First Time Buyers
High property prices have made it difficult for many people to afford to buy a home. This may be a particular challenge for you if you are a first time buyer. You will have many one-off initial costs including:
- a deposit
- Stamp Duty Land Tax
- surveyors’ fees
- Land Registry fees
- removals/or moving in charges
Therefore it is of particular importance to first time buyers that you obtain the most cost effective mortgage possible. Our mortgage brokers will search the market to obtain you the best deal available.
You will be assigned your own mortgage adviser who will deal with your case from start to finish. Not only will the mortgage adviser save a first time buyer the time of searching the market, we will maximise your chances of being accepted for a mortgage and we will liaise with the estate agent and solicitors on your behalf.
Most lenders have mortgage products that are specifically aimed at first time buyers; we will ensure that you choose the right one.
At Abstract Finance we know that we give an efficient and friendly service. That is why first time buyers come back to us again when they buy their second house. The majority of our business is due to referrals from satisfied customers.
Your initial consultation is obligation free. We charge a fee for mortgage advice and will retain the commission from the mortgage lender. The precise amount will depend upon your circumstances but we estimate it will be 1% of the loan amount. Alternatively you can choose the fee only option with the commission from the lender being forwarded to you, the typical fee is 1.5% of the amount borrowed.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.