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First Time Buyer Mortgages Plymouth – Expert Help from Mortgage HQ

Are you looking for first time buyer mortgages in Plymouth, South Hams or wider UK? At Mortgage HQ, we are specialists in helping first-time buyers navigate the mortgage process. As independent mortgage advisors we help you to get the best mortgage deal by working solely for you and not a lender.

Buying your first home is an exciting time in your life, but it can also feel overwhelming with so many different steps involved.

How Does Buying Your First Home Work?

Purchasing a home involves several key stages, and understanding them can help you feel more confident in your journey:

  1. Assess Your Budget – Work out how much you can afford to borrow and what deposit you need. The majority of lenders will require a 5% deposit as a minimum. Usually lenders will lend 4-6 times the amount the household makes in a year.
  2. Get a Mortgage Agreement in Principle (AIP) – This gives you an estimate of how much you can borrow and helps when making an offer, make sure you add this number to your deposit amount when looking at your potential first home.
  3. Find Your Dream Home – Start viewing properties and choose one that fits your budget and lifestyle.
  4. Make an Offer & Apply for a Mortgage – Once your offer is accepted, your mortgage application will be processed. This is where we do a lot of work talking to underwriters and lenders.
  5. Legal & Survey Checks – A solicitor will handle the legal work, and a survey will assess the property’s condition. Basically the solicitor checks that everything is ok with the house and that the property is suitable to invest money into from yours and your lenders perspective.
  6. Exchange Contracts & Complete – Once everything is in place, you’ll sign contracts, pay your deposit, and finally get the keys to your first home!
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Why Choose Mortgage HQ for Your First-Time Buyer Mortgage?

At Mortgage HQ, we make the mortgage process simple and stress-free. Here’s why first-time buyers in Plymouth choose us:

  1. Access to Exclusive First-Time Buyer Deals

We work with a wide range of lenders (over 90 lenders with over 12,000 mortgage products) to find you competitive mortgage rates, sometimes only available to mortgage brokers. We also have access to low deposit mortgages, part buy part rent and government backed scheme mortgages.

  1. Expert First-Time Buyer Advice

Our team provides clear, jargon-free guidance so you fully understand the process and your mortgage options. As specialists in first time buyers, we know how to help first time buyers through a process they have never been through before.

  1. Help with Government Schemes

We can advise you on Help to Buy, Shared Ownership, and other first-time buyer schemes that may be available to you. These schemes are popular with first time buyers, we know how difficult it can be to save a huge deposit. As experienced first time buyer mortgage advisors we know our way around these brilliant products that help first time buyers onto the property ladder.

  1. Smooth & Hassle-Free Process

We handle all the paperwork and liaise with lenders, solicitors, and estate agents to ensure a smooth home-buying experience. As a first time buyer it can be overwhelming dealing with lots of different people, you can rest assured that at Mortgage HQ we are here to help you through this process.

  1. No Hidden Fees

Transparency is key—we provide clear cost breakdowns so you know exactly what to expect. In our initial meeting we’ll go through everything with you so you have a good idea of the costs that are involved with buying a home.

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Extra Help for First-Time Buyers – The Homebuyer Coach

Buying your first home is a big step, and having the right guidance can make all the difference. We highly recommend checking out The Homebuyer Coach, where you can purchase a comprehensive home-buying guide packed with useful information, tips, and expert insights to help you feel more prepared and confident throughout your journey.

Get Expert First-Time Buyer Mortgage Advice in Plymouth

Ready to take your first step onto the property ladder? Speak to a first-time buyer mortgage advisor at Mortgage HQ today and find the best mortgage deal for your first home. Get in contact with us today using the contact form at the bottom of this page.