Being first-time buyers and buying your first home is a really exciting step in your life – but once you start adding so many requirements into the mix such as the buying process, mortgage applications and legal jargon, it can also be a little overwhelming. You’re stepping into a whole new world of terminology, numbers, and decisions.
At HFA Mortgage & Protection, we’ve helped hundreds of first-time buyers like you. Here’s our best advice to help you get ahead, avoid the pitfalls, and secure the right mortgage with confidence.
1. Don’t Just Focus on the Rate
Everyone wants the best rate, but that’s just one part of the puzzle. Consider:
• Fees (arrangement, valuation, legal)
• Flexibility (can you overpay or switch easily?)
• Fixed vs. tracker: What fits your life best?
Sometimes the lowest rate isn’t the best deal overall. We’ll help you see the full picture.
2. Get a Mortgage in Principle Early
Before you start house hunting, get a Mortgage in Principle. It gives you:
• A clear idea of your budget
• Confidence to make offers
• Serious buyer status with estate agents
3. Save More Than Just the Deposit
You’ll need more than just a 5% or 10% deposit. Factor in:
• Solicitor’s fees
• Stamp duty (if applicable)
• Survey costs
• Moving expenses
Budgeting for these early saves stress later.
4. Use Government Schemes If Eligible
You may be able to access:
• Lifetime ISA: 25% bonus on your savings
• First-time buyers First Homes scheme
• Shared ownership or Help to Buy (limited availability)
We’ll help you explore which schemes you qualify for.
5. Work With a Broker (Like Us!)
The biggest piece of advice? Don’t go it alone. We’ll help you:
• Understand what you can afford
• Compare dozens of lenders – not just one bank
• Avoid mistakes that cost time and money
• Get clear advice every step of the way
Lewis’s First Home
Lewis, a 28-year-old teacher, came to us unsure about where to start. We got him a Mortgage in Principle, explained the difference between fixed and variable rates, and guided him through every stage. Six months later, he had the keys in hand and a mortgage on a new property in Wigan, that suited his goals.
Your First Home Starts With a Conversation
You don’t need to have all the answers – you just need the right support.
Let’s Explore Your Options
First-time buyer? Let’s make the journey simple and stress-free.
Start your journey today with HFA Mortgage & Protection.
Important Notice:
There may be a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances but will range from £195 to £1500.
Your home may be repossessed if you do not keep up repayments on your mortgage.
