Take that first step on to the property ladder with our help

The first move you make towards buying your first home can feel like a big deal. 

With Mallory Financial, you’re not alone. Whether you’re currently saving for a deposit, or actively looking at properties, you’ll need plenty of mortgage advice and support and that’s where we come in.

What are first-time buyer mortgages?

These types of mortgages are specifically designed for those who are considering buying their first home and often come with incentives and benefits to encourage you to take the leap e.g. a lower deposit amount, cash back schemes and specific products, rates and deals aimed at first-time buyers. 

Mortgage advice you can trust

There are lots of different types of mortgages for first time buyers and choosing the right one can be confusing.

Our mortgage advisors will explore the different options with you, considering mortgage deals available on the high street, and those that aren’t, to help find a deal that suits your unique situation. 

How much deposit do I need? 

As a first-time buyer, it can be hard saving up enough deposit for a mortgage. For some mortgages, you might need a 5% deposit, and for others you might need more. The decision as to how much will be based on your individual circumstances. 

Even though finding the money for a deposit might feel like hard work, it’s worth saving up as much deposit as you can you. This would provide you with a wider mortgage choice, possibly lowering the interest rate and your monthly payments. 

What do I need for a first-time buyer mortgage?

There are few things that could help secure your first mortgage deal, putting you in a better position to secure a mortgage at a lower rate:

  • A deposit – the larger the deposit, the lower the potential interest rate and monthly payments

  • Financial stability – mortgage lenders like seeing a regular income, history of employment and address history as it shows you are a less risky borrower

  • A good credit score – this gives you access to better borrowing and lower interest rates. To improve your credit score, read our article HERE

An easier mortgage experience

We will support you throughout your entire mortgage journey, helping to make the process as simple and straightforward as possible. Our friendly mortgage experts will handle the whole process, whilst you sit back and relax – giving you more time to think about the exciting things like what colour to paint the new lounge and where to put the sofa! 

We’ve got you covered

With a mortgage comes the discussion about protection. As insurance experts, we can explain the different protection policies to you, helping to ensure a level of financial security for you and your loved ones if anything was to happen in the future. 

We can make your mortgage dreams a reality

Get in touch today to see how we can help you get on the property ladder and bring your new home dreams to life. 

Take that first step on your financial journey by calling us today.

Your home/property may be repossessed if you do not keep up with repayments on your mortgage. 

There may be a fee for mortgage advice. The precise amount will depend on your circumstances and will be agreed with you before proceeding but estimate this to be £750.

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