First-Time Buyer Mortgages

What is a First-Time Buyer?

A first-time buyer is someone purchasing a property for the first time, meaning they have never owned a home in the UK or abroad. First-time buyers often benefit from government schemes, lower deposit requirements, and exclusive mortgage deals to help them get on the property ladder.

Buying your first home is exciting, but it can also feel overwhelming. That’s where we come in!

How Can We Help a First-Time Buyer?

At Moneybox Financial Management Limited, we make the mortgage process simple and stress-free for first-time buyers. Here’s how we help:

• Finding the Right Mortgage – We compare lenders to secure a competitive mortgage deal that suits your budget.
• Explaining Your Options – We break down different mortgage types (fixed-rate, tracker, variable) so you can make an informed decision.
  Helping with Deposit Requirements – We advise on the minimum deposit needed and explore available government schemes, such as:
• Shared Ownership – Buy a percentage of a property and pay rent on the rest.
• First Homes Scheme – Discounts on new-build homes for eligible buyers.

o   Guiding You Through the Application – We handle the paperwork, liaise with lenders, and support you from application to mortgage approval.

o   Budgeting & Affordability Advice – We help you understand what you can afford by reviewing your income, credit score, and financial commitments.

o   Support Throughout the Process – We work alongside solicitors and estate agents to ensure a smooth purchase from start to finish.