First time buyer mortgages in Stevenage

Buying your first house is one of the most stressful things you will ever do but don’t worry. At Mortgage Hunters we have been helping first time buyers obtain mortgages for their first home since 2006. We are here to help and guide you every step of the way.

Mortgage Hunters will undertake the research for you and steer you to the most appropriate lender and scheme. We know which lenders favour first time buyers and provide innovative solutions to help you onto the property ownership ladder.

We also know which lenders try to help out by keeping the ancillary costs as low as possible. For example, there is no point in needlessly spending money on mortgage valuations just because you don’t know an alternative lender offers these items free or refunds them.

To complicate matters lenders no longer work on a straightforward multiple of your income, but all now have varied affordability models which take into account the term of the mortgage, existing debts, numbers of children or dependents and any background buy to let properties.

We will:

• Explain the buying process to you and help you understand how to avoid the pitfalls.
• Explore your finances and calculate how much you could borrow and what it will cost.
• Save you the time and inconvenience of discussing your specific needs with multiple lenders.
• Explain why we have chosen a particular scheme
• Arrange an agreement in principle for you to prove your mortgageability
• Put everything in writing to you in a suitability letter.
• Explain other costs such as solicitors and stamp duty to make sure you have sufficient funds to complete your purchase.
• Show you how you can protect your home and family .

We can also help you with guidance on help to buy schemes and shared ownership.

Conveyancing

Whether you are buying or selling your home, an investment property or re-mortgaging to another lender, you are going to need a solicitor or conveyancer to deal with the legal work and ensure that everything is above board.

The solicitor/conveyancer is there to make sure you are obtaining a good title to the property and that any leasehold, existing charges or easements over the property are investigated and reported back to you.

Mortgage Hunters works with a licenced solicitor firm and can provide you with a fixed price quote. You will have access to a confidential on-line system available 24/7 which will allow you to log in and see how the legal work is progressing. As we have worked with this firm for a number of years, we can liaise with them to assist in making sure the process runs smoothly. You may find our solicitor could save you money.

Looking for a mortgage? Call 01438 359300 for a FREE, no-obligation initial consultation today!