First time buyer?
How exciting!

Congratulations! You’re buying your first home…

Whether you’re buying alone or with someone else, there is a lot to think about. It can be a little overwhelming, but with the right advice and guidance, you’ll soon be opening the door to your new home.

Next Steps

We will gather some initial information such as your current earnings, outgoings and budget. We can then determine how much you’ll be able to borrow and explain the different mortgage types available.

We will search through thousands of deals and lenders to make sure they suit your circumstances. Also, we will get in touch with your estate agents and solicitors to keep them on the same page. We promise to be transparent and to always keep you in the loop.

Shared ownership

Looking for a cheaper way to get on the property ladder? Shared Ownership allows you to purchase a percentage of a property.

You will only pay a mortgage on the share that you own, whilst paying rent for the remaining amount. You’ll only need to put a deposit down on the share you will own. 

You can start by owning just 25% of the property and gradually increase this, known as ‘staircasing’. Eventually, you could own the entire property. 

This scheme is a great way of buying a property with a low income and/or small deposit.

Right to Buy

If you are a local authority or housing association tenant, you may have the “right to buy” your home after a certain period.

You will likely receive a sizeable discount of up to a maximum of 70% of the purchase price. Therefore, you should be able to proceed with little or no deposit and even borrow more to make home improvements.

Check if you’re eligible by taking this quiz.

Your home may be repossessed if you do not keep up repayments on your mortgage.
You may have to pay an early repayment charge to your existing lender if you remortgage.

There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1%, but a typical fee is £495 depending on your circumstances.

Talk to us!

Speak to an advisor



    Common questions asked by other first time buyers.

    Lendese have access to thousands of mortgage deals, including many exclusive deals not available elsewhere, along with specialist lenders who can assist with unique situations.


    Your affordability will be dependent on your income. Typically you can borrow between 4.5 & 5 times your joint income, but this can vary depending on age, credit commitments, deposit and whether you have dependents.

    Mortgage terms are generally available between 5 & 40 years. A longer-term might be suitable for a younger person with many years until retirement, whereas someone older could be restricted to a shorter term.

    As a first time buyer, you could obtain a mortgage with as little as a 5% deposit. However, you would usually receive a better interest rate with a larger deposit.

    Usually, your deposit will come from savings or a family gift. However, there are circumstances whereby a loan from a third party of gifted equity could also be acceptable with certain lenders.

    Yes. We have many lenders who will consider different levels of adverse credit, please refer to our specialist page for more information.

    ASAP! If you are considering buying your first home, consulting a mortgage broker should be your first step. In doing so, you can ensure that you know what you can afford and have a better understanding of the process.

    With your initial consultation being free, you really have nothing to lose.

    As a first time buyer you do not have to pay stamp duty on any property up to the  value of £425,000.

    You will generally only need an agreement in principle when you put an offer in on a property, although some agents will want you to have one before they even let you view a property. We suggest you obtain an agreement as early as possible to avoid any hurdles later down the line.

    Again, there is no obligation with this service as it is our duty to ensure you are armed to buy.

    We aim to get a mortgage offer issued within 30 days. This will always be subject to underwriters and valuers, so can differ. We can also expedite this should there be a pressing exchange deadline, or indeed obtain an extension should a delayed completion be necessary.

    New build properties are available to all buyer types.

    Get Protected

    For added peace of mind

    Always protect your mortgage!

    The aim of a protection policy is to ensure that should the worst happen, you or your family can remain in your home whether that be as a result of the mortgage being repaid or assistance with the monthly mortgage payments.

    There are plenty of different policies which can ensure this so click the link below to find out more.

    Find out more about mortgage protection