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Let’s start the adventure

Our team of experts just love helping first time buyers like you – and each knows the insider secrets and best contacts to get you the right mortgage.

What can I borrow?

Lenders will look at how much you earn and your outgoings. As a general rule, multiply your income by 4.5 and you’ll get that magic number.

​Which mortgage is right for me?

This is where we come in. Our experts will find out all about you, your history and future plans, and let you know.

​How can we help?

We don’t just pick a mortgage product, we will be by your side until you’ve turned the key in your front door. And we’ll even stick around afterwards (if you’ll have us).

Important information

Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured upon it.
A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances.
A typical fee is £495.

So, how does it all work?

Your first home will likely be the biggest purchase you’ve made yet and the list of considerations is probably endless. But don’t be daunted, millions of people have successfully bought their dream home before you, and you can do it too.

First things first, you should work out how much you can afford. Viewing a £3,000,000 penthouse in Kensington sounds like fun, but if you can only afford £300,000 you might get your heart broken. Give us a quick call and we can give you an estimate on how much you can borrow or get number crunching yourself and use our calculator[link].

We can even arrange an Agreement in Principle (AIP) for you. This provisionally lets you know how much a particular bank will lend you. When you’re ready to put an offer on a property, you can use the AIP to show the seller and estate agent that you are a serious buyer who has already considered their financial situation.

One of the biggest obstacles between you and your first home is probably the deposit. The average first time buyer puts down a 20% deposit but the good news is that there are a number of lenders that will accept a 10% or even 5% deposit.

Once you have worked out the amount you need to save, create a plan to reach this goal. If you know you need to save £20,000 and you want to buy in 5 years time, put away £333 each month. If this is out of your budget, then you need to reassess your goals and adjust your monthly payments accordingly.

Don’t forget that, if you qualify, the government will give you a 25% boost on your savings. Help to Buy ISAs and Lifetime ISAs are specifically designed to help you save for your first home. These ISAs can also be used in conjunction with the Help to Buy Equity Loan scheme. If you’re planning on buying a home in the next few years, we think this is a no-brainer.

Our experts can give you an idea if your goals are achievable and what you need to do to make sure your finances are in order.

You’ve chosen your property (yay!) but now you need to put in an offer (uh-oh). If you offer too little, your offer might be rejected, offer too much and the lender might not be able to lend you enough. Our advice is to do your research. Have a look at what properties nearby have sold for and, most importantly, only offer what you can afford.

As soon as your offer has been accepted, get in touch with your adviser. We can get moving on your mortgage application straight away leaving you free to go sofa shopping.

Latest mortgage offers

We know you’re curious so we’ve picked out some of today’s best mortgage rates to give you an idea which lenders and interest rates could be available to you.

    Latest mortgage best buys

    Based on a property price of £300,000 with a £30,000 (10%) deposit

  • Initial rate
    Overall cost for
    comparison
  • 1.74%
    then 3.54%
    (variable)
    3.3%
    APRC
  • 1.8%
    then 5.89%
    (variable)
    4.9%
    APRC
  • 1.81%
    then 3.59%
    (variable)
    3.3%
    APRC


  • Narrow down the right mortgage for me

Calculators

How much can I borrow?

Annual Salary (£)

Bonus (£)

First time buyer guides

Newbie? You’ll feel like an expert in no time with our jargon-busting mortgage guides

View All

4.8
132 reviews

Excellent
Andrew & Ruth
"We had a great experience working with Anna Vikarska and Abbey Proud on purchasing our new..."

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Andrew & Ruth
We had a great experience working with Anna Vikarska and Abbey Proud on purchasing our new home. Going in, I knew I wanted a mortgage broker to help me choose the best deal. They made that fast and easy, and they knew about more than just cost -- also considering available loan amounts and turnaround times from different lenders. What I didn't realise is just how much more you get by working with professionals like Coreco. Anna and Abbey were in direct contact with our lender and got our offer approved astonishingly quickly. Later, when our purchase details changed and we had to amend the offer, they were able to do that quickly as well. They kept in contact to make sure we were ready for exchange and completion. They also helped us find home and personal insurance. We were lucky to have such good allies in the home buying process.
James Stonehill
"Alex Dowding and the rest of his team were fantastic in helping me find and select..."

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James Stonehill
Alex Dowding and the rest of his team were fantastic in helping me find and select the best mortgage for me and were super useful in helping chase loose ends and keep the process moving. I'd hlighly recommend them to anyone looking for a mortgage broker and associated services.
Sophie
"This is the second review of my adviser David King & Case Worker Zoei McKee following..."

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Sophie
This is the second review of my adviser David King & Case Worker Zoei McKee following the successful completion of a property. Both have each provided a faultless service in securing a good and affordable mortgage deal for me, as well as an accompanying health insurance policy. Their communication is fantastic - quick to reply plus no question has ever been too small for them to take the time to answer or explain. David is incredibly knowledgeable about the market and has been transparent throughout the process which I really value as a first time buyer with a tight budget. He clearly puts the client's best interest first, carefully considering and flagging affordability and risk at all stages. I'd highly recommend working with David & Zoei and would use their services again for future purchases.

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