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First Time Buyer

Looking to buy your first home? That makes you a first time buyer…

When you look to buy your first home, you find yourself lovingly referred to as a first time buyer.  Whatever your own situation, often unsolicited “helpful advice” is never far away from you. Whether it be your Dad’s retired accountant friend or an “experienced” mate who has had their mortgage for the last 2 weeks ,everyone will have some tips for you. Even the slightest mention of the term “first time buyer” in a target driven bank will send the staff into an appointment booking frenzy trying to get you to speak to their banks adviser. You  become just a number, a statistic. To top it all you often have to wait ages for the appointment, take time off work to speak to them at least twice, sometimes 3 times before finding out if the bank will even lend to you. What happens if they don’t want to lend to you? What if that late credit card bill or missed NEXT payment means that  the adviser in the bank says nobody will lend to you? Could that mean the end of your property dream?

Mortgage, First Time Buyer, Home

You could still get the home you desire!

In short… Errr NO!

Buying your first home can be a real roller coaster ride but it doesn’t have to be. It is true that it has never been more difficult to satisfy mortgage lenders that you are worth giving money to. To top it all, all the different mortgage lenders have slightly different guidelines as to who and what situations they will accept as a “good risk”. They will also all offer you different maximum amounts they will lend you!




  • We will collect and assess your personal information, identification and documentation to act as a “central processing unit”. This allows us to pre-check against different lenders requirements to ensure they will look at your case.
  • Once we have discussed all relevant options with you we will then use the data we have to get your mortgage agreed in principle with the chosen lender. Estate agents will often wish to see that funds are available before you offer on any property. The Agreement in Principle certificate is perfect for this. 

  • We will help you work out what costs you will incur throughout the process and when that is likely to be. We also have a working relationship with many different national legal conveyancers who we can put you in touch with.  

  • We will liaise with your Estate Agent to ensure the transaction runs smoothly. We act as your champion at all times.

  • Ensure your new home and mortgage is fully protected for when you move in. We do this by completing a free insurance and protection review after you exchange contracts.

Securing a mortgage in this climate is difficult and in order to buy your first home you will need a minimum deposit of 5%. In addition there are schemes available to help First Time Buyers such as NewBuy and Shared Ownership.

Contact us for further information.

Useful Links which may also help you:

Help to buy Scheme – https://www.helptobuy.gov.uk/

Help to buy ISA  – https://www.moneyadviceservice.org.uk/en/articles/a-guide-to-help-to-buy-isas

*Note that neither Dartmoor Financial LLP or HL Partnership LTD are responsible for the content of other sites. 

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