First time buyers
First Time Buyer Mortgage Advice
Taking the First Step on the Property Ladder
Buying your first home can feel confusing, exciting and overwhelming all at once. The Mortgage Hive can guide first-time buyers through borrowing, deposit, costs, schemes and the mortgage process with clear, friendly advice.
Mortgage guidance
Mortgage Advice You Need To Know
We understand how confusing buying your first home can be. With access to the whole of the market, The Mortgage Hive can help you understand your options and find a mortgage that fits your circumstances.
How much you can borrow
The deposit you need
Which schemes may be available
Other costs you may incur
How long the process may take
Free advice
Book a Free Mortgage Consultation
Complete the form and we will help you take the next step with confidence.
First step guidance
What First Time Buyers Usually Need To Know
These are the questions most first-time buyers ask before they start viewing homes or making offers.
How much can I borrow?
Your borrowing may depend on income, deposit, outgoings, debts, credit history and lender criteria.
How much deposit do I need?
The deposit needed depends on the property, mortgage type and lender. A larger deposit can sometimes open up more options.
What schemes may be available?
Some buyers may be able to consider ownership schemes or savings routes, depending on eligibility and location.
What will my mortgage payments be?
Monthly payments depend on the amount borrowed, interest rate, repayment type and mortgage term.
Other costs to consider
You may need to plan for legal fees, valuations, surveys, removals, insurance and other home-buying costs.
How long will the process take?
Every purchase is different, but we can help you understand the usual steps from enquiry to mortgage offer and completion.
Affordability
How Lenders May Look At Your Mortgage Application
How much you can borrow will depend on your individual circumstances and the lender’s criteria. Lenders commonly look at income, deposit, regular outgoings, debts, credit history and whether the mortgage remains affordable.
Our mortgage advisers can help you understand what a lender may consider and what steps could improve your position before you apply.
Taking the First Step on the Property Ladder
Buying your own home is one of the biggest decisions you will ever make. It can be overwhelming and exciting at the same time, especially if you are unsure of the process involved.
At The Mortgage Hive, we aim to bridge that gap with free advice and support, helping you understand your options before investing in your first home.
Buyer schemes
First Time Buyer Schemes
Some schemes and support routes may help certain buyers. Availability and eligibility can change, so these should always be checked before making decisions.
Right to Buy and Right to Acquire
These routes may help some council, housing association or public sector tenants buy their home at a discount, subject to eligibility and local rules. Speak to your landlord, local authority and mortgage adviser before relying on any discount.
Lifetime ISA
A Lifetime ISA may help eligible buyers save toward a first home with a government bonus. Contribution, withdrawal and property rules apply, so check the current rules before using one for a purchase.
Shared Ownership
Shared ownership can allow some buyers to purchase a share of a property and pay rent on the remaining share. Mortgage and deposit requirements vary by lender, scheme and property.
Home Ownership for People with Long-Term Disabilities (HOLD)
HOLD may support eligible buyers with long-term disabilities where suitable shared ownership homes are not available. Eligibility and property requirements should be checked carefully.
Older People’s Shared Ownership
This may be available for older buyers in specific circumstances and works differently from standard shared ownership. It is important to compare the mortgage, rent and long-term implications.
First Homes Scheme
The First Homes Scheme may offer eligible first-time buyers a discount on certain new-build homes in England. Local rules, price caps and income limits can apply and should be checked at the time you are buying.
Guarantor mortgages
A guarantor or family-supported mortgage may help some buyers where family can offer suitable support or security. These arrangements can involve risk for everyone involved and need careful advice.
Support from start to finish
Let Us Handle Everything
The Mortgage Hive understands the process of buying your first home can be daunting. We can guide you through the journey, from your initial enquiry and understanding costs through to the mortgage application and getting the keys.
Contact us for help securing your first home and understanding the mortgage application process.
Why choose us?
Don’t Get Stung, Let The Mortgage Hive Save You Money
Free Advice
Free Advice, nothing to lose.
Straight-talking Guidance
Open, honest straight-talking guidance.
Friendly Service
Great friendly customer service.
Flexible Appointments
Online, over the phone, or face to face.
Mortgage Advice
Residential mortgages, buy to let, equity release.
Protection Advice
Life insurance, critical illness cover, income protection.
Tailored support
Your Situation Is Unique So Is Our Advice
Every first-time buyer has different circumstances, goals and questions. We will guide you through the process and help make the journey from initial enquiry to opening your front door feel clearer.
Ready To Take Your First Step?
Speak to The Mortgage Hive and get clear, friendly first-time buyer mortgage advice.