First Time Buyer Mortgages

Step Onto the Property Ladder with Confidence

Buying your first home is one of the most exciting milestones in life—but it’s normal to feel a little daunted by the process. With so many choices, unfamiliar jargon, and important financial decisions, it’s easy to feel overwhelmed. That’s why FPM Advice Centre is here to support you every step of the way.

Our friendly, independent mortgage advisors specialise in helping first-time buyers like you find the right mortgage for your unique circumstances. We’ll guide you through the process, answer all your questions, and help you secure the most suitable deal from the whole of the mortgage market.

What is a First Time Buyer Mortgage?

A first-time buyer mortgage is a type of mortgage specifically tailored for those purchasing their very first property. These mortgages often come with competitive interest rates and lower deposit options, making it easier for you to take that first step onto the property ladder—even if you don’t have a large savings pot.

Features of First-Time Buyer Mortgages include:

Lower deposit requirements (as little as 5–10%)
Access to special deals and incentives for new buyers
Flexible terms to suit your financial situation
Options for fixed, variable, or tracker rates

Who Can Apply?

You are considered a first-time buyer if you’ve never owned a property before, either in the UK or abroad. Lenders will assess your income, outgoings, credit history, and deposit to determine how much you can borrow.

Step-by-Step Guide: Buying Your First Home

01

Assess Your Finances

Review your income, outgoings, and deposit savings. Our advisers will help you understand how much you can borrow and what you can afford.

02
Get a Mortgage Agreement in Principle

We arrange a mortgage ‘Agreement in Principle’ (AIP) for you, showing sellers and estate agents that you’re a serious buyer.

03
Start House Hunting

With your budget and AIP in hand, you can confidently view properties and make offers.

04
Make an Offer

Once you’ve found your ideal home, make an offer to the seller via the estate agent.

05
Submit a Full Mortgage Application

We’ll guide you through the mortgage application, ensuring you provide the right documents and information.

06
Property Valuation & Survey

The lender will arrange a valuation of the property, and you can choose to have a more detailed survey for peace of mind.

07
Receive Your Mortgage Offer

If everything checks out, you’ll receive a formal mortgage offer.

08
Appoint a Solicitor

They handle the legal side, carry out searches, and transfer ownership.

09
Exchange Contracts

You and the seller sign contracts, pay your deposit, and agree a completion date.

10
Completion – Collect Your Keys!

The remaining funds are transferred, and you pick up the keys to your new home. Congratulations—you’re officially a homeowner!

The FPM Advice Centre Advantage

Choosing the right mortgage isn’t just about finding the lowest rate. It’s about making sure the mortgage is sustainable, flexible, and right for your long-term goals. Here’s why so many first-time buyers trust us:

Independent Advice:

We’re not tied to any single lender—giving you access to the widest range of deals.

No Jargon:

We explain every step of the process in plain English, with zero confusing terminology.

Personal Service:

From your first enquiry to collecting the keys, we’re with you all the way.

Help with Paperwork:

We handle your application, chase lenders, and liaise with estate agents and solicitors.

First Time Buyer FAQs

Many lenders accept deposits as low as 5-10%. However, the more you can put down, the better your rate is likely to be.

Typical fees include the mortgage arrangement fee, valuation/survey costs, solicitor’s fees, and stamp duty (if applicable). We’ll give you a clear breakdown from the start.

Yes, a gifted deposit from family is accepted by many lenders, but it must be a true gift, not a loan. We’ll advise you on the right way to document this.

There are lenders who specialise in helping buyers with poor credit history. We’ll review your circumstances and guide you to suitable options.

The average home purchase takes 8-12 weeks from offer to completion, but this can vary depending on individual circumstances.

Help to Buy is a government scheme offering an equity loan to help first-time buyers purchase a new-build home with a smaller deposit. We can check your eligibility and handle the paperwork.

Yes! Lenders may require additional documentation, but many support self-employed buyers. We’ll explain what’s needed and help you prepare your application.

An independent adviser like FPM Advice Centre offers access to the whole market, helps you avoid costly mistakes, and saves you time by managing the process for you.

How Much Can You Borrow?

Our advisers will explain all your options and help you understand exactly what you can afford—so you can house-hunt with confidence and clarity.

The amount you can borrow as a first-time buyer depends on several factors, including:

1. Your income and employment status
2. Your monthly outgoings and debts
3. The size of your deposit
4. The lender’s criteria

Our advisers will explain all your options and help you understand exactly what you can afford/

What do our clients think?

Ready to start your journey to home ownership?

Book your free first-time buyer consultation now!

Let FPM Advice Centre turn your dream of owning a home into a reality—supporting you every step of the way.