Purchasing your first home can seem like a scary process, but here at Wakefield Mortgage Services, our main aim is to ensure our customers get the best possible mortgage deals available for their specific circumstances. As mortgage brokers we can search thousands of products from over 80 different mortgage lenders.
Not only do we make sure you’re saving as much money as possible, we guide you through the process from start to finish, assisting you with making an offer, dealing with your solicitors and estate agent. We also provide advice on protection cover tailored to you individual needs, so you have the peace of mind knowing you have financial protection should the worst happen to you or your home.
We can source specialist mortgage products and exclusive mortgage deals for first time buyers in many different circumstances – some are listed below. Contact our expert mortgage brokers in Leeds for more information.
Maybe you have had missed payments in the past, incurred a default or have had a CCJ issued. With any of these, finding a mortgage lender willing to offer you a mortgage can be very hard, especially if you’re a first time buyer. It may be that you have already had your mortgage declined with your bank. Our expert mortgage brokers have a wealth of experience in dealing with low or poor credit scores and can make the mortgage journey much easier.
There are mortgages that are designed especially for first time buyers that can include exclusive rates and cashback which can help to pay for solicitors. Be sure to take mortgage advice from an expert, as these may not always be the best option available on the market and in some cases there can be cheaper products out there.
Shared Ownership schemes allow you to purchase a percentage of a property and can be a great help when getting onto the property ladder. For example, you would purchase say 50% of the property and pay rent on the remaining portion (which is owned by the housing association). You can then mortgage your share, which is where our expertise comes in, there are shared ownership mortgages that don’t even require you put down a deposit at all, so you could be closer to owning your own home than you think.
Shared Ownership schemes allow you to purchase a percentage of a property and can be a great help when getting onto the property ladder. For example, you would purchase say 50% of the property and pay rent on the remaining portion (which is owned by the housing association). You can then mortgage your share, which is where our expertise comes in, there are shared ownership mortgages that don’t even require you put down a deposit at all, so you could be closer to owning your own home than you think.
Enquire today – there is no obligation to go ahead and your credit score will not be impacted.
Technically you don’t need a deposit to get started and there are options available to people who don’t have anything saved up, however these options are few and far between and most of the time you will need at least 5%
To obtain a mortgage with a smaller deposit, you need to have an excellent credit score. Generally speaking, the poorer your credit the higher deposit you will need.
Yes, if you have someone who is willing to be named on the mortgage for affordability purposes we can help to advise you in this area.
Technically you don’t, however no estate agent will take the property off the market unless they have seen proof you can obtain a mortgage. An agreement in principle will give you that proof.
As a first time buyer there will be fewer mortgage providers willing to lend for the purpose of you buying to rent out a property, but there are options available.
