Providing expert mortgage advice for over 28 years.
Providing expert mortgage advice for over 28 years.
Are you a first-time home buyer ready to take the next step? We’re here to provide you with fee–free mortgage advice and the support you need to navigate the home-buying process with confidence.*
Understanding mortgages can be overwhelming, but our team in Cannock is here to simplify the process. Fill out our form today and our experts will explore mortgage options that fit your needs.
Call us 01543 629 124
Stay informed about the latest first-time buyer schemes available in 2024—ask our experts for more information!
Receive discounts of up to 50% on new homes in England.
Purchase a home with just a 5% deposit.
Buy a portion of a home and rent the remainder.
Benefit from a 25% government bonus on your savings for your first home.
A scheme offering discounts on new-build homes.
Wondering if you need to pay stamp duty as a first-time buyer? Use our simple calculator to estimate your costs.
Currently, first-time buyers don’t pay stamp duty on properties up to £425,000.
From 1st April 2025, this limit will drop to £300,000.
If you buy a home costing more than £300,000, you’ll pay 5% stamp duty only on the portion above that amount.
For properties over £500,000, first-time buyers won’t qualify for First Time Buyers’ Relief and will pay standard rates.
Right now, first-time buyers can claim relief on properties up to £625,000, but this will decrease to £500,000 starting 1st April 2025.
If you’re considering buying your first home, it may be a good idea to complete your purchase before 31st March 2025 to potentially save on stamp duty costs.
*Information is subject to change
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Your dream home is just a phone call away. Let us help you navigate the mortgage process with ease.
Fill out our form or call us today to take the first step toward unlocking your perfect home!
Call us: 01543 629 124
A first-time buyer is someone purchasing their first residential property. To qualify, you must not have owned a home or land anywhere in the world before.
Typically, you'll need at least a 5% deposit of the property's price. However, saving a larger deposit (10% or more) can help you access better mortgage rates.
As a first-time buyer, you can take advantage of several support options, including:
While not legally required, obtaining a survey is highly recommended. It can identify potential issues with the property, helping you make an informed decision and potentially saving you money in the long run.
The process typically takes between 2 to 6 months from having an offer accepted to completion. However, this can vary depending on factors such as the property chain and any complications that arise during the process.
While it can be more challenging, it's not impossible. Some lenders specialise in 'bad credit' mortgages. However, you may face higher interest rates and need a larger deposit.
Conveyancing is the legal transfer of property ownership from seller to buyer. It involves reviewing contracts, conducting property searches, and managing the exchange of funds.
Other costs can include stamp duty, survey fees, solicitor fees, mortgage arrangement fees, and removal costs. It's wise to budget an extra 2-5% of the property price for these expenses.
You can improve your credit score by paying bills on time, reducing existing debt, registering on the electoral roll, and correcting any errors on your credit report.
Yes, but you'll typically need to provide more documentation. Most lenders ask for 2-3 years of accounts or tax returns to prove your income. Some specialist lenders may consider applications with only one year's records.
