Of course, the more the merrier. However, we understand that is easier said than done. The great news is that there are loads of mortgage options and schemes available that will allow for as little as 5% deposit. At the time of writing, there are even some zero deposit options available for some buyers in certain circumstances. Whatever deposit you have, speak to our team to see what mortgage options are available and you might be surprised at what is possible.
Mortgages for first-time buyers
Our advisers have helped many individuals and families buy their first home. We understand that you could be nervous and may want to ask lots of questions – which are always welcome.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Contact a James Leighton mortgage adviser to understand real options with no obligation.
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Clear and genuinely helpful
Buying your first home is probably the most expensive purchase you’ll have made to date, so it’s completely normal to be nervous and apprehensive. Our mortgage advice service is designed to make the process easier and less stressful for all buyers, especially those putting their first foot on the property ladder.
We operate an “open door” policy whereby first-time buyers are always free to ask their friendly mortgage adviser questions and seek clarification at any stage. Our advisers are passionate about making a difference, which is why all your questions will always be received as an opportunity to help and never an inconvenience.
No pressure, no hassle
Even after you engage with our mortgage advisers, you’re never obligated to progress with our services or secure a mortgage. The power to decide remains entirely in your hands and you’ll never be pressured by us.
All first-time buyers
James Leighton provides fee-free mortgage advice to all types of first-time buyers, no matter what your budget is or your mortgage requirements. No mortgage is too small, too big or too complicated for our professional advisers.
Clear communication with ongoing updates
Your worries can be eased with clear communication and constant updates about the progress of our service. We commit to providing full transparency and timely updates throughout the mortgage process.
Whole of market for mortgages considered
Our advisers search the whole of market for mortgages to find you a suitable deal, which means you won’t miss out on more suitable and advantageous deals elsewhere.
Choose your ideal mortgage
Mortgages come in all shapes and sizes and it’s our advisers' job to recommend a suitable mortgage for your needs based on your personal circumstances, preferences and objectives.
Setting realistic budgets
We recommend that you speak to us as early as possible in your house buying journey so we can help you establish what your target price range is. We’ll help you understand what your payments will be, what the optimal deposit is, what other costs you will need to budget for (such as legals) and talk you through the house buying process.
Our team will put you in a great position to go property shopping, including obtaining a Decision in Principle (DIP), so that you can make an immediate offer on a property and be confident in your ability get a mortgage.
Our advisers understand that there are a multitude of ways that you can earn a living, including being a permanent full or part-time employee, agency or zero-hour, pieceworker, bank worker, self-employed, a limited company director, contractor and many more. Of course, all lenders want to see that your income is sustainable into the future and our advisers are highly knowledgeable and skilled at ‘placing’ your application with the lender who will offer optimal terms given your circumstances. No matter how complex your circumstances, we’ll work incredibly hard to find you a great deal.
Deposit and credit history
It’s common knowledge that the bigger the deposit you put down, the less risk you represent to a lender and, usually, this means a lower interest rate. However, don’t let this put you off because there are plenty of low, and even some zero deposit, options available whether you are buying a new build or resale property. Of course, adverse credit history can reduce the number of mortgage options available but there are still plenty of mainstream and specialist lenders available who will welcome your business.
We understand that buying your first home can seem scary, complicated and confusing. That’s why we have built our customer journey, called “The James Leighton Way”, to make buying your first home as simple, easy and stress free as possible. From the very first conversation you have with our friendly team, we’ll make sure you feel supported, updated continually and that you understand everything, every step of the way. Our goal is that you feel informed, unrushed and relaxed from your initial enquiry right the way through to the day you get your keys and beyond. Our mantra is that there is no such thing as a silly question, but we understand that trust is earned, so don’t just take our word for it – have a look at our amazing Google reviews.
How much money do I need to save for a deposit for my first home?
How can I estimate how much I can afford to borrow as a first-time buyer?
It’s actually quite difficult to estimate because there are so many factors affecting how much you can borrow, such as employment status, credit rating, size of deposit and age. Consequently, we recommend that you speak to one of our brilliant team, 7 days a week, for a no obligation chat. We’ll help you establish accurately how much you can borrow, how much it will cost per month and therefore what your target purchase price range is. All based on your personal circumstances. It only takes around 15-20 minutes. No documents. No unwanted credit checks. Hassle free.
What documents and evidence do first-time buyers need to supply?
We understand that gathering documents can be a bind but don’t worry, our team are on hand to help and we’ll only need documents if you choose us to apply for a mortgage. As a minimum, we’ll need name and address ID, proof of deposit, proof of income and bank statements showing income and bills.
of all UK property purchases are made by first-time buyers*.
This is reassuring for first-time buyers. It might be daunting, but lots of people successfully manage to buy their first home with no issues.
At James Leighton, we pride ourselves on our dedication to finding tailored solutions for every client, ensuring their aspirations become a reality.
Sunny has been a dedicated team member for over five years and has worked in financial services since 2009. He is determined to help our clients achieve their homeownership dreams.
What our customers say
As first time buyers I was recommended James Leighton Financial Services by the house developer. Sam Chung from James Leighton Financial Services was so helpful and supported me through the entire process and guided me. I highly recommend them.