First Time Buyers
Personalised Solutions, Every Step of The Way
Take your first step on the property ladder with SGB Mortgages. We will work closely with you to help keep the process of getting your first mortgage an exciting one. You can rely on our years of experience to ensure that you are professionally guided through every aspect of the mortgage process.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Get Your Next Mortgage
SGB Mortgages
Buying Your First Home should Be Fun, Not Stressful!
20+ Years Industry Experience
Access to a Large Panel of Lenders
Range of Mortgages Available to You
Consistent Advice & Guidance
Complete Affordability Checks
Complete Protection Services
End-To-End Service
Choose SGB Mortgages to rely on our industry experience to guide you through the process of buying your first home. We Have Over 100 Verified Google Reviews!
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
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SGB Mortgages
Start Your Mortgage Journey Today
All figures used in our mortgage calculator are intended as an example to outline what your terms could be. They do not represent a mortgage quote. An assessment of your eligibility will have to be completed before you can get an accurate quote.
Calculate Your Mortgage
Use our fee-free mortgage calculator to get and idea of what mortgage is right for you. If the price feels good to you then contact us and we can begin your mortgage eligibility check.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Calculate Your Mortgage
Use our free mortgage calculator to get and idea of what mortgage is best for you. If the price feels good to you then contact us and we can begin your mortgage eligibility check.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
All figures used in our mortgage calculator are intended as an example to outline what your terms could be. They do not represent a mortgage quote. An assessment of your eligibility will have to be completed before you can get an accurate quote.
SGB Mortgages
First Time Buyer FAQ
How Much Deposit Do I Need?
The higher your deposit the lower your repayments will be. Most commonly people opt for a minimum of a 10% deposit. Some major lenders have begun to now offer 5% deposits.
Are There Hidden Fees?
In addition to saving your deposit for your mortgage you should also consider the additional fees involved in obtaining a mortgage.
Some fees involved are
- Mortgage adviser costs – the costs of the services from your mortgage advisor.
- Stamp duty – providing you are not a first-time buyer, and your purchase is over £125,000 then you will have to pay a stamp duty tax.
- Booking fees – Additional charges from a lender to purchase your mortgage.
- Snagging costs – If you are purchasing a new build property then it is highly recommended you get it snagged prior to completing your purchase.
- Conveyancer fees – These are fees from your conveyancer to complete all the legal work required for the purchase or sale of a home.
Can My Parents Gift Me My Deposit?
Yes, your parents can gift you your house deposit. A letter should be provided to your solicitor stating that the gift is solely for deposit, and they have no right to the property purchased with it.
How Do I Improve My Chances of Mortgage Approval?
To improve your chances of getting mortgage you should ensure you have a high credit score and low monthly outgoings. Expensive lines of credit will reduce your chances.
Can You Help Me Throughout the Process?
Yes, you do not need to worry when working with SGB Mortgages we will guide you through every step of the process.
Can I Choose My Lender?
Yes, after your affordability is completed, we will provide with a choice of lenders. If you already have a lender in mind, then we can work to get you a mortgage with them.
What If I Don’t Know Any Solicitors?
A solicitor or conveyancer is crucial to purchasing a home, if you do not already have one then we can provide you with some reliable choices.
The products and services promoted here are not part of The Openwork Partnership offering and are offered in our own right. The Openwork Partnership accept no responsibility for this aspect of our business. These products are not regulated by the Financial Conduct Authority.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.