Since Covid began in early 2020 mortgages for first time buyers with small deposits have become more and more difficult to secure. At Independent UK Mortgages Dorset, we update our knowledge daily of all lenders offerings in order that we match our clients to the best possible mortgage product.We understand that deposits are extremely difficult to save and can give advice on deposits being used from Help to Buy ISA’s and Lifetime ISA’s. Additionally, we can help you with deposits gifted from friends or family.
Shared ownership properties are also an excellent way for first time buyers to secure their first home. These types of purchases can be useful for people with low incomes and who are not currently able to borrow high amounts on their first mortgage. As a local mortgage broker company in Dorset, we would look forward to helping you in this type of purchase.When thinking of buying your first home, it is advisable to obtain a decision in principle (DIP) early on in your home buying process. Before any estate agent would take your offer seriously on a property, they would expect to see a DIP in place. With whole of mortgage access, we would look at every UK lender and look to obtain a DIP for you with the most attractive mortgage product. Getting a decision in principle in place will let you know how much you can borrow and what your monthly payments would be before you start to look for your first home.
Specialising in first time buyer mortgages, we’ll search the whole of the UK market and find the best product available for you.