First Time Buyer
What is this and why do I need it?
An individual who has not owned a primary residence for three years or more.
If you have owned a home but your spouse has not, then you can purchase a place together as first-time homebuyers. A single parent or a displaced homemaker, who has only owned a home with a former spouse while married.
What can Beesure provide?
Buying a home for anyone can be a daunting experience, let alone for first time buyers. At Beesure we understand this, so we take the time to not only get the most suitable mortgage for you but guide you through the complete process. If you are unsure on how much you will be able to borrow, an initial consultation from one of our advisers will give you an idea of your budget to get you house hunting as soon as possible.
Take a look at the Help To Buy scheme available for first time buyers – Help To Buy information
Why is Beesure the right choice?
Traditionally, the high street lender has been the go-to for those looking to purchase their first homes. At Beesure, we have access to thousands of mortgage products across the whole of the market, including those on the high street but more importantly those exclusive products available only to mortgage brokers. We endeavour to get the right one for you and secure that dream home.
Frequently Asked Questions
What kind of deposit is required?
Before looking at properties, you need to save for a deposit. Generally, you need to try to save at least 5% to 20% of the cost of the home you would like, the exact percentage is dependent on the bank or mortgage provider you obtain a mortgage with.
What are the minimum requirements?
The requirements may differ depending on the bank or mortgage provider but as standard most will require:
- 3 Months pay slips
- Bank statements
- Tax return (if self-employed)
- Work contract
- A good credit score
- Deposit (from an approved source)
Speak to one our team for a free no obligation initial consultation.
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Beesure Limited is authorised and regulated by the Financial Conduct Authority no. 832417.
Beesure Limited is a company registered in England and Wales. Company number: 10551333.
Registered office address: Ground Floor, Rowan House, Hazell Drive, Newport, NP10 8FY.