First Time Buyer Mortgage Advice NI

What is a first time buyer mortgage?

If you’ve never owned a home before, you fall into the category of a first time buyer. There are a number of things that you need to think about and consider when applying for a first time buyer mortgage. You will need some capital for a deposit, some banks will only require as little as 5%. You will also need to think about other costs, such as: property searches, surveys, mortgage arrangement fees, solicitor’s fees, stamp duty, home insurance, removal costs and so on. 

We also work with shared ownership, which in some circumstances may mean you don’t require a deposit at all.

Your home may be repossessed if you do not keep up repayments on your mortgage.

How do I apply for a mortgage?

Applying for a mortgage can be difficult and time consuming. Furthermore, if you were to approach a high street bank for a mortgage, they’re limited on the deals they can offer you.

As mortgage brokers, we have access to a panel of over 100 lenders, so we can compare the entire market and find the best deal for your circumstances. There are a few parameters that lenders look at to see your affordability; they want to see your income, out-goings and credit score, amongst other things and will then base their loan amount on that.

We’re experts in this field and are not happy until you are – so reach out and speak to us to start the journey of getting you on to the property ladder.

Try our mortgage calculator.

Budgeting is important, so start now. Get an estimate of what lenders might loan you and also calculate a figure that could resemble a similar monthly mortgage payment

Looking for something else?


There are multiple reasons why people would want to remortgage, learn more or speak to us, we’re happy to help.

Self build mortgages

A self build mortgage, provides you money to purchase land and money in instalments to build the property.

Buy to let mortgages

A buy to let mortgage is a mortgage that allows you to purchase a house and rent it out as a source of income.