First Time Buyer Mortgages

Buying your first home is exciting but navigating the mortgage process can feel overwhelming without the right support. From deposit requirements to lender criteria, we help first-time buyers take confident steps toward homeownership!

At SND Mortgages, we explain everything clearly, break down your options, and guide you from agreement in principle to getting your keys.

A first-time buyer mortgage is designed for people purchasing their first residential property. Many lenders offer products specifically for first-time buyers, often with lower deposit options or incentives such as cashback or free valuations.

These mortgages are regulated by the Financial Conduct Authority (FCA), meaning your affordability and suitability are carefully assessed before any recommendation is made.

You’ll usually need a deposit of at least 5% to 10% of the property value, although the more you can put down, the better your mortgage rate is likely to be.

We can help you explore options with smaller deposits, including government-backed schemes, and show you how to improve your application strength.

Lenders will calculate how much you can borrow based on your income, monthly expenses, credit score, and employment status. Each lender has its own affordability model, so knowing where to apply is key.

We’ll assess your full financial picture to match you with lenders offering the most competitive deals for your circumstances.

It’s possible, but having little or no credit history can limit your options. Some lenders are more flexible than others, and we can guide you on how to build your profile or apply with a lender that looks at other factors.

We’ll help you understand where you stand now and what steps could help you get mortgage-ready if you're not quite there yet.