First time buyer mortgage advice covering the whole of the UK

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    First Time Buyer Mortgages Anywhere In the UK

    AP Mortgage Solutions are dedicated to helping and supporting first-time buyers across the whole of the UK to find the best mortgage deal out there. We can find a mortgage tailored to your requirements, searching through thousands of deals from dozens of lenders. Instead of spending time scouring the market yourself, and running the risk of choosing the wrong product for your needs, let our expert mortgage advisors do all of this for you.

    Worried about admin? Our team have plenty of experience handling mortgage and legal paperwork, insurance details, choosing the right solicitors and the right protection policies. We want you to be safe and secure in your own home and protected against any issues that might arise.

    We understand that this can be quite daunting for first-time property buyers, with AP Mortgage Solutions you’ll have the comfort of knowing that we’re with you every step of the way, and throughout the entire process, to get you settled in your new home as soon as possible.

    If you’d like to find out more, please get in touch and speak to one of our advisors today.

    Mortgage Calculator

    Please try out our mortgage calculator below to see what your mortgage repayments might look like. Please bear in mind that this is only an estimate and a guide and is not an indicator of what is available, please contact us for more information.


    Reliable and Expert Advice

    Becoming the owner of your first home is an exciting prospect, but shouldn’t be taken lightly. As a first-time buyer, you are taking on a huge financial commitment, so it’s important to have all your information and paperwork correct before you take the first step. As experienced mortgage advisors, our team can offer expert advice throughout the process, from the initial chat to moving in. We are highly knowledgeable about the housing and mortgage markets and will use our skills to find you the perfect mortgage deal. Book a telephone call today or get in touch with any questions.

    At AP Mortgage Solutions, we have access to specialist and exclusive mortgages that can’t be found by the general public. With thousands of mortgage deals available, there’s something out there for everyone.

    Home Buying - The Process

    If you’re planning to purchase your first property, there are various things you’ll need to consider, including:

    • What deposit you’ll need
    • How much can you borrow
    • What is the best type of mortgage for you
    • Choosing a solicitor
    • What mortgage fees you’ll have to pay
    • Will you pass the credit check

    But you don’t have to do it alone. We’re here to offer advice at every stage, finding you the best mortgage for your financial situation and getting the mortgage credit checked and agreed in principle before you start viewing properties.

    We’ll keep you informed throughout, answering any questions you may have and providing you with our expertise. We know how important mortgage advice is, so choose us for excellent mortgage support.

    No More Stress

    Purchasing your first house is stressful enough without dealing with a mountain of information being thrown at you, most of it in confusing property jargon. Facing the property market without experience can be scary and worrying, so allow us to relieve that stress with expert mortgage advice and support.

    We can help discuss your finances, how much you’ll need to save, what your borrowing capacity is and how much you can buy up to whilst keeping the repayments affordable to you. By gathering all of this information it will help us to find you the perfect mortgage deal and we’ll help you move into your first home.

    Instead of dealing with the stress on your own, contact AP Mortgage Solutions to access our excellent mortgage advice services. Services which are stress-free and designed with our clients in mind, helping you step onto the property ladder with ease. Book a meeting with us today to discuss your situation and we’ll explain how we can assist you.

    Words of Advice

    If you’re not sure what mortgage would suit you and you’d like to learn more about the different types, please get in touch with us to further understand the different mortgage products available and what is best for your financial situation.

    As a first-time property buyer, you’ll also need to instruct a solicitor who will carry out all the necessary legal work for you. You can contact us for more advice on solicitors, which ones we recommend to use, what they do and why you need them.

    You can never be too prepared as a first-time buyer, and at AP Mortgage Solutions we are dedicated to keeping all of our first-time buyers as informed as possible. If you’ve got your eye on a property or if you’re just considering purchasing your first home, get in touch with us and start planning your future today. It’s never too early!

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

    Areas We Cover

    We are independent mortgage brokers covering the UK.

    If you need a mortgage broker in any of the areas above we can see you at our convenient office, face to face for an initial appointment to talk through your circumstances without obligation – we will look at how much you can borrow, how much that might cost you, the best deals that are going to suit you and answer any questions you might have about the process.

    First time buyer mortgage advice covering

    Check out our 5-star reviews

    We are a top rated independent mortgage broker in the UK.


    How much can I borrow ?

    What Is Mortgage Affordability?

    We’re often asked “can I borrow 5x my income for a mortgage” or “should I just multiply our joint incomes by 4?” Whilst income multiples exist in the background that lenders won’t exceed, it isn’t the sole driver of the amount you can borrow. The amount of money you can borrow on a mortgage is dependent on a number of things covered below.

    1. The amount & frequency of your income – are you salaried or paid weekly? Do you earn overtime or receive bonuses or commissions & are they monthly, quarterly or annually, are you self employed and submit accounts at the end of the year or are you a limited company director and receive dividends?

    2. The amount of credit commitments you have; so that’s debts such as loans, credit cards, car finance, store cards etc. Are these debts staying or being paid off before you buy the home, and if they’re being paid off how will it be paid – mortgage lenders will often check that the debt has been paid off before completion by doing a final credit check if you say you will pay it off.

    3. How many children, if any, do you have – it often costs a lot of money to have children & lenders make an assumption about that cost based on national statistics. We also might have to take into account the costs of childcare and nursery for example as well.

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    4. Any other income you receive – eg some people get child benefit, some have working tax, or child tax credit. Some people receive personal independence payments, there may be CSA or maintenance payments paid monthly to support a child – all of these can be taken into account in various combinations.

    5. Your age & how long you can take the mortgage over in combination with your retirement plans. The longer you can stretch a mortgage, often the more you can borrow as the payment will likely be lower and therefore more affordable, however the longer the mortgage the more interest in total is payable so it’s a double edged sword!

    As Mansfield’s top rated award winning mortgage & protection brokerage our job is to look at all the above points & then to work out what your borrowing capacity is & what will be affordable – now sometimes this isn’t what a client wants to hear, nevertheless we have a duty of care to make sure you’re not stretching things financially. This can sometimes be a difficult discussion as a client can sometimes desperately want to buy a house & is adamant they can afford it, but as advisers we have to be cautious & look at what might happen in the future & determine that, if things change with interest rates would it remain affordable at that point because we never want to see a client in financial difficulty.

    You see, there’s more to it than at first meets the eye, and it’s actually a very big financial decision that shouldn’t be taken lightly – which is why it always pays to have a chat with someone that knows what they’re on about.

    We are independent mortgage brokers covering Mansfield, Sutton-in-Ashfield & Chesterfield. If you need a mortgage broker in Mansfield, mortgage broker in Sutton-in-Ashfield or mortgage broker in Chesterfield we’re here to help.


    Frequently Asked Questions

    How much do mortgage advisors cost?

    The cost of the advice services offered by AP Mortgage Solutions depends on the complexity of the case and the amount of work involved in the application. We’ll discuss this during our first meeting, where you can inform us of the support and advice you need, and what stage you’re at. From this conversation, we’ll start to gather financial information such as your income and employment history, outgoings, commitments, credit history and what you’d like to achieve with your new mortgage.

    We will then make a recommendation to you based on this information and, if you’re happy to, we’ll get the mortgage credit checked and agreed in principle so you can start viewing properties knowing you can finance it in the correct way.

    Once you have chosen your ideal property, made an offer and had that offer accepted, we will organise our second meeting. This meeting will discuss what you’re signing up for and what documentation you need to provide to move the process forward.

    Our advice continues until the day you move in, so you’ll always receive that additional support as a first-time buyer. Our fees reflect this level of service and the level of experience and expertise our team possess. Get in touch with us for a more specific price guide or quote on our services.

    Which mortgage is ideal for first-time buyers?

    Choosing a mortgage is dependant on a lot of variables and on your individual financial situation. This includes, but is not restricted to, what type of mortgage you’d prefer, what you want your interest rate to be and how long to want it for, and how much you’re willing to pay per month. As a first-time buyer it’s therefore essential to get professional advice to ensure it is the correct mortgage product for you and what you’re looking to achieve.

    There are certain mortgages that are popular with many homeowners, including first-time buyers, and are often recommended by mortgage advisors. These include:

    • Fixed Rate Mortgages
    • Tracker Rate Mortgages
    • Discounted Rate Mortgages

    Again, the choice will rely on your financial situation and your individual needs. Whilst we can offer our advice and guidance, the final decision is up to you. You can learn more about the different types of mortgages by getting in touch with AP Mortgage Solutions.

    Are there additional fees I need to consider?

    The main additional fees that you’ll need to take into consideration as a first-time buyer are below. If you haven’t planned for these additional costs, you may struggle to acquire a mortgage:

    • Solicitor fees (can range from £900 to £1,500 depending on the services you need and the value of property you’re buying)
    • Stamp duty may be payable if you’re buying over £300,000 (as a first time buyer)
    • Lender arrangement fees (also known as booking fees, are often around £500 to £1,000 – although there are deals without these fees)
    • Mortgage Advisor fee (range between £299 – £599 depending on circumstances).
    • Mortgage Valuation fee (often mortgage deals come with free basic mortgage valuations – but some lenders do charge for mortgage valuations. More in-depth surveys can cost around £400 – £1,000)

    You will also need to consider the cost of insurance such as building & contents insurance and life, critical illness and income protection.

    Contact us today for more accurate estimates based on your circumstances.

    Should I get a mortgage through a bank or a mortgage broker?

    At AP Mortgage Solutions, we would strongly recommend acquiring a mortgage through a mortgage broker rather than a bank. The reason being is that brokers will have access to thousands of mortgage deals and often have connections with many mortgage providers who offer exclusive products available to brokers only. Banks and building societies will only offer their own products rather than scouring the entire market. You could therefore end up with a deal not suited to your financial situation, and a rate higher than you could get by looking at the rest of the market, by just approaching a bank or building society.

    Mortgage brokers also offer much more advice than banks do. They can offer support when it comes to solicitors, surveys, required documentation, insurance and protection policies. They are much more dedicated to keeping you informed and offering their expert advice on a variety of areas related to the process.

    In fact, over 75% of all mortgage applications in the UK are now arranged through mortgage brokers.

    What deposit will I need as a first-time buyer?

    The deposit needed to secure a mortgage as a first-time buyer depends on the property you’re buying and the mortgage lender. Currently, you can receive a maximum mortgage of 95%, meaning you’ll only need to save 5% of the property’s value as a deposit.

    However, many mortgage lenders tend to offer 90% mortgages, leaving you with a 10% deposit to save. Improving your credit score and reducing your outgoings can also help you receive a higher mortgage offer, so this is worth considering before you apply for a mortgage. Keep in mind that the more you save the more likely you’ll be offered a mortgage.

    It needs to be mentioned that the deposit isn’t the only thing a mortgage lender will consider. If you have a poor credit history and/or your debts represent a high percentage of your gross annual income, you might not be offered a mortgage. This is why we recommend mortgage advice before you start looking for properties, as we can help you organise your finances and increase your chances of securing a mortgage.