Buying your first home is both an exciting and scary time. We’re here to help guide you through the process and find the right first-time buyer mortgage for you.
Weekend and evening availability
We have appointments available at weekends and in the evenings, so that you can book in a time that suits you.
Free mortgage advice
Our expert mortgage advice is free. Our advisors will guide you through every step of the way and will do the application paperwork, so there’s one less thing for you to worry about.
Right deal for you
We have access to over 12,000 products from over 90 lenders, ensuring that we find the right deal for you. Our advice is always unbiased and free from fees.
1. Calculate your mortage
Borrow up to
This means a home worth
Paying fees to your broker?
Save up to £500 pounds with Mashroom's free mortgage advice
2. See mortgages you are eligible for
Your results are an estimate and should not be considered as a mortgage quote. You may have to pay an early repayment charge to your existing lender if you remortgage.
Here's how it works
Book a call
As a first-time buyer, things can feel a little daunting. Book in a free call and we'll talk you through what to expect. We're by your side every step of the way.
Discuss your options
Simply tell us a bit about you and the type of home you are wanting to buy. We have access to a large variety of mortgages, so you can be sure we'll find the right deal for you.
Secure your dream home
Our mortgage advisors will do the application paperwork for you so you don't have to worry. We'll keep you informed of any updates every step of the way, so you can be one step closer to securing your new home!
“As a 1st time buyer it's somewhat daunting but the team have been great explaining the process, listening to my needs as a client and flexible to changing circumstances. I've not felt pressed and am confident I’m in safe hands”
Frequently Asked Questions
Who qualifies for a first-time buyer mortgage?
If you are a single person who has never owned a property before, you will be classed as a first-time buyer. Similarly, if you are buying as a couple, your partner must have never bought a property to be classed as first-time buyers.
How much deposit do I need to save for a first-time buyer mortgage?
A first-time buyer is generally expected to put down a deposit of at least 10% of a property’s purchase price. However, the Mortgage Guarantee Scheme, launched on 1 April 2021, involves the government ‘guaranteeing’ 95% mortgages for buyers with 5% deposits. Get in touch with our friendly mortgage advisors by booking a call above.
Are first-time buyer mortgages available throughout the UK?
Yes, we have mortgage products that are available throughout the UK.
Which type of first-time buyer mortgage is best for me?
The right type of mortgage depends on a number of factors and personal circumstances. Our friendly mortgage advisors will be happy to guide you through this and ensure you are getting a mortgage that is right for you. Simply book in a call above.
How much can I borrow as a first-time buyer?
How much you can borrow as a first-time buyer depends on a number of factors. They will use your information to look at how much you can realistically afford. Mortgage providers look at:
Credit rating and credit history
Salary and any additional income
Your deposit amount
Use our affordability calculator above to see how much you could borrow. You can also book in a call with our friendly mortgage advisors who will help explain the process.
When should I apply for a first-time buyer mortgage?
Getting an ‘Agreement in Principle’ early can help you save time further down the line. An Agreement in Principle gives you a good idea of how much you could afford to buy. They are commitment free, so you are under no obligation to take the mortgage if you change your mind. We recommend getting an Agreement in Principle before you view properties as you will know what price you can afford and it shows sellers that you're serious about making an offer.
Your home may be repossessed if you do not keep up with repayments on your mortgage. Mashroom Mortgages is a trading name of Emash Ltd which is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. Emash Ltd. Registered Office: 21 Navigation Business Village Navigation Way, Ashton-On-Ribble, Preston, Lancashire, England, PR2 2YP. Registered in England Number: 11 735 831.