First-Time Buyer Mortgages

All the support you need with your first mortgage.

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Mortgage advice for First-Time Buyers

We will support you with your mortgage from the initial consultation until you move into your new home.

Mortgage help for First-Time Buyers

To purchase your property, we must first analyse your circumstances and requirements:

Your income(s), which can be more complicated if you are self-employed
Monthly outgoings and credit commitments
Credit history and which lenders are the most flexible
The type of property you wish to purchase
Costs involved: mortgage product fees, solicitor fees, stamp duty liabilities
The necessary insurance to ensure you and your family are fully protected

All of these considerations will be fully explained in our conversation with you right from the outset. From this point, the Fairview Financial independent status is more important than ever, to offer the right combination of mortgage, protection products, solicitors and home insurance tailored to you only. Fairview Financial will work tirelessly on your behalf to ensure that we secure the most cost-effective mortgage for your situation to enable you to purchase your first property.

We can advise on various schemes such as Deposit Unlock, Shared Ownership, Guarantor Mortgages, Joint Borrower Sole Proprietor mortgages. Fairview Financial are able to work by email, phone or in person to suit your needs and your busy lifestyle.

Why choose us?

Whole of market broker

We will research thousands of deals and over 90 lenders to find you the right mortgage

Independent mortgage advice

Our advice is tailored to your circumstances and requirements, always serving your best interests

5 star reviews

We provide honest and unbiased advice and our clients' feedback is a true testimony of that

Local broker

Your dedicated broker will be your point of contact through the entire mortgage process

Support from start to finish

Why choose Fairview Financial?

Based in Cheltenham Spa and working across the whole of the South West, we have a team of advisers that will work tirelessly to get you on the property ladder. We have helped numerous first-time buyers in Cheltenham and nearby areas such as: Gloucester, Stroud, Cirencester, Evesham, Worcester and many more.

At Fairview Financial we provide honest and unbiased mortgage advice and the positive feedback received from our clients is a true testimony of that. Using our specialist knowledge and many years’ experience, as well as access to the whole of the mortgage market, thousands of rate deals and many specialist lenders , we will find the right product for you – saving you time, money and stress.

As your mortgage broker we’ll also work with your mortgage lender, estate agent, solicitors and surveyor to ensure your purchase runs smoothly.

We understand you have a busy schedule so we are available for our clients in the evenings until 7.00 pm and every Saturday from 9.00 am to 1.00 pm. Because important things like mortgages don’t just happen 9 to 5! You can phone us, request a call back, send us an email or come and see us face to face. Either way you’ll receive a personal and professional response.

THINK CAREFULLY ABOUT SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.

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Making the mortgage process easier

Fairview Financial are here to make your first-time buy as smooth as possible via the following steps:

Initial discussion to cover your current situation and tell us about your plans and goals.
We search across the whole of the market for you, from over 90 lenders and thousands of mortgage deals, and make a recommendation to suit your needs and situation
We obtain an agreement with the desired mortgage provider and you are then free to place offers on properties.
Once you have an offer accepted we then submit the mortgage application and Fairview Financial will handle the whole mortgage process right up until you move in your new home.
It is vitally important to protect your new home and your mortgage. We offer expert advice on protection and home insurance, clearly explaining your options and helping you get the right cover.
We can also recommend conveyancing firms who will be able to provide the legal advice you will also need.

Your first mortgage journey step by step

Getting a mortgage doesn't have to be stressful, your dedicated adviser will be supporting you every step of the way. But how do mortgages work?

Getting an Agreement in Principle

You may be tempted to start looking at properties immediately - this is, after all, the fun part! In fact it is recommended that you start by contacting us first to find out if you can get a mortgage and how much you can afford to borrow. You will need to provide some basic documents (payslips, ID, bank statements mainly) for us and then we will review all of your options and help you determine the amount you can borrow. At this point we aim to help you arrange an Agreement in Principle (AIP), putting you in a much better position when you start to look for a property. Estate agents like AIPs because it shows them that you are a serious buyer who has already considered their financial situation.

Offering on Property

As soon as your offer has been accepted, get in touch again with us asap. We will then commence the mortgage application process for you, allowing you to focus on more enjoyable things...like furniture shopping.

Applying for the mortgage and lender’s underwriting

Your dedicated adviser will submit the fully packaged mortgage application with the chosen lender, who will then verify that the information provided is correct and review all your documents. During this process we will regularly communicate with the lender and yourself, to ensure all the requirements are satisfied and to keep you updated at all times. Whilst your documents are verified by the underwriter, the lender will also send out a valuer to check the property out. As soon as the lender is happy with all of these elements, your mortgage will be then agreed.

Receiving the mortgage offer

This is the 'Holy Grail'. All of our hard work is to obtain the mortgage offer. The offer is confirmation that your application has been meticulously checked and approved. This is sent out to you and your solicitor and we will also receive a copy and check it to make sure it is exactly as we expected.

Insurance and Property Survey

There are two additional factors which need to be addressed during the mortgage process. Firstly, it is vitally important to understand and talk through your insurance options. You legally have to arrange building insurance but we will also talk you through the other associated protection policies like life insurance and income protection to help ensure that you do not lose your home in the event of an unexpected life turn. Secondly, you may be inclined to arrange an independent valuation on your new property. This would usually be a homebuyers or structural survey depending on the age of the property as well as the recommendation from the surveyor too. We can help you arrange the survey and this would give you further reassurance that your proposed new home will not have any unexpected problems.

Conveyancing

After your mortgage is offered, the legal part of the process, known as conveyancing, will start (sometimes this may start before the mortgage is offered but usually is recommended to wait until you know you have been accepted). This is when the conveyancers organise the actual legal purchase of the property and during this time, our team will liaise with all the parties involved to keep you up to date.

Exchange and Completion

Once everything is in order and both sides are satisfied, your solicitor will exchange contracts with the seller’s solicitor. The purchase completes when the money is transferred, on the mutually agreed date. This is the big day, when you get the keys to your new home!

I can’t express enough how great these guys are! With an honest and down to earth team, they made the process of getting a mortgage as easy as it should be! Can’t imagine why I’d ever need a different mortgage advisor going forward.

Conor, Google review

What our clients say...

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Fairview Financial Ltd is an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority. Fairview Financial Ltd is registered in England and Wales no: 10912424. Registered office: 107 Promenade, Cheltenham, GL50 1NW.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

@ 2020 by Fairview Financial

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Our Fees

A fee may be charged for mortgage advice. The exact amount will depend on your circumstances.

Our standard fee for mortgages is £395 and this is paid when the mortgage is offered. We charge a fee of £295 First-Time Buyers. Other fees may apply depending on the complexity of the work involved or loan amount. The maximum fee we can charge is £795.

Our standard fee for Equity Release is £895 and this is paid on completion.

We also receive a commission from the lender that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed. If we receive a commission, this will not affect the cost payable by you.

THINK CAREFULLY ABOUT SECURING OTHER DEBTS AGAINST YOUR HOME.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.

BUY TO LET MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

EQUITY RELEASE: THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, PLEASE ASK FOR A PERSONALISED ILLUSTRATION. CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT ADVICE.