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Support for First Time Buyers
Get ready for the excitement of buying your first home! But before you dive in, it's crucial to grasp the essential elements for a successful mortgage application.
How much can you borrow? What fees will you pay, and when? How long does it all take? What documents will you need to provide? What is an Agreement in Principle?
Explore our Learning Centre now for exclusive tips and information to help kick-start your home buying journey.
Here for every step of your first time buyer journey
FIRST TIME BUYER RATES
Our team provide advice on the latest mortgage rates available.
Whether it’s the First Homes Scheme, Shared Ownership or a traditional purchase, we are here to help you.
Guidance on the funds needed to buy your first home and how an increased deposit will improve both lender options and the rates on offer.
WHOLE OF MARKET
This means we have access to a wide variety of mortgage products, for your benefit.
Getting the right help, first time, every time
Based in Reading, Beechwood Mortgages have been instrumental in helping first time buyers in Berkshire and the surrounding counties secure their mortgages since 2001, and we don’t plan on stopping anytime soon.
Our friendly team has one purpose; to provide honest, comprehensive advice on mortgages. With the guidance of our experts, we hope to give you the knowledge to make a decision you feel confident in, irrespective of your experience of the property market. We understand the importance of making the right choice when it comes to buying your first property, which is why our team works tirelessly to ensure the process is worry free for all aspiring homeowners.
Schemes available to first time buyers
Unlock the door to your future with a Lifetime ISA! This innovative savings opportunity was designed to help you reach two of life's major financial goals - buying your first home and preparing for retirement. For every contribution up to an annual set limit, the government rewards savers by offering 25% bonus payment based on their investments.
This enables people to purchase a share between 25% and 75% of an existing or new home. The property is typically purchased from a local housing association, then rent is charged for the percentage of the property not being purchased.
Right to Buy
This aims to support council tenants into property ownership. If you have at least three consecutive years’ tenancy, then you may be entitled to buy your home at a significant discount. Please consult with your mortgage adviser for full details and any other schemes which could help you purchase your first home.
The Mortgage Guarantee Scheme helps make buying a home more accessible for you The government has initiated this scheme to provide lenders with financial guarantees, so they can offer you mortgages up to 95% of the purchase price which must be £600,000 or less - all while ensuring affordability checks are met.
With the First Homes scheme, you can unlock unbeatable deals on your dream home. This government initiative offers an amazing opportunity to buy a house at up to 50% below average market value. The scheme allows you to purchase a newly-constructed property or previously owned property that was originally purchased as part of the First Homes scheme.
Deposit Unlock is an innovative UK-wide scheme designed to open up homeownership opportunities. By providing mortgage insurance for lenders, it allows eligible first-time buyers and existing owners to purchase a brand new home with just 5% deposit - making the dream of owning your own property more attainable than ever before.
How can Beechwood Mortgages help you?
Investing in property is a big step but one that can provide priceless rewards. To ensure you’re in the best situation to take the leap, our advisors can assess your current financial status before you make the commitment.
By managing the hard work for you, we want to make your first steps onto the property ladder smooth sailing. Choose Beechwood Mortgages for simple solutions and efficiency.
What does a mortgage adviser do?The world of mortgaging is complex. Especially when it comes to lending for Buy to Let and the like, it's crucial to research numerous lenders and take a more specialist approach to the process. A mortgage adviser will do the leg work for you, offering in-depth knowledge of the property lending market, helping you overcome challenges, and offering exclusive access to a database of banks and lenders. What's more, they offer a level of support that streamlines the entire process and makes things easier for you.
How can I get the best mortgage advice?You can seek advice on mortgages directly from lenders such as banks or building societies. Alternatively, you can go to a whole of market mortgage adviser or broker who will search and compare numerous products at the touch of a button.
Is mortgage advice free?The cost of mortgage advice depends on the terms and conditions of the adviser. Some mortgage advisers might charge for their services but this will usually depend on your requirements and on the value of your mortgage. We offer a free consultation every time and will quickly confirm if there will be any charge for our services and support. In the majority of cases, we will receive a commission from the lender once a mortgage starts. It’s important for you to clarify terms and conditions with mortgage advisers from the start so that you are aware of any charges and financial responsibilities you may incur. Check our Fees page for a full rundown on broker fees.
Do banks charge for mortgage advice?No, banks will not charge an advice fee. You do however need to remember that they will only recommend their own specific products. Whole of market mortgage advisers are more likely to provide an impartial perspective on the most suitable and competitive mortgage products and via a variety of lenders.
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