Mortgages for First Time Buyers
We are a local Liverpool based Mortgage Broker with full access to the whole market and exlusive low rate offers from all the major lenders. If you’re looking for first home then we can help you get the best mortgage.
Book a Free Consultation with one of our Expert Mortgage Brokers
Mortgage guide for first time buyers
When you’re looking to buy a house there are some fundamental things you need to consider. It can also be an extremely long-winded process, from when you start looking at houses, to when you’re finally in your new home.
The following 6 steps walk you through the whole process and give you some helpful hints and tips along the way. Remember there can be other complications through the process and that’s why it’s so important to use an experienced mortgage broker. We don’t only help with your mortgage but we will help with everything else too.
Step 1 - Investigate your options
Speak with a Mortgage Broker to find out:
What are the costs of moving or buying?
How much you can borrow?
How much you can buy for?
How much your monthly repayments will be?
Get an Agreement In Principle from your AL Mortgage Broker.
Step 2 - Find Your Dream Home
Arrange viewings with Estate Agents
Negotiate on the property (don’t forget to start low. You can always go up but you can’t come down)
Agree a deal with the seller
Step 3 - Time to Apply
We will give you advice and submit all the applications on your behalf.
Apply for your mortgage and protection
Instruct your solicitors – we can help put you in touch with a local solicitor we work closely with to ensure everything runs smoothly
Your Mortgage Broker will send off all your documents to the lender for them to review
Step 4 – Mortgage Offer
The importance of dotting the i’s and crossing the t’s. Make sure there isn’t a stone left unturned. Once your survey has come back and documents accepted form the lender, a full mortgage offer will be produced
We will review your mortgage and protection arrangements with you to make sure you’re happy with everything.
Step 5 - Exchange Contracts
This is a vital part of the process and it’s all legally binding. We will help you get to this period as quickly as possible.
Before you exchange you’ll need to sign a mortgage deed, a contract and a transfer of equity form
This is when your deposit is lodged with the solicitors and it becomes legally binding… Time to relax!
Step 6 - Completion
This is the most existing part of the process… Time to take the first walk in your lovely new home!
This will usually happen a week or so after exchange however, it might be longer depending on others in the chain or if it’s a new build
Time to pick up the keys, put the kettle on and have a cuppa in your new home!
Our Mortgage Products
Read more about the different Mortgage products we can offer.
Moving Home
A stressful time for buyers and sellers, AL Mortgage Solutions take the stress away from the Mortgage aspect of moving home.
Remortgaging
If you are approaching the end of your fixed term or simply just want to switch your mortgage for the best rate, we can help you.
Buy To Let
A Personal, hassle free aprocess.
“We know the stress and hassle surrounding buying a new home, retmortgaging your existing home or making your first step onto the property ladder. Our team do everything we can to take that stress away to help you enjoy your new home.
With a personal approach for each of our customers with your own dedicated mortgage broker to answer any of your questions and provide you with the support to ensure a seamless Mortgage application and funding process. “
What our Customers Say
Don’t just take our word for it, read what our fantastic customers have to say about their experience with AL Mortgage Solutions.
