First Time Buyers

For those getting their foot on the Property Ladder.

Book a Callback with one of our Expert Mortgage Brokers

A Guide to Mortgages for First Time Buyers

When you’re looking to buy a house there’s 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 gives 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 expert. 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 Expert 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 Solutions expert

Step 2 – Find Your Dream Home

This is the fun part. Get yourself out there and view as many properties as you can…
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 – Apply for your Mortgage

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 expert will send off all your documents to the lender for them to review

Step 4 – Mortgage Offer

The importance of crossing the i’s and dotting 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 you’re 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!

Mortgage Types

Discover more about the different Mortgage types which AL Mortgage Solutions can offer.

First Time Buyers

For those getting their foot on the property ladder.

Read more

Moving Home

We have some fantastic deals for movers.

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You could save thousands with our exclusive deals.

Read more

Buy to Let

For those wanting to rent out their new property.

Read more

Get your Free Initial Consultation

You can get a Free Initial Consultation with one of our qualified Mortgage Advisors. Just book a callback today!


AL Mortgage Solutions Ltd
35 Eccleston Street, Prescot, L34 5QA

0151 459 9826