Mortgages for First Time Buyers

The prospect of buying your first home could be both daunting and confusing. Our aim is to guide you through the process from start to finish so that you understand exactly what the purchase entails and how much it will cost.

The mortgage market changes all the time, not just in terms of mortgage deals and regulations but also in the way lenders assess loan applications.

Some of the changes have been in the way mortgage lenders assess the suitability of all clients for the different types of loans on offer. They base this decision on a variety of factors, primarily:

  1. The property – type, condition, access and location
  2. Employment status – amount and frequency of income (and time in your current role)
  3. Financial commitments – current and future (and your history of managing credit).

There is now more focus on affordability and expenditure. This is very different from the traditional approach of simply multiplying your annual personal (or rental) income by a pre-set multiple to obtain a maximum lending amount.
We pride ourselves on being up to date with regulation, legislation, and the economic market.
We understand your needs, match them to the requirements of lenders, and protect you and your dependants once you have bought your property.
This way, we help you save time and money in the new world of mortgage advice.

Getting on the ladder

A significant advantage to being a first-time buyer is that there is no chain, making a first-time buyer more appealing to sellers.
As we have access to many lenders, we are well-placed to assist you

!

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

How We Can Help.

See below for the services we offer

Equity Release

If you're over the age of 55, equity release offers you a way to use the value of your home to raise money.

Protection

There are events we can all face that have the potential to wreck lives and families. It’s a difficult issue to think about, but imagine the...

Mortgages

Mortgages are loans which are intended to help buyers purchase residential property. When you take out a loan, the lender charges interest: the...

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01442 400550
 

01442 400550
45C St. Johns Road,
Hemel Hempstead HP1 1QQ.

info@tudormortgages.co.uk