First Time Buyer

Loan amount.

Traditional methods of calculating loan amounts use income multiples to determine how much you can borrow.

However, many lenders are switching to an affordability model which means it is possible to obtain a higher loan amount for any given income.

There are lenders who offer products specifically aimed at first time buyers such as guarantor mortgages and shared ownership mortgages.

Unfortunately, it has now become more difficult to take the first step towards owning your first home. Which is why more than ever you need expert guidance from our advisers who will ensure you understand the options available to you.

We have access to thousands of mortgages from the whole of the market which means we are able to offer you a wide range of first time buyer mortgages with features such as:

• Cash back mortgages.

• Help with costs and fees.

• Ability to accept family gifted deposits.

• Clients with adverse credit considered

• Guarantor mortgages.

• Mortgages for professionals.

• Shared ownership schemes.

Whatever your mortgage requirements, we're certain we can find the right mortgage for you. So if you have found your ideal home and need help reaching that all important first rung of the property ladder, talk to us today!

What can we offer you?

• We will review your circumstances and help you determine how much you can borrow.
• Discuss the various mortgage options available to you and help you make the important decisions.
• Guide you through the mortgage process ensuring you understand your mortgage.
• Make sure the application process goes smoothly.
• Advise on how to ensure that you are properly protected when purchasing your first home.

To find out how much you can borrow and how much it will cost you, please contact us for a no obligation consultation

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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

We offer all our clients a free initial consultation after which a non refundable commitment fee of £95 will be charged with a further £250 payable on completion based on individual client circumstances. We also offer a fee only option whereby we charge a 2% broker fee on the amount borrowed and any commission derived from the lender is rebated back to the client.

The overall cost for comparison is 7.9% APR

Riverside Mortgages Ltd is registered in England and Wales. Registration Number: 5978086