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Providing individual mortgage advice; unique to you

Buying your first home can be a very exciting albeit daunting experience which is why it is important to get the right advice at the very start. There are many different mortgage products to choose from so it is important to get the solution that best meets your needs.

To help you to make the right decision we have put together our Top Tips for first time buyers:

  • How much can I borrow?
    It is important to be realistic when working out how much you can spend on your new home. A budget planner will help to ensure your mortgage is affordable.
  • How much deposit will I need to put down?
    When choosing a mortgage, you can see which deals you might qualify for based on the size of the deposit you have by looking at what is known as the mortgage ‘loan to value’ (LTV). For example if you are looking to buy a property valued at £100,000 and have a £5,000 deposit you will be looking to borrow 95% of the property value. Typically the more deposit you have to put down the better the mortgage rates will be.
  • Have you considered any extra costs?
    Even a newly built house will require some sort of furnishings, whereas older properties may require extensive work, such as re-flooring, tiling or renewing the wiring. These should be considered alongside the purchase price, and fees such as conveyancing and stamp duty.
  • Know what to look for when viewing properties
    Always take an experienced home buyer with you when viewing properties as there may be important details you could be missing out on.
  • Household Budgets
    If you have been used to living at home with your parents, remember to budget for expenses such as council tax, gas and electricity bills, boiler servicing, and other home repairs.
  • Council Tax Charges
    Make sure you know what the likely council tax charge will be in your new property. The selling agent should be able to tell you what tax band the house you are interested in buying is in, and how the charges are levied by your local authority.

Remember a mortgage is a long term commitment and there are lots of different products available, so it is important you get the right solution for you.

Call our experts today for more information.

What do our customers say?

We pride ourselves on our customer service and we’re always on hand to guide you. See what our customers say:

Chris's help was invaluable, he was honest and open throughout the process. He gave me and my partner (first time buyers and clueless) a really easy to understand and comprehensive breakdown of not only how mortgages work but the buying process too, and also helped us with home insurance and life insurance too. He understood exactly how to help us and was never too pushy and always approachable. Without Chris's help I don't think we would have bought a house yet!

Tom & Vicki - Leeds

Chris came to our home to meet us, understand our circumstances and take lots of information from us. Chris then looked at all the options available to us, discussed each option to ensure we were fully aware of the pros and cons of each, and then worked with us to ensure we had the right option when we had found a house. Chris was always available should we have any queries outside our formal meetings, was extremely knowledgeable, helpful and supportive throughout the process.

Liz & Ben - Leeds

Chris helped us from beginning to end. From the first meeting having discussed our options it was "Go go go!" which is exactly what we wanted. Chris is down to earth and honest and realistic with what we had to do and what we needed. We could tell from the first meeting with Chris that he genuinely wanted to see us succeed in being a first time buyer, and that this wasn't just a job. He is passionate in wanting to help.

Donna & Lee - Leeds

Thanks for sorting out my mortgage and protection, I can't believe I'm finally in after all the obstacles we (you!) had to overcome. Thanks again.

Lauren - Cheshire

We finally got the keys on Friday!! Just wanted to say thank you for all your help, we appreciate it all. Couldn't have done it without you!

Donna & Lee -

We have used BR Needham Financial Services for our last 3 mortgages - this latest one was the most complicated due to our changing circumstances and particular requirements. Chris took time to understand our needs and objectives, before recommending a solution that we would have never thought of. We managed to secure a fantastic rate which saves us a substantial amount each month. Will continue to recommend and use next time!

N & P King - Lancashire

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