How much can I borrow?
A rough range based on your income, and what that could mean for your budget.
You'll enter
- Annual income
- Second applicant's income
- Deposit
Mortgages
First-time buyer mortgages in Uxbridge and West London
Deposits, affordability and each step explained before you commit.
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Chapter 01
The short answer on first-time buyer mortgages
Most first-time buyers need a deposit of at least 5% of the property price, plus money for legal fees and surveys. Lenders check your income, outgoings and credit history to decide how much you can borrow. An adviser compares lenders' criteria for you and manages the application through to completion.
Chapter 02
Your first-time buyer options
-
5–10% deposit
Fewer lenders and usually higher rates, but it can get you on the ladder sooner.
Discuss this option: 5–10% deposit -
15% deposit or more
Opens up more lenders and typically lower rates.
Discuss this option: 15% deposit or more -
Family-assisted
Gifted deposits, or products where family savings support the loan.
Discuss this option: Family-assisted
Chapter 03
How first-time buyer advice works
Step 1
Check affordability
We look at income, deposit and credit history, then get an agreement in principle.
Step 2
Make an offer
Once accepted, we recommend a mortgage and explain the costs in writing.
Step 3
Application and valuation
We submit your application; the lender values the property.
Step 4
Offer to completion
Your solicitor completes the legal work and you collect the keys.
Chapter 04
First-time buyer costs and risks
What to budget for
- Deposit
- Stamp Duty — first-time buyer relief may apply
- Solicitor or conveyancer fees
- Survey and valuation
- Lender product fees
- Our fee, if any — explained in writing first
Chapter 05
Run the numbers
Stamp Duty
Work out Stamp Duty in England and Northern Ireland, including first-time buyer relief.
You'll enter
- Property price
- Your situation
Personal protection
Life, income and critical illness cover, reviewed with your mortgage.
Explore protectionChapter 06
What first-time buyer clients say
As a first-time buyer, the mortgage process felt overwhelming at times, but Aditi made everything clear, straightforward and stress-free from start to finish.
From day one, Aditi went above and beyond to guide us through every single step.
She arranged the bank survey immediately and secured our Halifax mortgage approval in just 3 working days, which was incredible.
Show another review
As a first-time buyer, the mortgage process felt quite stressful and confusing at times, but Seema explained everything clearly and guided me step by step.
90+ lenders, including
Chapter 07
Questions about first-time buyer mortgages
Didn't find your answer? An adviser can help.
Request a callbackCan I get a mortgage with a 5% deposit?
Some lenders offer 95% mortgages. Rates are usually higher and criteria stricter, so we show how they compare with a 10% deposit.
What is an agreement in principle?
A lender’s indication of how much it may lend, based on a basic check. It helps show sellers you’re serious, but isn’t a guaranteed offer.
Can family help with my deposit?
Many lenders accept a gifted deposit with a signed gift letter. We’ll explain the options and what the lender will ask for.
Chapter 08
Talk to an adviser
Tell us a little about your plans and we'll call you back.
