First-Time Buyers
Buying your first home is exciting – but let’s be honest, it can also feel a bit scary. There’s a lot to think about… How big does my deposit need to be? What if my credit score isn’t perfect? What if I fill in something wrong?
That’s where we come in.
At K and H Mortgages, we’re here to make the whole experience smoother, clearer, and far less stressful. We know how much this moment means – it’s one of life’s biggest milestones – and we believe you should feel supported, not overwhelmed, every step of the way.
Your home may be repossessed if you do not keep up repayments on your mortgage.
First-time buyers
What is a first-time buyer mortgage?
If you’ve never bought a home before, you’re classed as a first-time buyer. A first-time buyer mortgage is simply a mortgage designed for people purchasing their first property.
In simple terms, it’s a loan that helps you buy your first home – you put down a deposit, and a lender covers the rest of the property’s price. You’ll then make monthly repayments, usually over a period of 5-40 years.
It works just like any other mortgage, but the key difference is that first-time buyers often have access to specific products or schemes that make it easier to get on the property ladder.
First-time buyers
Common worries
We completely understand that buying your first home can feel daunting. Common worries we hear include:
“Is my deposit big enough?”
“What if my credit score isn’t perfect?”
“I don’t understand all the jargon!”
“What if my application gets rejected?”
We’ve helped so many first-time buyers who felt the same way – nervous at first, but confident and excited by the end. Our job is to make sure you feel informed, supported and in control at every stage.
First-time buyers
How we will help you
We know how many questions come up when you’re buying your first home. That’s why we make things simple, personal and fully supported from start to finish.
Here’s what to expect when you work with us:
Agreement in principle
We’ll arrange this for you so you can start viewing properties confidently. It shows sellers you’re serious and gives you a clear idea of your price range.
Finding the right mortgage
We search from a comprehensive panel that represents the whole of the market, so you’re not limited to one bank’s offers.
Application and coordination
We handle all the paperwork and liaise directly with your lender, solicitor, and surveyor - keeping everything moving smoothly.
Completion and beyond
We’ll be in touch right up until you get your keys (and after). Most mortgages complete in around 6–12 weeks, and we’ll make sure you always know what’s happening.
First-time Buyers
First-time buyer schemes and options
There are several routes available to help first-time buyers get on the property ladder. We’ll explain what you’re eligible for and guide you to the best option for your circumstances.
Shared ownership
Buy a share of a property and pay rent on the rest. Ideal if you have a smaller deposit.
Right to Buy
If you’re a council tenant, you may be able to buy your home at a discounted price.
Help to Buy
This scheme has now ended, but there are still other options available – we’ll talk you through what’s possible.
First-time Buyers
What you need to know
There are several routes available to help first-time buyers get on the property ladder. We’ll explain what you’re eligible for and guide you to the best option for your circumstances.
Typical costs to budget for
Here’s a quick rundown of what most first-time buyers will need to plan for:
Deposit – usually between 5–10% of the property price
Valuation or survey – to check the property’s condition and value
Legal fees – your solicitor’s costs for handling the paperwork
Mortgage advice fee – we’ll explain this clearly before you begin
Our fee: All mortgage advice is free, but our fee of £400 will become payable on submission of an application to a lender.
How long does it take?
Every mortgage journey is different, but on average things complete within 6–12 weeks once your offer has been accepted.
Important information:
Your home may be repossessed if you do not keep up repayments on your mortgage.
First-time Buyers
Why work with us
Working with us gives you access to a wider range of lenders and products – not just one bank’s options. That means better chances of finding the right fit for your circumstances.
At K and H Mortgages, we are:
- Real people who care. We who understand what it’s like to make big life decisions – and we care deeply about helping you feel confident every step of the way.
Not going to confuse you with jargon. Everything is explained in plain English.
Not held to massive sales targets. We’re here to help you, not hit quotas.
Ready to start your mortgage journey with us?
Book a free chat with us today and we’ll help you take the first confident step toward your new home.