Mortgages for First-Time Buyers

B Mortgage Services Gloucester

Here at B Mortgages, we’d feel privileged to be able to help you on a journey as special as buying your first home. With several decades of experience between them, our mortgage advisers are the perfect choice to help get you onto the ladder.

Passionate, dedicated and friendly, they’ll ensure your first purchase goes as smoothly as possible; from finding The One, all the way to collecting the keys.

Mortgages for First time buyers

B Mortgage Services Gloucester

Fees explained

While a deposit is important, it’s not the only cost you’ll have to bear when you buy a home. Your mortgage adviser will be able to explain all the different fees to be aware of, such as legal and conveyancing costs.

B Mortgage Services Gloucester

Finding the best deal

We exist to find you a brilliant deal on your first-ever mortgage. We have a broad range of experience working with all types of lenders. Take away the stress of trawling through comparison sites and leave the searching to us.

B Mortgage Services Gloucester

Help at every stage

Buying a property can be daunting at any time in your life, not least the first time. Our mortgage experts can help you navigate every stage of the home-buying process, so there’s no need to worry that you haven’t done it before.

Ready to get on the ladder?

Enquire with us today.

The Mortgage Process

As a first-time buyer, you might not be aware of the property purchasing process. Don’t worry! We’ve broken down the main steps for you below:

Speak to one of our mortgage experts

You can be sure that our specialist Mortgage Advisers will always:

Listen carefully to your mortgage requirements

Search the whole market to find the most cost-effective product

Be there to answer any questions you may have

Visit you at a time and a place that’s most convenient to you

Provide a service in which you can have total confidence

First-time buyer enquiry

Please fill in the form below and one of our Mortgage experts will be in touch.

i.e best time of day to call you

Frequently Asked Questions

A mortgage is a loan taken out for a number of years, the length of time being called a ‘term’. Mortgage terms can be anywhere between 5 and 40 years.

A deposit of at least 5% of the property value is usually required when taking out a mortgage. Typically speaking, the higher your deposit, the lower your monthly repayments will be.

The lender providing you the mortgage will secure your loan against the property. This means your home can be repossessed if you do not keep up with repayments.

There are many different types of mortgages: fixed rate, standard variable rate, interest-only and repayment mortgage are a few of the terms you might hear. A broker will usually be able to advise on the best type of mortgage for your circumstances.

Interest rates will normally be fixed at an introductory rate when you first take out your mortgage. After this period has passed you may be put onto your lender’s higher standard variable rate. You then might want to consider remortgaging to take advantage of lower introductory offers from new lenders or switch to a new product with your existing lender.

Yes, your credit score will be checked if you’re applying for a mortgage. If you don’t know your credit score you can check it online on a free site before applying. If your score is fair or low, talk to your mortgage adviser about how you can improve your rating.

Guides related to first-time buyers

Your home may be repossessed if you do not keep up repayments on your mortgage.