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Buying your first home is a pretty momentous occasion. But as exciting as this big step is, making such an important investment – and commitment – can be daunting, too.
Maybe you’ve already seen your perfect property, or you’ve just started thinking about buying your first home – wherever you are in the process, discovering how much you can borrow can be a real game changer.
In fact, the sooner you find out how much you can spend, the sooner you can make an offer on your dream home and begin the negotiations.
But before we get to that stage you’ll first need to have an Agreement in Principle, which gives you an indication of how much you can borrow. Most estate agents need to see this to ensure that you are a serious buyer, and we can help you organise one.
A mortgage is likely to be the biggest financial commitment you’ll ever make, so getting the best deal is crucial.
There are thousands of mortgages out there. First-time buyers often have the pick of the crop with many banks and building societies offering tempting special deals and incentives like cash backs (which can be used to reduce the amount of interest that would accrue), lower fees or a contribution towards your legal costs. It can get really confusing to know who to go with.
So when you come to Bower we will search a comprehensive range of mortgages on your behalf to find the most competitive and suitable mortgage deals for your individual circumstances.
Whether you’re looking for a standard mortgage, Starter Home or Shared Ownership scheme, our specialists are here to help you get your foot on the property ladder.
We also know which big name brands and smaller independent building societies offer more flexible application processes, so we may be able to improve your chances of being accepted.
This is the question! Our free online calculator can give you an estimate of the amount you can borrow based on your deposit and annual income. It’s a good indicator, but the mortgage product you finally select will ultimately decide how much you can borrow, so exploring all your options and making the right decision is paramount.
Just get in touch with the mortgage experts at Bower to find out more and see how we can help get the right mortgage for you