Mortgage Advice
We compare products from a limited panel of lenders (not the whole market).
First-Time Buyer
Buying your first home is a significant milestone, and it can feel both exciting and challenging. At CHFinance, we provide regulated mortgage advice to guide you through the process. We will help you understand your options, prepare your finances, and choose a mortgage that is suitable and affordable for your unique circumstances. Our goal is to provide clear information, practical support, and personalised recommendations, empowering you to move forward with confidence.
Who Counts as a First-Time Buyer?
Understanding your status is key, as it can affect available schemes and mortgage products. Definitions can vary by lender and scheme. For example, SDLT first-time buyer relief requires you to intend to live in the home as your main residence.
We will help you understand how lenders and schemes define first-time buyer status and what evidence may be needed.
Some lenders will consider first-time buyers for buy-to-let, but first-time buyer schemes and tax reliefs may not apply.
How We Can Support You
Understanding Your Options
We will explain what being a first-time buyer means in practice, including how it affects deposit requirements, affordability assessments, and access to specific mortgage products or government schemes.
Regulated Mortgage Advice
- Thorough assessment of income, outgoings, and deposit to determine real affordability.
- Comparing suitable products from our limited panel of lenders.
- Advice on repayment methods, rate types, and mortgage terms.
Credit Profile & Readiness
Your credit history significantly influences available rates. We can offer general guidance on good practices:
- Accuracy of personal details across accounts.
- Electoral roll registration.
- Managing existing credit responsibly.
Guiding You Through
- Outlining steps from Agreement in Principle to completion.
- Highlighting the importance of surveys and inspections.
- Helping prepare necessary documents (income proof, bank statements, etc.).
Our Approach
We offer personal, regulated mortgage advice tailored specifically to your journey as a first-time buyer. We take the time to understand your unique circumstances, plans, and priorities. Our approach is supportive and clear as we explain complex information in plain language. The final decision is always yours, but you will have professional advice to support you.
Important Information
CHFinance provides regulated mortgage advice for first-time buyers. We are an Appointed Representative of Clarke Hendrik Group Ltd, which is authorised and regulated by the Financial Conduct Authority. We will:
- Assess your needs, circumstances, and preferences.
- Recommend suitable mortgage products from the range we are able to access.
- Explain the features, benefits, and risks of the options we recommend.
Remember: Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. If you also have broader debt or money worries, we may suggest speaking to free, impartial services such as StepChange, MoneyHelper, or Citizens Advice alongside your mortgage advice, ensuring you receive comprehensive support for both your mortgage plans and your wider finances.