First Time Buyers

How much can I borrow? What will the repayments be? What fees do I need to pay? What if I don’t have a deposit?
Our advisors will talk you through the financial aspects of the buying process and provide you with advice from a comprehensive range of mortgages from across the market to find you the best mortgage 
suited to your circumstances. 

Deposit
Currently mortgage lenders will lend up to 95% of the value or purchase price, whichever is the lower. This means that you will be required to put 5% deposit down and the more deposit you can produce the better deal lenders will offer. 

Don’t worry if you can’t produce this size of deposit, Coombes & Wright Mortgage Solutions can look at alternative ways of getting you on the property ladder which include:

Shared Equity
Shared Ownership

How much can I borrow?
The majority of mortgage lenders will calculate how much they will lend based on affordability where they analyse your monthly income and expenditure. Coombes & Wright Mortgage Solutions can obtain an accurate borrowing figure based on your circumstances. 

Solicitor
Buying your first property is probably the first time many clients have ever needed a solicitor. Our advisors can provide you with a solicitor who offers very competitive legal fees when you arrange your mortgage with Coombes & Wright Mortgage Solutions. 

Buying a house is one of the most important purchases you will make. At Coombes & Wright Mortgage Solutions we know that buying a home for the first time can be an intimidating process with many questions needing answered...