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First-time buyer mortgages

Two first buyers unpacking in their new home

Looking to buy your first home? Taking a step onto the property ladder is an exciting prospect, and Mortgage Advice Bureau could help by providing you with award-winning mortgage advice.

Understanding first-time buyer mortgages

First-time buyer mortgages are specifically designed for those who are taking out a mortgage to purchase their first home.

To be classed as a first-time buyer, you (and any joint borrowers) must have never owned a property. For example, if you’ve never purchased a home but you’re buying with a partner who previously owned property, then you may not be classed as first-time buyers.

Buying your first home is an exciting time, but finding the right mortgage may feel a little daunting. If you've saved up a deposit, it's time to explore your options.

How the Marsden and Mortgage Advice Bureau can help

While we don’t offer mortgages directly to new customers, Mortgage Advice Bureau provides expert mortgage advice and could help you find the right first-time buyer solution for your circumstances.

Call 0808 501 2740 and an adviser will talk you through the next steps. Alternatively, fill in the contact form below and an adviser will be in touch.

There may be a cost to mortgage advice. The amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed. Your adviser will talk you through any costs involved with the advice that will be provided.

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How it works

1. Fill in the Mortgage Advice Bureau contact form to arrange a callback

  1. 2. A qualified adviser will contact you to discuss your request and any associated costs for mortgage advice

    3. The advisor will assess your needs and explore your options

    4. You can decide how to proceed with the advice received

Frequently asked questions

First-time buyer mortgages are specifically designed for those who are taking out a mortgage to purchase their first home.

To be classed as a first-time buyer, you (and any joint borrowers) must have never owned a property. For example, if you’ve never purchased a home but you’re buying with a partner who previously owned property, then you would not be classed as first-time buyers.

If you've found a home, it's time to apply for a mortgage. Mortgage Advice Bureau have a wealth of knowledge and experience in helping first-time buyers with their mortgage journey.

If you're ready to take out your first mortgage, it’s important to ensure you’re in good financial shape. You should consider current loans and debts, on-time repayments, stable employment, savings and credit rating.

Additionally, you should ensure you’re on the electoral register, as this can help improve your credit score and serves as credible evidence of your name and address.

A mortgage advisor will be able to provide advice and guidance on this.

Before you start looking for your first home, you'll need to find out how much you could borrow. This will give you an idea of the properties you may be able to afford. You can then start looking for your first home. To find out how much you may be eligible to borrow, contact Mortgage Advice Bureau and speak with an advisor.

Mortgage advisors will try and answer any questions you have about your first-time buyer mortgage. Some questions that could be useful are 'how much deposit will I need?', 'what will my monthly repayments be?', ‘what documents do I need to provide?’ and ‘what interest rate can I expect?’

Complete the Mortgage Advice Bureau contact form, and a mortgage advisor will be in touch to discuss your options.

Mortgages can sound confusing so we've pulled together a guide to mortgage jargon to help you navigate the most common terms and phrases used. Visit our 'Mortgage jargon' page to find out more.

Mortgage Advice Bureau have access to thousands of products from over 90 different lenders. This means they're able to support a wide range of borrowers with different needs and requirements. You can view some of the different types of mortgages they can help with on our 'New mortgage customer' page, or call Mortgage Advice Bureau on 0808 501 2740 to talk to an adviser.

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

Mortgage Advice Bureau

Marsden Building Society is an introducer to Mortgage Advice Bureau for mortgage advice and protection. 

Mortgage Advice Bureau is a trading name of Farrell Heyworth Mortgages & Protection Limited which is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority.

Farrell Heyworth Mortgages & Protection Limited. Registered Office: The Pavilion, Church Street, Covell Cross Lancaster LA1 1EX Registered in England Number: 6264361

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