Skip to main content

MENU
  • Home
  • About Us
  • Our Advisers
  • Treating Customers Fairly
  • Testimonials
  • Privacy Policy
    • Cookie Policy
  • Contact Us
  • Wealth Management
    • Wealth Management
    • Introduction to Wealth Management
    • Lasting Power of Attorney
    • Relationship Management
    • Trust Information
    • Wills
  • Business Insurance
    • Business Insurance
    • Introduction to Business Insurance
    • Directors' & Staff Benefits
    • Employers' Liability
    • Income Protection
    • Key Person
    • Pensions & Capital
    • Professional Indemnity
    • Share Protection
  • Equity Release
    • Equity Release
    • Introduction to Equity Release
    • Types of Equity Release
    • Drawdown Lifetime Mortgage
    • Home Income Plan
    • Home Reversion Plan
    • Lifetime Mortgage
    • Costs
  • Financial Planning
    • Financial Planning
    • Introduction to Financial Planning
  • General Insurance
    • General Insurance
    • Introduction to General Insurance
    • ASU
    • Redundancy / Unemployment
  • Health Insurance
    • Health Insurance
    • Introduction to Health Insurance
    • Critical Illness
    • Income Protection
    • Private Medical
  • Life Assurance
    • Life Assurance
    • Introduction to Life Assurance
    • Family Income Benefit
    • Investment Linked
    • Whole of Life
    • Relevant Life Cover
  • Mortgages
    • Mortgages
    • Introduction To Mortgages
    • 1st Time Buyer
    • Buy to Let
    • Interest Only
    • Remortgaging
    • Repayment
  • Pensions
    • Pensions
    • Retirement Planning
    • Occupational Pensions / Auto Enrolment
    • Income Drawdown / Unsecured Pension
    • Annuities
    • Executive Pension Plan
    • National Employment Savings Trust (NEST)
    • Personal
    • Stakeholder
    • State Pension
    • SIPP
    • SSAS
  • Savings & Investments
    • Savings & Investments
    • Introduction to Savings & Investments
    • Capital Investment Bonds
    • Collectives
    • Equities
    • Fixed Interest Investments
    • ISAs
    • Investment Trusts
    • Junior ISAs
    • National Savings Products
    • OEICs
    • Offshore Collectives
    • Unit Trusts
    • With-profits
  • Taxation
    • Taxation
    • Introduction to Taxation
    • Income Tax
    • Inheritance Tax
    • Capital Gains Tax
  • TB Personal Finance Portal
  • Financial Calculators
    • Financial Calculators
    • Mortgage
    • Single Investment
    • Monthly Investment
    • Annual Investment
  • Buy Online
  • Market Data
  • My Portfolio
  • Research Links
  • Professional Connections
  • Wealth Management
    • Introduction to Wealth Management
    • Lasting Power of Attorney
    • Relationship Management
    • Trust Information
    • Wills
  • Business Insurance
    • Introduction to Business Insurance
    • Directors' & Staff Benefits
    • Employers' Liability
    • Income Protection
    • Key Person
    • Pensions & Capital
    • Professional Indemnity
    • Share Protection
  • Equity Release
    • Introduction to Equity Release
    • Types of Equity Release
    • Drawdown Lifetime Mortgage
    • Home Income Plan
    • Home Reversion Plan
    • Lifetime Mortgage
    • Costs
  • Financial Planning
    • Introduction to Financial Planning
  • General Insurance
    • Introduction to General Insurance
    • ASU
    • Redundancy / Unemployment
  • Health Insurance
    • Introduction to Health Insurance
    • Critical Illness
    • Income Protection
    • Private Medical
  • Life Assurance
    • Introduction to Life Assurance
    • Family Income Benefit
    • Investment Linked
    • Whole of Life
    • Relevant Life Cover
  • Mortgages
    • Introduction To Mortgages
    • 1st Time Buyer
    • Buy to Let
    • Interest Only
    • Remortgaging
    • Repayment
  • Pensions
    • Retirement Planning
    • Occupational Pensions / Auto Enrolment
    • Income Drawdown / Unsecured Pension
    • Annuities
    • Executive Pension Plan
    • National Employment Savings Trust (NEST)
    • Personal
    • Stakeholder
    • State Pension
    • SIPP
    • SSAS
  • Savings & Investments
    • Introduction to Savings & Investments
    • Capital Investment Bonds
    • Collectives
    • Equities
    • Fixed Interest Investments
    • ISAs
    • Investment Trusts
    • Junior ISAs
    • National Savings Products
    • OEICs
    • Offshore Collectives
    • Unit Trusts
    • With-profits
  • Taxation
    • Introduction to Taxation
    • Income Tax
    • Inheritance Tax
    • Capital Gains Tax
  • TB Personal Finance Portal
  • Financial Calculators
    • Mortgage
    • Single Investment
    • Monthly Investment
    • Annual Investment
  • Buy Online
  • Market Data
  • My Portfolio
  • Research Links
  • Professional Connections
Call Us Now 01799 525407 Send Us An Enquiry
  • Home
  • First Time Buyer

First Time Buyer

Mortgages for First Time Buyers

The prospect of buying your first home could be both daunting and confusing. Our aim is to guide you through the transaction from start to finish so that you understand exactly what the purchase entails and how much it will cost. We can recommend the services of local solicitors to assist in this process. This maybe the largest financial transaction you are ever likely to make so it must be done with clarity.

Prior to the credit crunch, the property market moved very fast which led to significant increases in property prices. This made it very difficult for many people to afford to buy a home, particularly for first time buyers.

The credit crunch of 2007 saw property prices drop considerably in many regions of the UK, making housing more affordable. However, since the 4th quarter of 2013, we have seen an improvement in the housing market and house prices have started to rise again.

Getting on the property

As we have access to many lenders we are well placed to assist you, however these days it is a necessity to provide a substantial deposit in order to get a mortgage (although there are a number of 95 per cent mortgage deals around), and you may be eligible for further assistance from the Help to Buy Scheme.

Help to Buy Scheme

Help to Buy: Equity Loan 2021 -2023
In April 2013, the Government rolled out the first phase of a new Help to Buy scheme, which offeres equity loans to first time buyers (as well as existing homeowners) by providing borrowers with a loan for 20% of the property value. This scheme applied to new build properties only, and with the purchaser being required to put down as little as 5% as a deposit, a mortgage of only 75% would be needed from a lender.

 This scheme is available in England only until 2020. Different variations to the Help to Buy scheme apply in Wales and Scotland. For more details visit the government website.

A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
TAX PLANNING ADVICE IS NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

Company address: TB Asset Management, Cambridge House, 16 High Street, Saffron Walden, Essex, CB10 1AX
T: 01799 525407 F: 01799 516355 Email: info@tbassetmanagement.co.uk

TB Asset Management is a trading style of ADMS Asset Management Ltd. ADMS Asset Management Ltd is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (www.fca.org.uk/register) under reference 569871.

Registered in England. Company No 7781731. Directors: David Smith and Andrew McKay

Registered address: Cambridge House, 16 High Street, Saffron Walden, Essex CB10 1AX
Tel: 01799 525407 - Fax: 01799 516355 - Email: info@tbassetmanagement.co.uk

The information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.

Where you have a complaint or dispute with us and we are unable to resolve this to your satisfaction then we may be obliged to offer you the Financial Ombudsman Service to help resolve this. Please see the following link for further details: http://financial-ombudsman.org.uk

© Copyright 2022 Adviser Pro. All Rights Reserved.

Design and Development by Adviser Pro