First Time Buyers

  • Buying your first home is one of life’s biggest financial milestones — and it can feel exciting and overwhelming at the same time. At J Finance, we specialise in helping first-time buyers across the UK navigate the mortgage process with expert, jargon-free advice and tailored solutions.

    Whether you’re just starting to think about saving for a deposit, or you’ve already found a property you love, we’re here to make your journey to homeownership clear, calm and well-informed — every step of the way.

  • Choosing the right mortgage adviser can make a huge difference to your experience as a first-time buyer. When you work with J Finance, you benefit from:

    Personalised mortgage advice tailored to your circumstances, goals and future plans

    Access to a wide range of lenders and mortgage products, including options not always available directly from high-street banks

    Support with first-time buyer schemes, including Shared Ownership and other initiatives designed to help buyers get on the property ladder

    Clear explanations and ongoing support, from your first enquiry through to completion and beyond

    We take the time to ensure you fully understand your mortgage options, affordability, and long-term commitments, helping you make confident and informed decisions.

  • The amount you can borrow as a first-time buyer depends on several factors, including:

    • Your income and regular outgoings

    • Your credit history and financial commitments

    • The size of your deposit

    • Lender affordability and lending criteria

    Most lenders calculate borrowing based on a multiple of your income, alongside detailed affordability assessments. Many have more generous calculations for First Time Buyers.

    Our advisers will help you understand what is realistic and sustainable for your situation.

  • Deposit Requirements

    Most first-time buyers will need a minimum deposit of 5–10% of the property value. The size of your deposit can affect the mortgage rates available to you, with larger deposits often unlocking more competitive deals.

    Affordability and Credit History

    Lenders assess whether your mortgage will remain affordable, both now and in the future. A well-managed credit profile, stable income and sensible financial habits can all strengthen your application. We’ll guide you on how to prepare and improve your position where needed.

    Types of Mortgages Available

    There are several types of mortgages available to first-time buyers, including:

    • Fixed-rate mortgages, offering predictable monthly payments for a set period

    • Tracker mortgages, where the interest rate follows the Bank of England base rate

    • Variable rate mortgages, where the lender can change the rate at their discretion

    We explain the pros and cons of each option clearly, helping you choose a mortgage that fits both your budget and future plans.

    Additional Costs to Budget For

    In addition to your deposit, it’s important to budget for other costs, such as:

    • Stamp Duty (first-time buyer relief may apply)

    • Valuation and survey fees

    • Legal and conveyancing costs

    • Insurance and moving expenses

    Planning for these early can help avoid delays or unexpected stress later in the process.

  • We simplify the journey from your first conversation to collecting the keys:

    1. Initial Consultation

    We begin with a friendly, no-obligation discussion to understand your financial position, property goals and timescales.

    2. Affordability Assessment and Lender Matching

    We assess what you can realistically borrow and identify the lenders most suited to your circumstances.

    3. Mortgage in Principle

    A Mortgage in Principle gives an indication of how much you may be able to borrow and can help demonstrate credibility when making an offer on a property.

    4. Full Mortgage Application

    We handle the mortgage application on your behalf, liaising with the lender and keeping you updated throughout the process.

    5. Offer to Completion Support

    From receiving your mortgage offer to completion day, we support you through surveys, legal processes and final checks.

    • Check your credit report early and address any issues where possible

    • Keep your finances organised and avoid taking on new credit before applying

    • Prepare key documents such as payslips, bank statements and identification

    • Speak to a mortgage adviser early to set realistic expectations and timelines

  • At J Finance, we’re committed to making the first-time buyer experience simple, supportive and stress-free. Our advisers provide clear, independent advice and work with clients across the UK.

    If you’re ready to take your first step onto the property ladder, we’re here to help.

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