Residential Mortgages

Advice for buying your first home

Buying your first home is exciting but often daunting. Your home is the centre of your family life and a major asset but it’s also almost certain to be the biggest financial commitment you’ll ever make.

At Knight Frank Finance we use our experience and our access to the widest range of lenders including high street names and private banks to help you to find the mortgage that’s just right for you.

We’re ready to talk whenever you are but in the meanwhile, here are some points that you should consider. 

It’s recommended that you’re prepared to put down as a deposit somewhere between five and 20 per cent of the cost of the home that you’re hoping to buy.

Make sure that you can afford the monthly repayments. You’ll need to think about the other costs of buying a home.

The Government has a number of schemes to help first time home buyers. At Knight Frank Finance we can provide more information about these options.

The kind of mortgage that’s right for you depends on your personal circumstances and the property that you’re looking to buy. The two main types are the fixed rate mortgage where you pay the same amount of interest for a certain number of years and the variable rate where the interest you pay varies.

Each mortgage has its pros and cons. The mortgage market can be something of a minefield but at Knight Frank Finance we have long standing experience here and access to an extensive range of mortgage providers so we can find the deal that’s just right for you.

Read our first time buyer mortgage guide for more information on the types of mortgages availabe to you. 

For more information please contact:

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