First-Time Buyer Mortgages

🏡 Helping You Take Your First Step onto the Property Ladder

Buying your first home is an exciting milestone — but understanding deposits, affordability, credit checks, and the full mortgage process can feel overwhelming. At NexGen Finance, we make the journey clear, structured, and stress-free, supporting first-time buyers right from the initial enquiry through to getting the keys.

We help you understand how much you can borrow, compare suitable mortgage options, prepare your documents, and move through the process with confidence.

🤝 How We Help First-Time Buyers

• 📊 Calculate how much you could borrow based on income, commitments and deposit
• 🏦 Compare mortgage deals across high street and specialist lenders
• 📋 Guide you through documentation and lender requirements
• 🚀 Arrange fast Agreements in Principle (AIPs)
• 🔍 Explain available schemes such as Shared Ownership and First Homes

🏠 Types of Mortgages Available

• 💷 Fixed-rate mortgages – predictable monthly payments
• 📈 Tracker mortgages – rates that follow the Bank of England base rate
• 🔑 Low-deposit mortgages – including 5% deposit options
• 👨‍👩‍👧 Family-assisted mortgages – boosting affordability with parental support
• 🏘️ Shared Ownership & First Homes – ideal for eligible buyers

📈 How Much Can You Borrow?

Most lenders offer around 4 to 4.5 times your annual income, depending on your deposit, commitments, and credit profile. Some applicants may access higher income multiples depending on the lender and overall affordability.

We help you estimate what you can realistically afford and what your repayments may look like before you start viewing properties.

🪜 Step-by-Step: The Mortgage Process

1. Initial Consultation

We discuss your goals, financial position, and preferred property type to outline suitable mortgage options.

2. Agreement in Principle (AIP)

An AIP confirms your borrowing capacity and strengthens your position when making offers.

3. Mortgage Application

Once you’ve found a property, we assist with documentation, valuations and lender requirements.

4. Offer & Conveyancing

After your mortgage offer is issued, your solicitor completes the legal work, searches and contracts.

5. Completion

Once everything is finalised, funds are released and you collect your keys — officially becoming a homeowner.

🚧 Common Challenges for First-Time Buyers

Low Deposits

We help you explore lenders that accept 5–10% deposits and explain how deposit size affects your rate options.

Credit Concerns

Even with limited or imperfect credit history, suitable lenders may still be available depending on overall affordability.

Self-Employed or Contractor Income

We help present your income clearly and correctly to lenders who specialise in non-standard employment types.

Understanding Schemes

We make Shared Ownership, First Homes and other initiatives straightforward so you can decide if they fit your plans.

🌟 Why Choose NexGen Finance?

• ✔ Clear, structured guidance at every stage
• ✔ Access to a wide panel of lenders
• ✔ Fast turnaround for AIPs
• ✔ Straightforward explanations with no jargon
• ✔ Flexible communication, including evenings
• ✔ Tailored support based on your goals and financial position

📞 Start Your First Mortgage Journey

Ready to take the first step? Contact us today to explore your mortgage options and find out how much you could borrow. Our team is here to guide you through each stage of the homebuying process.