Rosewood Financial Advisers
Looking To Purchase Your First Home?
First Time Buyer
Taking that first step on to the property ladder can be a very daunting prospect. The team at Rosewood wealth specialise in finding the best first-time buyer mortgage deals based on your individual circumstances. We look at the big picture, factor in lifestyle and goals to find the most suitable mortgage product that works for you. We work with all lenders, big and small, mainstream and specialist, to give you access to a comprehensive range of mortgage rates whatever your individual situation.
We help you to be realistic about the amount you can spend on a house to ensure the intended mortgage is affordable. There are always additional things to factor in when buying a property including solicitors, surveys, possible works on the new home, we help you budget for these expenses to make sure they are considered when looking at purchase prices and how much you can borrow.
At Rosewood Wealth Management, we can offer a range of mortgages available for those looking to buy their first home. We guide you through every step of the process of buying your first property, we also deal with lenders on your behalf, so everything from paperwork to negotiation is kept as stress-free as possible for you.
How we can help you
At Rosewood Wealth, we believe in providing all of our clients a truly individualised financial advice service. We are here to help find the right first time buyer mortgage for you and get you on the property ladder.
Frequently Asked Questions
How much deposit do I need to buy a house?
Typically, you need to try to save at least 5% to 20% of the purchase price.
For example, if you want to buy a home costing £150,000, you’ll need to save at least £7,500 (5%).
Saving more than 5% will give you access to a broader range of cheaper mortgages available on the market.
Budget for the other costs of buying a home
In addition to your monthly mortgage payments, there are additional costs when purchasing a home.
- Survey costs
- Solicitor’s fee
- Removal costs
- Buildings insurance
- Initial furnishing and decorating costs
- Mortgage arrangement and valuation fees; and
- Stamp Duty – First-time-buyers will pay no Stamp Duty on the first £300,000 for properties worth up to £500,000.
Make sure you can afford your monthly repayments
As a first-time buyer, the most essential thing to bear in mind is whether you can really afford to take this step.
It’s a good idea to work out a budget before you start looking at properties.
As part of the mortgage application process, you’ll need to show the lender evidence of any outgoings you have and prove your income.
What is an agreement in principle?
An agreement in principle is a written estimate from a mortgage lender, giving you an indication of how much money you can borrow. You can show this to estate agents and vendors to prove you’re a serious buyer and can, in theory, get a mortgage.
If you’re getting a mortgage jointly with someone else, the agreement in principle will state how much it will lend on the joint application.
Hear what a few of our highly satisfied clients have to say
Shannan was fantastic made the process really easy to understand and supported me at every step, without Shannan and her expertise i wouldn’t have known where to start.
Client In Derbyshire
From start to finish Shannan was fantastic. She managed to secure us a Mortgage under very difficult circumstances. Keeping me updated all the way and going beyond the call of duty in her dedication to our needs.
Client In South Yorkshire
Shannan at Rosewood dealt with our enquiries perfectly. The level of service is exceptional, the products on offer were tailored exactly for our needs. Shannan also saved us loads of money. Which helps! Very happy. Would highly recommend!
Contact our experts
Expert financial and mortgage advice tailored to you
You can use the mortgage calculator below to help calculate your monthly repayments
Your total monthly payment
Rosewood Wealth Management Ltd
Registered in England and Wales Registered Company Number : 08291755. Registered address: 388 Brimington Road, Chesterfield, Derbyshire S41 0TF. Directors: Donna Robertson & Shannan Pool-Gorman
What to do if you have a complaint: If you have a complaint or dispute with us, you are entitled to make a complaint. We have a complaints procedure that is available on request. If you wish to register a complaint, please contact us either in writing, by telephone or email. If you wish to register a complaint, please contact us: In writing: Shannan Pool-Gorman, 388 Brimington Road, Chesterfield, S41 0TF. Email: firstname.lastname@example.org, or by telephone 01246 932300. Please be assured we treat complaints seriously. For your protection, if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service (‘FOS’). Please see the following link for further details: http://financial-ombudsman.org.uk/.
A lifetime mortgage is secured against your home and is a complex product. To understand the features and risks, ask for a personalised illustration. Your home or property may be repossessed if you do not keep up the repayments on your mortgage. You may have to pay an early repayment charge to your existing lender if you remortgage. The value of your investment can go down as well as up and you may not get back the full amount invested. Accessing pension benefits early may impact on levels of retirement income and your entitlement to certain means-tested benefits. Accessing pension benefits is not suitable for everyone. You should seek advice to understand your options at retirement.
© 2019 Rosewood Wealth Management | Rosewood Wealth Management is a trading style of Rosewood Wealth Management Ltd which is Authorised and Regulated by the Financial Conduct Authority – number: 841587. You can check this on the Financial Services Register by visiting the FCA’s website – or by contacting the FCA on 0800 111 6768. The Financial Conduct Authority does not regulate taxation advice, university/school fees planning some aspects of buy to let mortgages. The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK. The FCA’s consumer website address can be found here.