First time buyer in Brighton
If you're a first time buyer and are considering getting a mortgage, our experienced brokers can help find the lender and deal that suits your circumstances.
First-time buyer mortgages – helping you buy your first home
Purchasing your first home is an exciting milestone, but it may seem daunting.
​At Your Mortgage Room, we provide expert help for first-time buyers. We serve clients in Brighton and Hove, Sussex, and beyond.
If you're uncertain about qualification requirements, interest rates or monthly mortgage payments, our team is ready to help at every stage of the process.
Understanding first-time buyer mortgages
As a first-time buyer, securing a mortgage is a crucial step in getting on the property ladder. Lenders offer a range of options specifically designed to help first-time buyers in England purchase their first home. From shared ownership schemes to repayment mortgages, we help you find the best deal for your personal circumstances.
There are several types of mortgages available for first-time buyers. Understanding these options can help you make an informed decision:
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Repayment mortgages – This is the most common type. You make monthly payments that cover both the loan amount and interest.
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Shared ownership – A government-backed scheme that allows you to buy a property by purchasing a share and then paying rent on the rest of the property.
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Homes scheme – Various government initiatives provide support for first-time buyers, offering lower deposit requirements and competitive mortgage terms.
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Buy-to-let mortgages – Some first-time buyers consider purchasing a property to rent out as an investment. We can help you explore this option if it suits your financial goals.
Lenders assess several factors when determining your eligibility criteria, including income, employment status, credit history, and deposit size.
At Your Mortgage Room, we work closely with lenders to match you with the most suitable mortgage as a first-time buyer.
Our team takes you through the full mortgage process and guides you to find the most suitable options available to you.
How much can you borrow?
The amount you can borrow depends on various factors which include:
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Your income
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Credit score
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Other financial commitments such as rent or loans
Lenders typically offer loans based on a multiple of your annual income. Working with a mortgage broker helps you find competitive deals to make buying your first home more affordable.
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If you’re a key worker, you may be eligible for exclusive mortgage schemes or discounted rates. We provide tailored mortgage advice for teachers, NHS staff, emergency service workers, and other key professionals looking to secure their first home.
Support for Key workers
Buying a home in Brighton and Hove
Brighton and Hove is a desirable location for first-time buyers. The city offers a mix of coastal living, vibrant culture, and excellent transport links to London and the rest of East Sussex. From modern apartments to charming period homes, Brighton and Hove caters to diverse buyer needs. The area is home to top-rated schools, thriving businesses, and a rich arts scene, making it a great place to buy a home.
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Our team understands the local property market and works closely with estate agents to help first-time buyers in Brighton find what they're looking for. Whether you’re looking for a property in the city centre, the quieter suburbs, or along the seafront, we offer expert guidance tailored to you.
Managing your monthly repayments
Understanding monthly repayments is essential when taking out a mortgage. Your Mortgage Room helps you calculate your expected mortgage payments, ensuring they align with your budget. We also help you explore fixed-rate and variable-rate mortgage options to find the most suitable repayment plan.
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While it is possible to secure a mortgage with a small deposit, a larger deposit can provide better mortgage deals, lower monthly repayments, and greater flexibility in choosing a lender. Many first-time buyers aim to save at least 10% of the property's value, though some government-backed schemes allow you to buy with just 5%.
Why a larger deposit can help
Why choose Your Mortgage Room?
Specialist Mortgage Advice – We work with a wide range of lenders to secure the best mortgage deals for first-time buyers.
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Local Expertise – Our knowledge of the Brighton and Hove housing market ensures you receive tailored mortgage advice.
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Comprehensive Support – From initial mortgage advice to finalising your mortgage application, we support you throughout the entire process.
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Authorised and Regulated – Your Mortgage Room is registered in England and authorised and regulated by the Financial Conduct Authority, ensuring you receive trusted advice.
If you’re a first-time buyer looking to buy a property, we’re here to help. Contact Your Mortgage Room today for expert mortgage advice and take the first step towards homeownership with confidence.
Ready to get started? You can email us at info@yourmortgageroom.co.uk or call 01273 039500. Alternatively, fill in this contact form and we'll get back to you.