First-Time Buyer Mortgage Advice in Leicester & West Midlands

Taking your first step onto the property ladder is exciting but it can feel overwhelming. We’ve helped hundreds of families from Leicester, Wigston, Market Harborough and across the West Midlands secure their first homes. Our specialists will guide you from understanding how much you can borrow to getting a mortgage in principle and completing your application.

## How We Help First‑Time Buyers
- **Assess your borrowing power:** We’ll look at your income, outgoings, deposit and credit to estimate how much you can borrow.
- **Save for your deposit:** We’ll advise on deposit sizes, Lifetime ISAs and government schemes like Help to Buy and Shared Ownership.
- **Choose the right mortgage:** We’ll explain fixed‑rate, tracker and other types, with pros and cons for your situation.
- **Get a Mortgage in Principle:** We can arrange an MIP quickly, strengthening your position with sellers.
- **Handle the application:** We manage the paperwork and liaise with lenders and solicitors to ensure a smooth process.

## First‑Time Buyer Schemes
- **Help to Buy Equity Loan:** Borrow up to 20% of a new‑build price with just a 5% deposit.
- **Shared Ownership:** Buy a share of your home (25‑75%) and pay rent on the rest, with the option to buy more later.
- **First Homes Scheme:** New builds sold at least 30% below market value.
- **95% Mortgages:** Some lenders offer 95% loan‑to‑value mortgages, meaning you need only a 5% deposit.

## FAQs
**How much deposit do I need?** Most lenders require at least 5%, but you’ll get better rates with 10% or more. For a £200,000 property, that’s £10,000–£20,000.

**What other costs should I budget for?** Factor in solicitor fees (£1,500–£1,800), surveys (£400–£1,500), arrangement fees (£0–£2,000) and potential stamp duty.

**How long does it take?** From application to offer usually 2‑4 weeks; the full purchase process typically takes 3‑6 months.

**Can I get a mortgage with bad credit?** Yes. We work with specialist lenders and can advise on improving your chances.

## Ready to Get Started?
Our expert first‑time buyer advisers in Leicester and the West Midlands are ready to help. Book your free consultation, get a mortgage in principle, or call us on 011650 47140.