First Time Buyers

Buying a house is the most important and probably the largest investment you will make. As a first time buyer looking to get on the property ladder, your mortgage will probably be the most important financial decision you will ever make. But with so many factors to consider it can be difficult to know where to begin. Watts Mortgage & Financial Services Ltd have access to the whole mortgage market and can get you a great deal when you are looking to purchase a property. We deal with all lenders and have many exclusive packages available to us. We will help to guide you through the process, and ensure that the mortgage you choose is affordable to you both now and in the future. One of our team are on hand to speak with you or simply complete the enquiry form below and one of our team will contact you directly. However, you need to get a mortgage and lenders are being pretty picky about who they lend to and you need to consider the following:-

• Always get independent advice from an FSA (Financial Services Authority) regulated broker like us. This will not cost you anything as we offer a free first time buyer consultation and we are not tied to any lender so will be able to help you look at the whole market to find the best deal.
• Ask questions. Are there tie-ins, what fees do you have to pay, how much can you borrow etc etc?
• Try to get as large a deposit as you can (can your relatives help you out?) as this will help you get a better deal at a lower interest rate. Anything considered slightly risky by the lenders, uncluding high LTV (loan to value) will go against you.
• Don’t make multiple applications to lenders. If each lender does a credit search this will affect your credit rating and possibly preclude you from some of the more attractive deals and end up costing you money.
• Don’t borrow more than you need to and keep within your means (the most important factor being that you do not overstretch yourself on the mortgage payments).
• Resist the temptation of going for any ‘incentives’ like a cashback or low start mortgage. The banks, building societies and lenders are not charities and these incentives are there to lure you into ‘buying’ their products and inevitably this will cost you in the long term.
• A repayment mortgage is always a better option than an interest only mortage. Although an interst only mortgage means lower monthly payments how are you going to pay off the loan at the end of the term?

Always get independent advice on these products! To speak to one of our independent FSA (Financial Services Authority) regulated mortgage advisor now complete our no obligation enquiry form below.

First Time Buyers enquiry
Your details
Title	Mr Mrs Ms Dr other
First name
Last name
Date of Birth	d:    1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 m:    Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec y:    1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 182 1983 1984 1985 1986 1987 1988 1989 1990
Address line 1
Address line 2
Town/City
Postcode
Telephone
Mobile
email
Joint applications
Single or joint?	Single        Joint
Title of second applicant	Mr Mrs Ms Dr other
First name of second applicant
Surname of second applicant
Date of birth of second applicant	d:    1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 m:    Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec y:    1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 182 1983 1984 1985 1986 1987 1988 1989 1990
Is second applicant aware of this enquiry?	Yes        No
Application details
Mortgage amount required (£)*
Approx. value of the property you want to purchase (£)*
Your circumstances
Approx. amount of any unsecured loans (£)
Please tick any of the following that apply to you. This will not hinder your mortgage enquiry but will help us find the most suitable product for you.
Have you had a CCJ in the last 3 years?
Have you ever had an IVA?
Have you ever been declared bankrupt?
Have you missed any mortgage or secured loan payments in the last 2 years?
Any other information Please add any other information that you feel may be important here.

An adviser will now call you to discuss you requirements further