Set a realistic budget
Review income, commitments, deposit and likely buying costs before you make an offer.
First-time buyer mortgage advice
Mortgage advice for buying your first home.
Buying your first home involves more than finding a mortgage rate. Rahul will help you plan your deposit and buying costs, understand an initial borrowing estimate, prepare for an agreement in principle and progress the mortgage application when you find a property.
Discuss my first home Answer four short questions, then choose how to contact Rahul.Important information
Your property may be repossessed if you do not keep up repayments on your mortgage.
Any early affordability estimate is indicative only. The final amount depends on a full application, the property and lender criteria at the time.
Your initial review
First-time buyer mortgage questions to answer early.
01
How much might I be able to borrow?
02
How much will I need for the deposit and other buying costs?
03
When should I request an agreement in principle?
04
Which documents should I prepare?
What the advice covers
How Rahul supports your first mortgage application.
Rahul takes time to understand your circumstances, researches suitable mortgages from the lenders and products available through RG Financial Services, then explains why he considers his recommendation suitable, the costs involved and any relevant risks. If you proceed, he remains your contact while the application progresses.
- Affordability and deposit planning
- Agreement in principle guidance
- Researching suitable mortgage options
- Support with the application, valuation and mortgage offer
- Reviewing protection needs alongside the mortgage
Preparing for a review
Documents and figures to prepare before applying.
You do not need every document before contacting Rahul. This list is a useful starting point and he will confirm what is needed for your circumstances.
- Recent payslips or self-employed income evidence
- Bank statements and details of regular commitments
- The source and approximate amount of your deposit
- An estimated budget for legal fees, a survey, moving costs and property tax
How the advice works
From budget planning to your first mortgage application.
Prepare to apply
Understand what an agreement in principle shows and gather the documents a lender may request.
Review the recommendation and apply
Review Rahul’s recommendation and, if you decide to proceed, submit the application with support.
Frequently asked
First-time buyer mortgage questions.
These answers are general. Advice and lender criteria depend on your individual circumstances.
How much deposit will I need?
The minimum depends on the lender, property and your circumstances. A larger deposit may give access to different products, but your budget should also allow for legal work, a survey, moving costs and any tax due on the property purchase.
Does an agreement in principle guarantee a mortgage?
No. It is an initial indication based on the information and checks completed at that point. A full application remains subject to the lender’s affordability, credit, property and underwriting requirements.
Can my deposit be a gift?
Some lenders accept gifted deposits, subject to their rules and evidence requirements. Rahul can explain what confirmation may be needed from the person providing the gift.
Which property-purchase tax might I need to pay?
The tax depends on where the property is located: Stamp Duty Land Tax applies in England and Northern Ireland, Land and Buildings Transaction Tax in Scotland, and Land Transaction Tax in Wales. A solicitor or tax adviser can confirm the amount and any reliefs.
Contact Rahul
Planning to buy your first home?
Tell Rahul how much you have saved, when you hope to buy and whether you have found a property. He’ll explain what to do next and which documents to prepare.
There may be a fee for mortgage advice. The precise amount will depend on your circumstances and will be agreed with you before proceeding. The estimated fee is £299, payable at application.
Discuss my first home