First Time Buyers

 As a first time buyer there's lots to consider, from finding out your maximum borrowing, how much deposit you need and even which survey to complete on your new purchase. Our team are here on hand to help you every step of the way, whether its answering your initial questions during our very first few chats or reminding you to pick up your new set of keys with the estate agents on the day of completion!

We know as first time buyers everything is new to you that's why we will keep you updated every step of the way so that you understand what's happening, why its happening and to make sure you're as prepared as you can be.

After an initial chat where we find out what your current position is and what your goals are, we will then move onto discuss the options available and the most suitable for your current circumstances.

We will make sure to offer you assistance in areas that you may not of had time to think about such as choosing reliable solicitors, choosing the most appropriate survey for your property and most importantly a friendly reassuring voice when your unsure.

FAQ's

We know some initial questions are more common than others so we thought it would be handy to answer some.

How much should I offer on a property i am interested in?

We know how exciting it can be once you've finally found 'the one'. You may have only viewed a few properties and happy to have been so lucky to find one you love so soon or you may be relived that after much searching you can finally see yourself living in your new home. We very much agree with the statement that 'A property is only worth what someone is willing to pay for it'. Its for this reason we recommend speaking to one of our team after your viewing. The final offer amount you pay for the property will always be your choice and whatever amount you deem best (providing it fits within affordability) we cant stress on how important we think it is to get a '2nd opinion'.

How much deposit will i need?

Your deposit will usually be a percentage of the property value that you are purchasing, deposits can start from 5%. The larger your deposit the lower your loan - to - value (LTV) will be which may secure you better mortgage rates and saving you money on your monthly payments.

How do I decide which survey to choose?

You could say a survey is a health check on the property. Its designed to highlight any issues that might cost significant amounts of money at a later stage to repair. If issues are discovered, as the buyer, you may then be in a position to renegotiate your offer to cover the costs of the work to fix the issues. There are various survey options to pick from ultimately this will depend on the type of property you intend to purchase, how much detail you would like to have access to from the survey and how much you are prepared to pay for the survey. 

The Financial Conduct Authority does not regulate some forms of Buy-to-Let mortgages.

“The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.”

"The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren't able to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk."

Risinghurst Mortgages is a trading style of Stephanie Silva Mendes who is an Appointed Representative of Ingard Financial Ltd which is authorised and regulated by the Financial Conduct Authority No 450731. 
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

“You voluntarily choose to provide personal details to us via this website.  Personal information will be treated as confidential by us and held in accordance with the Data Protection Act 2018. You agree that such personal information may be used to provide you with details of services and products in writing, by email or by telephone.”