First time buyer mortgages
first time buyer mortgages ? – Buying your 1st Home can be both Exciting and Nerve Racking! Our role at CA Mortgages is to try and make the whole buying process as stress free as possible. We work hard to assist you in the process of successfully purchasing a property!
We have helped with lots of people with First time buyer mortgages, During our initial meeting we will look to assess your current financial situation and advise you on your specific circumstances. We believe this initial assessment to be absolutely crucial to the entire house buying process. Once this initial assessment has been carried out it should provide you with some options on potential lenders, products and monthly payments. This is the first step in the process to buying your new home. We believe a template for a successful purchase involves the following stages.
The range of products and lenders available can differ dramatically from one persons set of circumstances to another. We will also look to provide you with a “Decision in Principle” from an appropriate lender. We serve first time buyers in Wales and the West of England including the Caerphilly, Cardiff, Pontypridd, Newport, Blackwood, Bridgend, areas.
“Without the help of Ian we wouldn’t have been able to get onto the housing ladder, many thanks.” Miss S, Abertillery
First time buyer mortgages Cardiff
Property does not necessarily have to bought via an estate agent but can be bought via private sale through friends, family or a vendor directly. Property can also be bought via auction. Alternatively it is still also possible to buy the property you maybe renting from both the local authority or private landlord. New build properties are still available to be bought direct from developers. Shared Equity and Shared Ownership schemes are still available across the country at different sites.
“Andy was absolutely amazing in helping me and my partner buy our first home. I was 6 months pregnant and with out his help I don’t know what we would have done! But thanks to all his hard work we got the keys before the baby was born! Thank you!” Miss R, Cardiff
first time buyer mortgages advice
The decision to make an offer on a property should not be rushed and careful consideration should be made before doing so. Once an offer on property has been accepted the job of securing a mortgage begins. This is where our access to the whole of market and our experience in liaising with lenders comes into play.
A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.
For standard cases we typically we charge a mortgage advice fee of £595. For more complex cases we may charge a mortgage advice fee of upto £1,995. We may also charge an Administration fee of £295 and be paid commission from the mortgage lender. We will explain the costs involved with you before we proceed with any mortgage application.
Upon submission of a mortgage application lenders will usually want to assess; proof of income, proof of Identification & proof of deposit. This is also the point that lenders wish to assess the property you want to buy. A survey is arranged and report produced. When a lender has satisfactorily assessed both you and the property you wish to buy a “Mortgage Offer” is produced. This shows a lenders willingness to lend to you and is a major step towards owning your own home.
While not qualified to offer any legal advice ourselves, we do have the contact details of reputable legal firms that we have liaised with in the past. Such firms aim to guide you through the legal process that has to take place when buying a property.
The deposit required on a property is transferred to a solicitor before completion. Once a completion date is arranged buildings insurance will need to be arranged to begin before or coincide with this date. Having & maintaining buildings insurance is a legal requirement of having a mortgage.
Our years of experience with in the financial services industry leaves us expertly placed to advise you on the best type of insurance to go for. The vast majority of home owners choose to insure both their Buildings & Contents but are able to guide you through the various options available. Before completion takes place we will also look to advise you on the choice of personal insurance options available.
Personal insurance options available include policies such as Life Assurance, Critical Illness Cover, Income Protection and Unemployment cover. Again our years of experience with in the market place allow us to advise you on the various policies available.
Upon completion ownership of the property begins. From initially having an offer accepted the sales process commonly takes 8-12 weeks until completion. Sales at auction or on repossessed properties usually has to take place with in 28 days! For more information please either call or contact us today, and we’ll aim to get back to you the same working day. —