Check your budget
Allow for monthly repayments, bills and unexpected costs, not just the maximum a lender might offer.
Moneykind mortgage guides
Buying your first home? Here’s how to get started.
Your first mortgage can feel complicated. This guide explains the key steps, what lenders may check and how to prepare before speaking to a mortgage professional.
Explore mortgage help →What you need to know
Understand deposits, affordability, mortgage agreements in principle and the buying process. Explore first-time buyer mortgages with Moneykind.
Moneykind helps you make an enquiry and may introduce you to a relevant mortgage professional. Moneykind does not itself provide a mortgage recommendation on this page. Any advice and lender availability will depend on the professional and your circumstances.
Mortgage rates, fees, lending criteria and eligibility can change. Always check the full terms before making a decision.
Three practical steps
Get documents ready
Typical requests include ID, proof of income, bank statements and evidence of your deposit.
Ask about all the costs
Compare fees, initial rates, the rate after a deal ends and any early repayment charges.
Frequently asked questions
How much deposit do first-time buyers need?
Some mortgages are available with a 5% deposit, subject to lender criteria. A larger deposit may provide more options or a lower rate. You will also need money for legal fees, surveys, moving costs and any applicable tax.
What does a lender look at?
Lenders usually assess income, regular spending, existing commitments, credit history and the property. The amount you can borrow depends on the lender’s rules and your circumstances.
What is an agreement in principle?
An agreement in principle (AIP), sometimes called a decision in principle, gives an indication of potential borrowing. It is not a mortgage offer or a guarantee of approval.
What happens after an offer is accepted?
You normally submit a full mortgage application, provide supporting documents and arrange conveyancing. The lender will assess the property and application before deciding whether to issue an offer.
Ready to take the next step?
Tell us what you need help with. Moneykind can use your enquiry to help connect you with a relevant professional, subject to availability.
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