First-Time Buyers
Mortgage advice for first-time buyers in London
Buying your first home is an exciting milestone, but the mortgage process can feel unclear at the start. We support first-time buyers in London and across the UK with clear advice on borrowing, deposit options and lender requirements. We also help when income includes bonus or variable pay, so you can move forward with confidence and fewer delays.
Your home may be repossessed if you do not keep up repayments on your mortgage
First-time buyer mortgages with clear steps
We help you understand what lenders look for and what you can realistically borrow before you offer. From decision in principle to mortgage offer and completion, we manage the process and stay close to the details, including affordability checks, deposit planning and property-specific lender requirements.
How much can a first-time buyer borrow
Borrowing is based on income, commitments and lender affordability models. If your income includes bonus, commission or other variable pay, lenders often assess this differently. We can advise on how income is typically evidenced and which lenders may be more suitable for your circumstances.
OUR MORTGAGE CALCULATOR
Find our mortgage calculator below
Your Home may be repossessed if you do not keep up repayments on your mortgage
Depending on your circumstances and the complexity of your case we may charge a fee for our work. The fee charged will be agreed with you prior to any application. A typical fee is at £500, however the exact fee will be agreed between you and your advisor directly and may be more or less than this figure.
Anderson Harris Limited is an appointed representative of PRIMIS Mortgage Network, a trading name of Advance Mortgage Funding Limited. Advance Mortgage Funding Limited is authorised and regulated by the Financial Conduct Authority.
The guidance contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK
WHY USE ANDERSON HARRIS?
Professional, Friendly Staff
We’re enthusiastic about helping clients achieve their property dreams. Our experienced staff will invest time to understand your circumstances and find the right solution for you.
Proactive & caring
Interest rates and the property market can abruptly change. We stay informed, monitoring the markets in order to alert our clients to any changes that may affect them.
Acclaimed Customer Service
We form long-standing relationships with our clients. They value our unbiased advice, our responsiveness and our genuine interest in their life goals.
Sustainable & Considerate
Keen to minimise our impact on the environment, we’ve invested in IT to create a paperless office and facilitate remote working, reducing the carbon footprint of our business.
First-time buyer FAQs
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A decision in principle is an initial lender approval based on your income and credit information. It is best to arrange this before making an offer so you can negotiate with more certainty.
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Deposit requirements vary by lender and circumstances. Many buyers use 5 to 15%, but the best option depends on affordability, credit profile and the property type.
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Timescales vary by lender and complexity. Straightforward applications can move quickly, while leasehold properties or complex income can take longer due to underwriting checks.
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Often yes. Lenders assess variable income differently and evidence matters. We help confirm what documents are needed and which lenders are likely to be suitable.
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Typically payslips, P60, bank statements, proof of deposit and ID. Additional documents may be required depending on the lender and income type.
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No. Many clients are London-based, but we also advise first-time buyers across the UK.
WANT TO ENQUIRE ABOUT A MORTGAGE?
Our team of specialists are ready and waiting to help turn your property dreams into a reality.
Please complete this form to find out how we can find the right mortgage, and save you time and money.