Whether you are moving out from your family home by yourself, or moving in with your partner, buying your first home and getting on the property ladder is a big step. There is a lot to consider, from how long you want to run the mortgage over to what type of product suits you the best.
Whatever your situation, we are here to help with access to a huge range of mortgage lenders and thousands of products.
This type of mortgage is for all those people who have never owned a property before. It doesn’t matter how old you are, if you haven’t owned a property, you are a first-time buyer and we’re here to help!
We understand that buying your first home can seem daunting. There are so many things to think through, from the type of mortgage you want, to surveys and solicitors. That’s why we specialise in helping first time buyers navigate their way through the process and on to the property ladder with minimal stress.
We will search the market from a huge range of lenders and thousands of products, to find you the best lender and rate for your circumstances. When formulating our advice and making a recommendation, we will consider your circumstances, your wants and needs and things like early repayment charges, legal fees, valuation fees etc.
We hold your hand through the entire process, from the initial appointment where we help you discuss your goals, all the way through to completion and getting the keys to your new home. This is our job, but you won’t have done this before so we understand you may have a lot of questions. This is why we stress that you can ask as many as you want, as often as you want, even if you think the question is silly!
We understand how important a decision getting the right mortgage is. But it’s not just about taking out a mortgage, it’s about getting the keys to your new home, and we’re with you every step of the way.
So that we can identify your options and the best next steps to take, have a free, no obligation chat with us. We will learn about and you and your circumstances in order to develop a bespoke plan of action.
Here are our 3 most commonly asked questions around mortgages.
There is no hard & fast rule for affordability. Every lender calculates how much they are prepared to lend differently, based on their own criteria, but also your circumstances. They will look at things like the size of your deposit, your credit profile, your income and any outgoings when calculating your available borrowing.
For residential properties, your deposit will need to be a minimum of 5% of the property value you are buying. For buy to lets, the usual amount is 25%.
It’s not just about the interest rate. We search the market from a huge range of lenders and take into account things like fees and cashback when making a recommendation that is tailored to your circumstances.
As the mighty Oak Tree represents longevity, strength & stability, we specialise in forging long term relationships with our clients based on trust and honesty, to build solid foundations for their future.
Oak FS Ltd trading as Oak Financial is registered with the Data Protection Act 1998 Registration Number ZB473115 and is authorised and regulated by the Financial Conduct Authority under Firm Reference Number 1015779 and are an Appointed Representative of TMG Direct Limited which is authorised & regulated by the Financial Conduct Authority under Firm Reference Number 786245 and registered with the Data Protection Act 1998 Registration Number: ZA178200.
Think carefully before securing debts against your home. Your home may be repossess if you do not keep up repayments on a mortgage or any other debt secured on it. The guidance contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
