Navigating the First-Time Buyer Journey with Mortgage Tree

First Time Buyer Mortgage Options

It is a challenging time for first-time buyers in the UK, with affordability remaining the biggest hurdle for many. While some lenders are stepping up a mortgage price war, with recent rate cuts and loosened affordability rules, this will inevitably increase price pressures. The number of products for borrowers up to 95% LTV has hit a 17-year high, and cheaper borrowing could see house prices rise as people take out bigger loans.

At Mortgage Tree, we understand that the desire to own your own home never dissipates, which is why we've positioned ourselves as experts in supporting first-time buyers through this complex journey.

How Mortgage Tree Supports First-Time Buyers

Our mortgage advisors at Mortgage Tree play a crucial role in supporting first-time buyers by:

• Simplifying the complex: We break down the mortgage process into manageable steps

• Providing real-time expert knowledge: Our advisors stay up-to-date with all available options in the market

• Tailoring solutions to individual circumstances: We understand that every buyer's situation is unique

The choice of mortgage products can be bewildering. Mortgage Tree advisors have comprehensive understanding of government schemes such as the Mortgage Guarantee Scheme and shared ownership, along with in-depth knowledge of eligibility criteria, ensuring our clients are matched with solutions that suit their specific circumstances.

With awareness of regional affordability trends and new initiatives, Mortgage Tree can offer tailored advice to clients who historically may have been rejected from mortgage applications due to past credit issues or non-traditional employment like gig work or freelancing.

While first-time buyers have greater access to information than ever before, they often lack the confidence to navigate the mortgage process alone. That's where Mortgage Tree steps in, offering guidance, support, and access to our up-to-date toolkit of lender options to secure the most competitive deals.

First-Time Buyer Options Available Through Mortgage Tree

Gifted Deposit Solutions

For those with family support, Mortgage Tree can help structure gifted deposits to maximize their benefit. Our advisors ensure all documentation is correctly prepared, satisfying lender requirements and helping you access better mortgage rates.

Lifetime ISA (LISA) Integration

Mortgage Tree advisors can help clients who have been saving through a LISA incorporate these funds into their home purchase strategy, ensuring they correctly access the government's 25% bonus without complications.

First Homes Scheme Expertise

Mortgage Tree has specialist knowledge of developments participating in the First Homes Scheme, offering new build homes at 30%-50% discounts. Our advisors prioritize finding options for local buyers and key workers with incomes under the scheme's thresholds.

Deposit Unlock Specialists

As experts in new build mortgages, Mortgage Tree has strong relationships with participating lenders in the Deposit Unlock scheme, helping you purchase a new build home with just a 5% deposit.

Shared Ownership Navigation

Mortgage Tree has extensive experience with shared ownership applications, guiding clients through the complexities of part-buying, part-renting arrangements with housing associations.

Mortgage Guarantee Scheme Access

With the scheme extended until June 30th 2025, Mortgage Tree can connect you with lenders offering government-backed 95% LTV mortgages, making homeownership possible with just a 5% deposit.

Family Support Mortgages

Mortgage Tree specializes in:

• Joint Borrower, Sole Proprietor (JBSP): Allowing up to three family members to boost your borrowing capacity without co-owning your property

• Guarantor Mortgages: Connecting clients with lenders who accept guarantors to support those with lower incomes or credit challenges

Right To Buy Assistance

For council and housing association tenants, Mortgage Tree provides specialized guidance through the Right To Buy process, helping maximize your discount and secure appropriate financing.

Innovative High LTV Products

Mortgage Tree advisors have access to exclusive products like Vida's "3 & Easy" range – offering 97% LTV residential mortgages with 5 and 7-year fixed-rate options and loan terms up to 45 years. These products are ideal for clients trapped in high-rent cycles who struggle to save large deposits.

Getting the Right Help at Mortgage Tree

It's easy to see why first-time buyers can feel overwhelmed. At Mortgage Tree, we believe good advice is pivotal in this market segment. With the anticipated boom in new build developments, having expert guidance is more important than ever.

Our advisors have all the tools at their disposal to make the difference between giving you a dream start or facing a financial nightmare. We tailor our approach to your unique circumstances, helping you navigate the complex first-time buyer landscape with confidence.

Contact Mortgage Tree today to discover how our expertise can help you take your first step onto the property ladder with the mortgage solution that's right for you.