First Time Buyers

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Moving House/Flat


Providing individual mortgage advice; unique to you

Buying your first home can be a very exciting albeit daunting experience which is why it is important to get the right advice at the very start. There are many different mortgage products to choose from so it is important to get the solution that best meets your needs.

To help you to make the right decision we have put together our Top Tips for first time buyers:  

How much can I borrow?
It is important to be realistic when working out how much you can spend on your new home. A budget planner will help to ensure your mortgage is affordable. 
How much deposit will I need to put down?
When choosing a mortgage, you can see which deals you might qualify for based on the size of the deposit you have by looking at what is known as the mortgage ‘loan to value’ (LTV). For example if you are looking to buy a property valued at £100,000 and have a £5,000 deposit you will be looking to borrow 95% of the property value. Typically the more deposit you have to put down the better the mortgage rates will be. 
Have you considered any extra costs?
Even a newly built house will require some sort of furnishings, whereas older properties may require extensive work, such as re-flooring or renewing the wiring. These should be considered alongside the purchase price, and fees such as conveyancing and stamp duty. 
Know what to look for when viewing properties
Always take an experienced home buyer with you when viewing properties as there may be important details you could be missing out on. 
Household Budgets
If you have been used to living at home with your parents, remember to also budget for expenses such as council tax, gas and electricity bills. 
Council Tax Charges
Make sure you know what the likely council tax charge will be in your new property. The selling agent should be able to tell you what tax band the house you are interested in buying is in, and how the charges are levied by your local authority. 
Remember a mortgage is a long term commitment and there are lots of different products available, so it is important you get the right solution for you. Call our experts today for more information.

Your property may be repossessed if you do not keep up repayments on your mortgage.

Mortgage Process





Initial Contact

We would be delighted to arrange an initial online meeting, or we are just as happy to have an initial consultation over the telephone…whatever suits you best.



Market Analysis

Having considered your personal circumstances and budget, we will provide you with advice and a recommendation regarding the most suitable mortgage options to suit your individual needs.



Mortgage in Principal

We can arrange a mortgage approval in principle to provide you with peace of mind when viewing properties that you are in a position to proceed when you find your dream home.



Finalise Deal

We will manage the mortgage application process from start to finish while liaising with your solicitor, to ensure your mortgage is fully approved as quickly as possible.

At Taylor Carmichael we offer our clients highly professional specialist mortgage and protection advice from the UK marketplace.

Customer Testimonials

One of the key benefits was to get Susan as a real supporter, able to listen and understand our challenges and background. Susan has been brilliant in listening and answering to all our questions, constraints, doubts in a subtle, advised and "zen" way. So, thanks to this very smooth and professional process, we almost forgot that we applied for a 25 years mortgage!

Everything was dealt with quickly and both David and Donna who dealt with our application were in contact by e-mail on a regular basis.

Extremely concise and detailed advice along with a speedy turn around. Would definitely use again.

Thank you so much for a quick and reliable service. There was nothing we had to do other than produce our paperwork. We are absolutely delighted with the service we were given.

The whole service was fantastic from beginning to end - I can't thank Susan enough for her help. She made the process completely stress free!

I could not be more grateful to David for everything. He took all the stress out of applying for a mortgage and I am so happy with the mortgage that I've got. Huge thanks for being part of buying my first house on my own!

Let us get the most suitable deal for you.

0141 370 2229 Get in Touch