First-Time Buyers Mortgage Advice & Step-by-Step Help

First-Time Buyers
Mortgage Advice

Buying your first home is a big step—and a very exciting one. But it can also feel confusing. Terms like fixed-rate, loan-to-value, or interest-only mortgage can make it hard to know where to start.

Orchard Mortgage Solutions

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Why First-Time Buyers Choose Orchard Mortgage Solutions

At Orchard Mortgage Solutions, we guide you every step of the way. From finding the right lender to collecting your keys, we make the mortgage process easy to understand.

We know buying your first property can feel stressful. That’s why we keep things simple. We give clear advice and support from start to finish. As an independent mortgage broker, we can look at deals from across the whole market. This means we’re not tied to one lender. We work only for you—not the bank. With access to many mortgage providers, we help you find the best deal for your budget.

Over the lifetime of your mortgage, we could save you thousands of pounds by helping you pick the right deal from the start. Even after your purchase, we’re here for you.

When it’s time to remortgage or move, we’ll be happy to help again.

The Step-by-Step Mortgage Process for First-Time Buyers

Buying your first home can feel complicated. But when you know what to expect, it gets easier. Here’s how the process works:

Step 1: First Chat

We begin with a free meeting—by phone, video call or in person. You tell us about your job, income, savings, and the kind of home you’d like to buy. We’ll then give you a clear picture of what’s possible.

Step 2: Decision in Principle (DIP)

Next, we apply for a Decision in Principle. This is a lender’s early approval, based on your finances. A DIP shows sellers and estate agents that you’re serious—and ready to buy.

Step 3: Make an Offer

With your DIP, you can now make an offer on a home. If the seller agrees, we move to the next step.

Step 4: Mortgage Application

We collect all the documents you need and fill in the full mortgage application. We do this for you and talk directly to the lender.

Step 5: Valuation and Final Checks

The lender checks your details and arranges a property valuation. This ensures the home is worth what you’re paying. If all looks good, you’ll get a formal mortgage offer.

Step 6: Legal Work (Conveyancing)

Now your solicitor takes over. They handle the legal side of the purchase and make sure everything is done properly. At this stage, you’ll also need to arrange buildings insurance.

Step 7: Exchange and Completion

Once everything is ready, you exchange contracts. This is when you pay your deposit and agree to buy the home. On completion day, your mortgage funds are sent, and you get the keys. You’re now a homeowner!

What Help Is There for First-Time Buyers?

You might be able to get support from a government scheme. These options can make buying your first home more affordable:

Help to Buy (Wales)

This lets you buy a new-build home with just a 5% deposit. The government lends you up to 20% (or 40% in London). The scheme has closed in England but is still available in Wales.

Shared Ownership

Buy a share of a property and pay rent on the rest. Later, you can buy more of the home when you can afford to.

First Homes Scheme

This gives first-time buyers up to 30% off the price of a new-build property. It’s great for key workers and local buyers.

We’ll help you find out which schemes you’re eligible for.

Costs to Expect as a First-Time Buyer

It’s not just your deposit you need to save for. There are several other costs to keep in mind:

Deposit

This is the amount you pay upfront. Most lenders ask for at least 5% of the property price. The more you put down, the better the deal you’ll likely get.

Stamp Duty Land Tax

Good news—first-time buyers pay no Stamp Duty on homes worth up to £425,000 in England and Northern Ireland. You only pay on the amount above that.

Solicitor Fees

Legal fees usually range from £800 to £2,500. This pays for your solicitor to handle contracts, checks, and searches.

Valuation Fees

Some lenders include this for free. Others may charge £150 to £1,000, depending on the home’s value.

Mortgage Arrangement Fees

Some mortgage deals have a fee, often £999. We’ll help you understand which deals include this and whether it’s worth paying.

Survey Costs

If you want a deeper check on the property, you can get a Homebuyer’s Report or a full survey. This may cost £400 to £1,500.

Insurance

You must have buildings insurance in place when you exchange contracts. Contents insurance is optional but smart to have.

First-Time Buyer Tips to Keep in Mind:

Start by working out how much you can borrow and afford each month
Save as much deposit as possible—it can unlock better rates
Check your credit report and make sure it’s accurate
Avoid taking out new credit while applying for a mortgage
Speak to an independent mortgage adviser to find the best deal

Speak to a First-Time Buyer Mortgage Expert Today:

Whether you’re just starting your home search or ready to apply for a mortgage, we’re here to help. At Orchard Mortgage Solutions, we offer friendly, expert advice for first-time buyers. We’ll explain everything in plain English. No jargon. No pressure. Just honest help. Let's make buying your first home as simple and stress-free as possible.

Call Us On 01257 543013 Use Our Contact Form

Orchard Mortgage Solutions

5.0

Based on 60 reviews

review us on

DO YOU HAVE THE RIGHT INSURANCE COVER?

Quality insurance is important for anyone with a home of their own, or who is currently in the process of buying one. At Orchard Mortgage Solutions, we’ll help you secure the best insurance for you and your home.

Life Insurance

Have peace of mind that your loved ones will be well-taken care of in your absence.

Critical Illness Cover

Plan for the unexpected to support you or a loved one in case of a severe injury or illness.

Income Protection

Tailored income protection plans that provide peace of mind & financial security when you need it most.

Accident Sickness & Unemployment

A short-term income protection policy designed to help cover essential bills if you’re unable to work.

Buildings & Contents Insurance

Make sure that your building and belongings are protected from damage.