Set a realistic budget
Review income, commitments, deposit and likely buying costs before you make an offer.
First-time buyer mortgage advice
Mortgage advice for buying your first home.
Rahul will help you understand your budget, deposit, likely costs and the application process, so you can make informed decisions before offering on a property.
Discuss my first home Start with a phone or video conversation.Important information
Your property may be repossessed if you do not keep up repayments on your mortgage.
Your initial review
Questions to cover in your initial review.
01
What may I be able to borrow?
02
How much will I need for the deposit and other buying costs?
03
When should I request an agreement in principle?
04
Which documents should I prepare?
What the advice covers
Research, recommendation and application support.
Rahul reviews your circumstances, researches suitable mortgages from the lenders and products available through RG Financial Services, and explains his recommendation, its costs and relevant risks before you decide whether to proceed.
- Affordability and deposit planning
- Agreement in principle guidance
- Researching suitable mortgage options
- Support with the application, valuation and mortgage offer
- Reviewing protection needs alongside the mortgage
Preparing for a review
Information that will help Rahul understand your circumstances.
You do not need to have every document ready before contacting Rahul. This list is a useful starting point.
- Recent payslips or self-employed income evidence
- Bank statements and details of regular commitments
- The source and approximate amount of your deposit
- An estimated budget for legal fees, a survey, moving costs and property tax
How the advice works
Three stages from reviewing your needs to progressing your chosen option.
Prepare to apply
Understand what an agreement in principle shows and gather the documents a lender may request.
Review the recommendation and apply
Review Rahul’s recommendation and, if you decide to proceed, submit the application with support.
Frequently asked
Answers to common questions.
These answers are general. Advice and lender criteria depend on your individual circumstances.
How much deposit will I need?
The minimum depends on the lender, property and your circumstances. A larger deposit may give access to different products, but your budget should also allow for legal work, a survey, moving costs and any tax due on the property purchase.
Does an agreement in principle guarantee a mortgage?
No. It is an initial indication based on the information and checks completed at that point. A full application remains subject to the lender’s affordability, credit, property and underwriting requirements.
Can my deposit be a gift?
Some lenders accept gifted deposits, subject to their rules and evidence requirements. Rahul can explain what confirmation may be needed from the person providing the gift.
Which property-purchase tax might I need to pay?
The tax depends on where the property is located: Stamp Duty Land Tax applies in England and Northern Ireland, Land and Buildings Transaction Tax in Scotland, and Land Transaction Tax in Wales. A solicitor or tax adviser can confirm the amount and any reliefs.
Contact Rahul
Would you like to discuss buying your first home?
Share your deposit, timescale and the stage you have reached. Rahul will explain which figures and documents will be useful next.
Discuss my first home