First time buyer

Mortgage advice that’s as unique as you are

Getting the right mortgage advice is so important. Our expert team offer mortgages from a wide range of lenders and we search hundreds of mortgage products to find you a great deal. Once we have found you a mortgage deal, we will complete all the paperwork, submit the application to the lender and guide you through the legal process until completion.

Whether you are looking to remortgage, move home or buy your first property our friendly mortgage team are here to help.

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 is most suitable for 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, tiling 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 budget for expenses such as council tax, gas and electricity bills, boiler servicing, and other home repairs.

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.

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

What our customers say about us

Happy clients are the bedrock of any business and ours is no exception. Read our testimonials below.

    
 
 
      Trustindex verifies that the original source of the review is Google. I can’t recommend Saj at MIT Financial Consultants highly enough. She was outstanding from start to finish and went above and beyond throughout the entire mortgage process. Saj kept me fully up to date at every stage, was always available, incredibly responsive, and answered the phone quickly whenever I needed her. What really set her apart was that she continued monitoring and changing the mortgage rates right up until completion, ensuring I secured the very best rate available. Her dedication, attention to detail, and genuine commitment to getting the best outcome made the whole experience smooth and stress-free. An exceptional service from start to finish.
  
  Posted on Google  
 
    
   Kishan 
 
 
 
 
     Trustindex verifies that the original source of the review is Google. Excellent advice and very professional service to make it a hassle free process. Saj, who managed my application was very pro-active and helpful and managed to secure an even better rate prior to completing which was very much appreciated in the current climate! Highly recommend MIT Financial Consultants!
  
  Posted on Google  
 
    
   Dharmen Rao 
 
 
 
 
     Trustindex verifies that the original source of the review is Google. Excellent financial advise, quoting the best rates for us in a difficult economic climate. Found the best mortgage rates for us out there and made remortaging easy. Highly recommended and would go back to them every time. Cannot fault their service always getting back with answers very quickly and very knowledgeable.
  
  Posted on Google  
 
    
   Amar Raja 
 
 
 
 
     Trustindex verifies that the original source of the review is Google. I have been using MIT Financial Consultants for a few years now and would highly recommend them. Both Jay and Saj are fantastic. They ensure the process is completed in a timely manor with ease and maintain the highest level of professionalism at all times. Thank you very much Jay and Saj.
  
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   The Nude Collection 
 
 
 
 
     Trustindex verifies that the original source of the review is Google. Extremely helpful with the mortgage lending process and with their help all issues were handled and dealt with in a professional manner.  I would use them again and definatley recommend them for other financial matters.
  
  Posted on Google  
 
    
   Kamlesh Lad 
 
 
 
 
     Trustindex verifies that the original source of the review is Google. I have been dealing with MIT for quite some time. It happened to be pure luck but I honestly do not think I could have found a better broker for myself - their quality of service and advice is excellent and I really enjoy working with them.
  
  Posted on Google  
 
    
   Rai P 
 
 
 
 
     Trustindex verifies that the original source of the review is Google. Both Jay and Saj made our experience very smooth. Very helpful and excellent customer service. I would highly recommend MIT Financial to anyone that is looking for a mortgage at great rates. Thanks Jay and Saj. Much appreciated.
  
  Posted on Google  
 
    
   Jayna Meghani 
 
 
 
 
     Trustindex verifies that the original source of the review is Google. Absolutely fantastic service!! We use MIT financial over and over again and have been using them for years including our extended family as the service is always best in class, reliable and very professional! Would very highly recommend their services!
  
  Posted on Google  
 
    
   Reena Tank 
 
 
 
 
     Trustindex verifies that the original source of the review is Google. Jay and Saj offer the best service, they literally take the hassle out of the process and offer unbiased advise. They have helped me with personal and business morgages including HMO . Thanks guys
  
  Posted on Google  
 
    
   Hitesh Kanbi