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First-time buyers trust us for our supportive, straightforward approach to getting on the property ladder. With 5% deposit options and access to Help to Buy schemes, we make home ownership more achievable. Our team of first-time buyer specialists offers step-by-step guidance throughout the entire process, providing clear, jargon-free advice to ensure you feel confident every step of the way.
Your free initial meeting:
We will begin finding your mortgage:
We offer complete support:
Our advisers are always available for a chat, get in touch to get started with your mortgage and protection needs.
To get started securing you mortgage as a first time buyer, you’ll need a few things throughout the application process; see below to help you prepare:
Ready to take the next step? Download one of our useful guides to explore how we can help your specific situation. Or use our repayment or affordability calculators to help budget.
The minimum deposit you’ll typically need is 5% of the property’s value. However, putting down a larger deposit—such as 10% or more—can give you access to better interest rates and a wider range of lenders. The exact amount can vary depending on your personal circumstances, credit history, and the type of mortgage you’re applying for.
There are several schemes designed to help buyers, especially first-time buyers, get on the property ladder. These include:
Shared Ownership – Buy a share of a property (usually 25% to 75%) and pay rent on the rest.
First Homes Scheme – Offers new-build homes to first-time buyers at a discount of at least 30%.
Lifetime ISA – Save for a deposit with a government bonus of 25% on contributions.
Right to Buy – Allows eligible council tenants to buy their home at a discount.
We can help you explore which options best suit your situation.
How much you can borrow depends on a range of factors, including your income, outgoings, credit history, and overall financial profile. Most lenders will offer between 4 and 4.5 times your annual income, although some may go higher for applicants with strong affordability. We’ll carry out a personalised assessment to give you an accurate idea of what you could borrow and match you with suitable lenders.
"I have had a number of dealings with Michael regarding financial matters, in particular with regard to mortgages. On each occasion, he has been thoroughly professional, reliable and informative. His assistance has helped save our family a substantial amount of money. I would not hesitate to recommend his services to anyone."
Find out why we’re different and experience a new level of tailored mortgage and protection advice. Book a free consultation today.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
2nd City Finance Limited is an Appointed Representative of Quilter Financial Services Limited which are authorised and regulated by the Financial Conduct Authority.
2nd City Finance Limited is registered in England and Wales. Company Number 13055699. Registered Address Advantage House, Stowe Court, Stowe Street, Lichfield, WS13 6AQ
The guidance and/or information contained in this website is subject to UK regulatory regime and is therefore targeted as consumers based in the UK.
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