FCA REGULATED · FIRST TIME BUYER SPECIALISTS
Getting First Time Buyers onto the Property Ladder
Buying your first home can involve a lot of unfamiliar decisions. Verona Mortgages provides clear, straightforward first-time buyer mortgage advice, from understanding your deposit and borrowing options through to your mortgage application and completion.
Explore a Wide Range of Lenders
We explore mortgage options across a wide range of lenders and different lending criteria.
Understand the Process
We explain each stage of buying your first home, so you know what happens next and what you need to prepare.
Professional Mortgage Advice
Clear mortgage advice based on your circumstances, with support throughout the process.
Here Every Step of the Way
Your adviser remains your point of contact throughout your mortgage journey, from your initial enquiry through to completion.
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What First Time Buyers Need to Consider
Buying your first home comes with plenty of new decisions. Understanding the key things to consider early can make the mortgage and home-buying process easier to navigate.
- How much you can borrow based on your income and deposit
- Government schemes - Lifetime ISA, mortgage guarantee and shared ownership
- 5% deposit mortgages and lenders who accept gifted deposits
- Fixed vs tracker rates and how the different options work
- All costs involved stamp duty, solicitor fees and survey costs
the process
How We Get You Your First Mortgage
01
Tell Us Your Plans
Complete our secure online form through the Acre client portal. Tell us about your income, deposit and the type of property you are looking for.
02
We Explore Your Options
We explore mortgage options from a wide range of lenders, considering products and lending criteria relevant to your circumstances.
03
We Handle The Rest
From submitting your mortgage application to liaising with the lender and other parties involved, we manage the process and keep you updated as it progresses.
FIRST-TIME BUYER OPTIONS
Making Your First Home More Affordable
There are different options that may make buying your first home more achievable, depending on your deposit, circumstances and eligibility. We can explain how these options work alongside your mortgage.
Lifetime ISA
Save up to £4,000 each year and receive a 25% government bonus of up to £1,000 a year. A Lifetime ISA can be used towards an eligible first-home purchase, subject to the scheme rules.
Mortgage Guarantee Scheme
The permanent Mortgage Guarantee Scheme supports the availability of mortgages for eligible buyers with deposits as small as 5%, through participating lenders.
Buy a share of an eligible property and pay rent on the remaining share. Depending on the property and scheme, the initial share can typically be between 10% and 75%.
MEET THE ADVISERS
Speak With a Mortgage Adviser
Get to know the people behind Verona Mortgages. Our Mortgage Advisers provide personal mortgage support from your initial enquiry through to completion.
Yousef Gholami
Mortgage Adviser
Speak directly with Yousef about your mortgage options and next steps. Clear, straightforward advice based on your circumstances.
Daniel Mehrnia
Mortgage Adviser
Speak directly with Daniel about your mortgage options and next steps. Clear, straightforward advice based on your circumstances.
Mohammad Sharif Zadeh
Mortgage Adviser
Speak directly with Mohammad about your mortgage options and next steps. Clear, straightforward advice based on your circumstances.
Shaghayegh Pouravin
Mortgage Adviser
Speak directly with Shaghayegh about your mortgage options and next steps. Clear, straightforward advice based on your circumstances.
FREQUENTLY ASKED QUESTIONS
First-Time Buyer Questions, Answered
Buying your first home can bring plenty of questions. Here are answers to some of the things first-time buyers commonly want to know.
How much deposit do I need as a first-time buyer?
The deposit you need will depend on the property, lender and mortgage available to you. Some mortgages may be available with a 5% deposit, while a larger deposit can give you access to a wider range of mortgage options.
How much could I borrow for my first mortgage?
The amount you may be able to borrow depends on factors including your income, regular commitments, deposit and the lender’s affordability criteria. We can look at your circumstances and explore the mortgage options available to you.
Can my family help with my mortgage deposit?
Yes, some lenders accept gifted deposits from family members. The lender will usually need information about where the money has come from and may require confirmation that it is a gift rather than a loan.
What costs should I budget for when buying my first home?
Alongside your deposit, you may need to budget for costs such as solicitor or conveyancing fees, surveys, mortgage-related fees, moving costs and any applicable property taxes. The costs will depend on your purchase and circumstances.
Can I get a mortgage before I have found a property?
You can usually obtain a Mortgage Agreement in Principle before finding a property. This gives you an indication of how much a lender may be prepared to lend, subject to a full mortgage application, affordability checks and the property.
What happens after my mortgage application is submitted?
The lender will assess your application, carry out the necessary checks and arrange a valuation of the property where required. Your adviser will keep you updated as the application progresses and let you know if the lender needs anything further.
Ready to Take the Next Step?
Book your consultation and talk through your mortgage options with an adviser.