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First-Time Buyer Mortgages

If you’ve got your heart set on your first home but are not sure what your next move is, allow Bliss Financial to be your guide.
first time buyer mortgage broker

Welcome to Bliss Financial Solutions, mortgage brokers for first-time buyers

If you’re a first-time buyer who is finding the mortgage market somewhat challenging to navigate, then you are certainly not alone. With numerous first-time buyer mortgages to choose from, selecting the most suitable deal is not always straightforward.

Rest assured, you’ve come to the right place.

At Bliss Financial, we help many first-time home buyers successfully apply for a mortgage. Whether you’re purchasing alone or with someone else, we have you covered. It is our mission to guide you through the home-buying journey, from our first chat right up until completion and beyond!

We pride ourselves on our open and honest communication and building great relationships with our clients. Take a look at what our happy customers have to say about us.

If you would like our help and advice to find the right mortgage deal, then please get in touch – we’d love to hear from you!

What is a first-time buyer?

A first-time buyer is someone who is venturing into the property market for the very first time with plans to purchase their first home. There are often many benefits to buying a home for the first time, including reduced fees, enticing mortgage deals and faster buying processes.

It is often an exciting time that comes with much anticipation and many questions, but with our support, you can navigate this new journey with confidence and ease.

How do first-time buyer mortgages work?

First-time buyer mortgages are specifically designed to help individuals and couples (as long as they are both first-time buyers) purchase their very first home. They work by providing a loan for the majority of the property purchase price, which will then be repaid over many years, with interest, through regular monthly payments.

There are many first-time buyer mortgage deals to choose from, which is why we are here to help. As your trusted mortgage advisor, we’ll guide you to the best deal on the market and handle the finer details so you can take that first step onto the property ladder with ease.

First-time buyer mortgages for young couples

If you’re looking to buy your first place with a significant other, then first – congratulations! The team at Bliss would love to help you to secure your perfect home together.

Most couples seek a joint mortgage, meaning that both incomes will be taken into consideration when calculating how much you could borrow. Using our mortgage calculator, we will work with you to assess how much you could borrow and comfortably pay back.

Your budget will be at the forefront of our minds when making our recommendations. We will also assess your credit rating with a reputable credit reference agency to ensure we can source the most cost-efficient product you are eligible for.

Mortgage rates for young couples

There are a number of different options available for your first-time buyer mortgage, which can be confusing. Together, we can decide on the right options for you.

We will discuss your mortgage term (i.e. the length of the mortgage) and take you through the pros and cons of a fixed-rate mortgage versus a variable-rate mortgage. Based on your preferences, we will source the most competitive interest rates to keep your monthly payment as low as possible.

First-time buyer mortgages for working professionals

If you are a working professional who is ready to take the leap and purchase your very first home, then you are in the right place. We will calculate how much you could borrow and discuss your monthly mortgage payments, ensuring it all sits nicely within your budget.

As your experienced mortgage advisers, we will keep you fully informed throughout the process. We will ensure that you have information on the ins and outs of the mortgage, including early repayment charges.

Mortgage rates for working professionals

If you’re unsure whether a fixed or variable rate mortgage is right for you or how long your mortgage term should be, then we can help. We’ll guide you through the options and then scour the market to find the ideal mortgage provider with the best rates available.

First-time buyer mortgage tips

If you are planning to apply for a mortgage, here are some useful pointers that can make it easier to be approved by a lender and secure your ideal home.

  • Make yourself attractive to lenders by proving you can keep up with your credit commitments and pay them on time. This shows you are a trustworthy borrower who can handle the financial responsibility of a mortgage.

  • Register yourself on the electoral roll. This gives your credit score a little boost and shows you are settled and responsible, as it lets the mortgage lender know where you live and how long you’ve lived there.

  • Remember to budget for the costs associated with buying your new home, such as legal fees, survey and valuation costs, insurance and other personal protection costs.

  • Check if you are eligible for government-funded mortgage guarantee schemes, such as Right to Buy or Shared Ownership mortgages. The terms and conditions can be a bit of a headache, but at Bliss, we are experts and can help you understand your options.

How much deposit do first-time buyers need for a mortgage?

The minimum deposit for a first mortgage is 5% of the purchase price of the property you are looking to buy. The more deposit you have available, the better, as you will qualify for a cheaper mortgage deal, resulting in smaller monthly payments.

How we do things at Bliss Financial

First things first, we’ll take the time to sit down with you over a cuppa to discuss your requirements. We’ll get a good understanding of your circumstances, preferences and what is important to you.

Then we’ll get busy searching the market to find the best deal to suit your personal circumstances and come back to you with our recommendations. You can rely on our advice as we are completely independent and have access to the whole of the mortgage market.

If you’re happy to proceed, we’ll obtain an Agreement In Principle (AIP), which will allow you to make an offer on the property you’ve set your sights on.

We will act as your point of contact throughout the entire mortgage application process. We know how exciting it is, so we’ll be sure to keep you constantly updated!

Frequently Asked Questions about first-time buyer mortgages

Do first-time buyers pay stamp duty?

No, as a first-time buyer, you do not pay stamp duty unless the property value is £425,000 or above. However, you will need to factor it in on any future properties you buy.

Can first-time buyers buy a house with no deposit?

The deposit you have available determines how much you could borrow. Usually, you require a minimum deposit of 5% of the property’s purchase price. However, this money could come from various sources, including a gift from a family member, savings, inheritance and even a personal loan.

When looking at high LTV (loan to value) mortgages, you must be sure that the monthly repayments are comfortably within your budget.

What is the Government’s mortgage guarantee scheme?

The mortgage guarantee scheme is a Government initiative that sets out to assist first-time buyers (and existing homeowners) in purchasing property with a 5% deposit. It essentially allows lenders to provide a 95% mortgage with the security of knowing that the Government will cover a portion of the loan if the borrower defaults.

There are, of course, lots of terms and conditions, which is why it is valuable to consult a professional mortgage broker such as Bliss Financial.

What type of insurance do I need?

When embarking on your first mortgage, it’s essential that you take out adequate protection in case your property is damaged or your circumstances mean you can no longer work.

Buildings insurance will cover you for loss and damage to your property and belongings, with certain conditions, of course.

Life insurance will give you the peace of mind that your debts will be paid should you or your partner pass away.

Critical Illness and Income Protection insurance will cover the cost of your mortgage if illness or injury makes you unfit to work, either short-term or permanently.

Buildings insurance is usually a condition of your mortgage, but we strongly urge all of our first-time buyer customers to consider extra insurance to protect them, their partner and their family.

Free Mortgage Advice

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Why choose Bliss Financial Solutions?

Here at Bliss Financial, we specialise in providing advice and sourcing mortgages for first-time buyers.

We pride ourselves in providing our clients with a friendly, attentive service that doesn’t just stop when they receive a mortgage offer. When you work with us, we will be with you all the way, right up until the point of receiving your keys upon completion!

So, if you are ready to take the next exciting step in your home-buying journey, then get in touch today, and we’ll be more than happy to guide you.

Our Mortgage & Protection Services

Reviews

Selected from a number online because they stated that they have experience working with people from the military. This was essential given how moving on assignment often can be a negative for many banks when it comes to lending. Amanda was excellent and the process was swift and easy. We had planned to visit face to face but the process was just as high quality over zoom and phone.
Richard S.
1719241519
Amanda is great, everything was explained clearly and always responsive to queries, would highly recommend.
Pavitar P.
1715942557
This is my second time remortgaging through Bliss and Amanda. The service provided has made my life stress free and Amanda was thorough with her research into what deal and term would be best for me based on economic uncertainty and where I am atthis point of my life.I'd not use any other mortgage broker ✨
Harriet L.
1714555801
Amanda was extremely knowledgeable and helpful from minute one. I am very grateful to her for diligently working within a fairly tight timeframe to identify and provide me with the right product.Her communication throughout was prompt and well-received. I look forward to using her services again.
James D.
1712577010
Excellent service. Fully deserving of 5 stars. Nothing to fault. Great communication and everything went through in time with no issues. Would highly recommend Amanda Marsden.
Luke H.
1711355993
Amanda was absolutely brilliant from start to finish. She helped us secure our forever home mortgageWould 100% recommend for anyone needing financial services of any kind!
James B.
1707399328
Absolutely perfect service from start to finish, no stress, no hassle can’t recommend enough. Thankyou
sarah W.
1707382538
We have used Amanda for many years. She knows exactly what she is talking about and offers the best advice. I cant recommend Amanda enough if you're thinking of getting a mortgage or going through a Re-Mortgage. She reassured us throughout the whole process and was in touch every step of the way. Thank you Amanda, here's to many more years.
David J.
1706516356
Amanda was amazingly helpful and made the whole process hassle free. Even when I changed my mind a few times nothing was a problem and the end result was exactly what I was looking for. I would highly recommend Amanda and the team
Atha D.
1705414093
We used Amanda a few years ago for our first mortgage. She was an absolute hero for us. She sat us down and explained everything thoroughly putting all out worries at ease as first time buyers. We had issues with our chain which meant our mortgage offer lapsed and Amanda was there every step of the way right through to the day we moved in. Due to remortgage in the next year or so and I will always go back to Amanda.
Anya K.
1705410372
Once again very helpful and prompt in helping us with remortgaging our property, highly recommended
Natasha G.
1704962573
Bliss WILL get you the best mortgage solution possible. The best mortgage broker around!!
michaela M.
1704403292
Amanda was absolutely brilliant from start to finish. She helped me secure my first mortgage and also helped with organising the best deals on life and home insurance for my house. Would 100% recommend for anyone needing financial services of any kind!
Nathan C.
1702901651
We specifically selected Bliss as financial advisors for our mortgage, as we'd read great reviews from other first time buyers. Amanda was so welcoming and helpful, introducing us to the whole process. We actually went to her thinking we were fish out of water, and wanting to but not expecting to but for a few years, just wanting to get our heads around it. However everything felt easy, quick and well explained and we were accepted for a within approx 2 months of starting our search. Amanda has been amazing throughout the entire process - even personalising the way she presented documents to us to suit our styles (me, needing to talk everything out and my partner more graphs and charts!). Evening appointments were organised to work around our work schedules. She was in constant communication with all stakeholders, chasing things up for us and since moving, also supporting with insurances. I'd highly recommend Bliss, and specifically Amanda for any financial advisory services however particularly first time buyers, as no question feels like a silly question. For future purchases, selling, and any other financial services - we will definitely return to Bliss.
Amber B.
1700778474
Great service. Professional, friendly and efficient. Amanda did a great job in advising me and then finding and securing the best mortgage to suit my situation
Ed T.
1693852746
Absolutely amazing service, couldn't have received any better. Very friendly and quick at replying to all enquiries. Very understanding of our circumstances which were difficult but still got us everything we needed for our new house. Thank you again Amanda, will be recommended you to everyone who needs a mortgage broker ☺️
Stacey G.
1693568255
Amanda helped us to secure our first mortgage. She was on hand for support all the way through the process and very helpful in explaining things in a more simple way to help us to understand. She kept in contact with us regularly throughout the process and really made us feel at ease. We cannot thank Amanda enough for her support and help.
Annise M.
1693395944
I came across Bliss financial solutions by google search when desperately trying to find a mortgage advisor who could do the impossible (secure a DiP quickly, that met my difficult short term self employment circumstances).Amanda from Bliss has been a pleasure to work with. The perfect balance of professional and friendly, incredibly organised and certainly not deterred by a challenge. I’m really grateful for the time and effort she put into my case to allow me to secure the house I wanted within the mandated timeframe. Thank you so much Amanda and Bliss for allowing us to get our new home 💜
heather U.
1690804558
I just want to say how amazing Amanda at Bliss financial is!!. My partner and I were looking at buying a shared ownership prooerty and everything started happening very quickly ... but Amanda just took over from the start and literally kept me at ease the whole way . Herprofessionalism throughout was second to none and helped with every aspect of the process. Thanks to Amanda we now have the most beautiful home and we will be forever grateful for everything she has done for us. I would 100% recommend Bliss Financial.
charlotte C.
1688067705
Excellent service. Amanda really took the stress out of remortgaging for us. Highly recommended
Amy G.
1685705446
Switching mortgages has always been a frustrating and time consuming experience but using Bliss made the process seamless and most importantly stress free! They were excellent and I would highly recommend their services.
Neil G.
1685702436
Amanda has been totally invaluable through our first home buying journey. Always on hand to answer the hundreds of questions with her excellent knowledge and guidance.I would absolutely recommend Bliss Financial Services.
Matt D.
1680857625
We have been in our new house for nearly 2 months now all thanks to Bliss Financial Solutions, Amy was amazing sorting our new mortgage out and talking us through everything we needed to know. Very smooth process with good communications. Thank you very much. 🙂
Donna G.
1679681542
Exceptional customer service, professionalism and market knowledge.
George R.
1677842342
Really excellent & supportive service from start to finish throughout mortgage process, from initial enquiry through to successful completion, friendly, knowledgeable and always happy to take time to answer any questions - great organisation.
Nella F.
1676471297
Brilliant lady Amanda, always positive knowledgeable and helpful. Have no doubts in recommending her and Bliss Financial Solutions
Jeff W.
1673889689
Very prompt and professional team. Helped us out no end! Highly recommended
Wayne C.
1672850939
I would like to thank Bliss Financial Solutions for amazing, professional and swift responses during the process of my first home purchase.It has been an absolute pleasure each time I have met you and will 100% have no hesitation for contacting you again for future requirements and highly recommending you.
Paul K.
1671467114
We have recently used Amy at Bliss to help us get a mortgage. After having a stressful time at high street banks and other mortgage brokers, we contacted Amy for help. Amy was absolutely excellent and the work she does is outstanding. Amy went above and beyond and managed to find us a mortgage in a matter of days. Throughout the whole process Amy kept us up to date and managed the mortgage application seamlessly despite a stressful time with other companies. I would like to express my many thanks to Amy and the team at Bliss for being so excellent and thanks to them we now have the keys to our new home.
Alicia
1671011325
My experience with Bliss Financial was excellent, everyone went above and beyond. Provided the best advice and more. Our mortgage was sort with out any stress. I will continue recommending to friends a family looking for mortgage advice.
emma W.
1670342174
First class customer service, highly recommend Bliss Financial Solutions LTD to anyone that values a professional, efficient and personal approach. Being first time buyer my partner and I had very limited knowledge around mortgages and all things connected. Amanda and her team went above and beyond to ensure we understood everything and provided advice when we had any questions with immediate response. Bliss financial limited we thank-you kindly for making the whole mortgage process so easy, you took all the strain off us especially need due to the birth of our daughter 3 weeks ago you made the mortgage process easy and hassle free. I will definitely be a customer for life and if there is anyway I can share your company’s profile on social media please let me know as I would love to recommend your service to others.Many thanks Melissa Hodgson, Andrew and Eloise - three very happy customers 😊
Melissa H.
1670009039
Amy and the team were absolutely amazing! Nothing was too big. We didn't really know much about the process and Amy explained everything so we fully understood! We couldn't have done it without the team 100% would recommend to anyone! Thank you all so much ❤️
Rebekah F.
1669569495
We used Bliss to re morgage our property. Amy was absolutely fantastic, made everything feel really easy, she was clear in all her explanations, open and honest with setting expectations, and really knowledgeable. The whole process was really smooth. We also discussed life insurance which was something of a priority giving we had just had a little boy recently. Amazing service. Would highly recommend. We will definitely be using again for any future mortgage or insurance needs.
Lauren A.
1668630784
Excellent service, they really came to the rescue after being messed about by our current lender, amazing absolutely amazing. Just wish we went to them sooner would have saved a big headache 😃
Michael C.
1668083105
Efficient and friendly. The team helped source the most appropriate mortgage for us at a very busy and pressured time for interest rates and timeframes. They were very helpful in expediting the completion when our solicitors were holding up proceedings. The little gift afterwards was much appreciated also. Would recommend.
Kirsty T.
1667838229
Bliss Financials was a vital part of my journey to home ownership in the UK. They always gave personalized yet professional advice and were always accessible and responsive all through the process. They were very thorough, transparent and client centered; offered and discussed all the available options to enable me make an informed choice. I would totally and wholeheartedly recommend their services and I am very grateful to Amy who handled most of the process as well as Amanda and Sophie. Great team/firm!
Nwosa C.
1667564382
I would like to praise the excellent service of the Bliss Financial Solutions LTD.I have a brilliant experience with this company. I was buying a house for the first time and Bliss Financial advised me on every step of the process (mortgage, insurance), offering me suitable options that I could choose from. I always got great offers and still was in control.All members of the team (Amy, Sophie, Amanda) are brilliant, very professional, friendly and responsive.I am very grateful to Amy (my consultant) as she did help me very much throughout the process, nothing was a problem,I received responses straight away and she also prompted other parties to act swiftly (lender, insurance companies, solicitor, etc.).If I need mortgage or insurance in future, I will definitely ask Bliss Financial for help again.
Michal P.
1667551722
I am now on my second mortgage which was arranged using Bliss. What an outstanding service. From start to finish the Bliss team were great in answering queries that I had. They even pushed to get me an extension to my offer seeing me secure a great rate before the recent rises. This certainly helped me secure my dream home. I would recommend Bliss to anyone who is after a professional and personable mortgage advisor.
Dean
1667510141
Amanda worked extremely hard and was really efficient is securing a fixed deal for me at a time when rates were being removed across the board. I would recommend them to anyone.
Andrew M.
1667468174
Excellent from start to finish. Every decision and option were made clear to us about the implications and any questions we had were answered in a timely manner, making remortgaging easier than I imagined it would be. Thank you to Bliss Financial Solutions for excellent service and attention to personal details that really made us feel like our priorities were put first. We will use again at our next remortgage and would recommend to anyone.
Melissa B.
1667381063
Excellent company, fast and responsive and a professional outfitI appreciate Amy’s swift advice on a deal to secure a good rate 12hrs before the rate changed
Adam L.
1667320388
What a fantastic service. I contacted Amanda via a friend recommendation. She was friendly and helpful. She passed me to Amy who was my advisor for the whole process.As a first time buyer, I was like a rabbit in the headlights. But Amy reassured me and made the whole thing a breeze, with regular contact and updates along the way.Thank you to you all.Highly recommend 😁See you when it's time to remortgage 😉
Steven R.
1666698830
We have used Bliss/Amanda for a number of mortgages now and the service has always been second to none!We have had complicated financial situations that the Bliss team have used their extensive knowledge to support and ensure we receive the best product for us.We always recommend Bliss to all our friends and family!Thank you to Amanda, Amy and Sophie
Samantha B.
1665563361
The staff are amazing and very helpful throughout the whole process, the rates are very competitive and the after sales service is second to none, I would highly recommend Bliss Financial to anyone.MarkAspire Property Rentals
Mark L.
1665401285
Any Lyons found us an excellent mortgage deal and then helped us through a long complex legal process regarding the house. She was there for us all the way through keeping us informed and chasing up when there were delays, Thank you Amy and her team.
Ken W.
1665142125
Amy has been amazing from the start of our process as first time buyers until completion. We had a few delays along the way due to waiting on a new build but Any was there to guide us through every step of the way to help us rearrange another mortgage and kept us regularly updated on the process. I have already recommended her to friends and family and wouldn’t hesitate to use her again when we remortgage.
Melissa N.
1665048918
Really happy with the service from Amy and Bliss Financial Solutions - Amy made sure everything was as straight forward as possible, was super communicative and really easy to deal with. Would not hesitate to recommend them.
Rachael G.
1664269233
Amanda was very helpful. Gave advice over a number of options for my situation. Many other companies didn't even bother calling me back. Will definitely go back to Bliss again in the future.
Lesley C.
1663770944
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