A first-time buyer (FTB) is a term used in the British property markets, and in other countries, for a potential house buyer who has not previously owned a property.

A first-time buyer is usually desirable to a seller as they do not have to sell a property, and as such will not involve a housing chain. There are many factors a first-time buyer will need to consider before purchasing their first property, such as how much they will be able to borrow, how much they can afford to pay each month, how much initial cash they will need for stamp duty (stamp duty is currently not applicable to first time buyers if the purchase price is less than £250,00, solicitors fees and a deposit, which sort of mortgage they should use and how they should repay it.

your property may be repossessed if you do not keep up repayments on your mortgage.

We charge a fee of £500 for each mortgage application, please be aware we also receive procreation from the lender which is rebated back to the client.