First-Time Buyers
Taking your first step onto the property ladder — we'll guide you through every stage.
Buying your first home is one of the most significant financial decisions you will ever make. The mortgage market can feel overwhelming — with hundreds of products, varying rates and complex eligibility criteria. Our independent advisers are here to make the process as clear and straightforward as possible.
We take the time to understand your individual circumstances, explain your options in plain language, and search the whole market to find the mortgage that is right for you — not just the one that is easiest to arrange.
How We Help First-Time Buyers
1. Understand What You Can Borrow
We start by assessing your income, outgoings and credit profile to give you a clear picture of how much you can borrow and what your monthly repayments are likely to be.
2. Find the Right Mortgage
With access to the whole of the market, we compare hundreds of products from lenders across the UK — including deals not available directly on the high street — to find the most suitable option for you.
3. Support Through to Completion
We handle the paperwork, liaise with lenders on your behalf, and keep you informed at every stage — from mortgage offer through to the day you collect your keys.
Costs to Consider
Beyond the deposit and monthly repayments, there are a number of additional costs involved in buying your first home. Our advisers will help you plan for all of these:
- How much deposit you have saved
- Government schemes such as the Help to Buy ISA or Lifetime ISA
- Stamp Duty Land Tax (SDLT) — first-time buyers may be exempt up to certain thresholds
- Solicitor and conveyancing costs
- Survey and valuation fees
- Buildings and contents insurance
- Life assurance and mortgage protection
How Much Deposit Do You Need?
Most lenders require a minimum deposit of 5–10% of the property's purchase price, though a larger deposit will typically give you access to better mortgage rates and lower monthly repayments. We will help you understand the relationship between your deposit size and the rates available to you.
If you are saving towards a deposit, we can also advise on tax-efficient savings vehicles such as the Lifetime ISA, which provides a government bonus of 25% on contributions up to £4,000 per year.
SBC Financial is a trading style of Steven John O'Neill, who is authorised and regulated by the Financial Conduct Authority. FCA reference number: 997666. The information on this page is for guidance only and does not constitute financial advice. Your home may be repossessed if you do not keep up repayments on your mortgage.
Take the first step towards owning your home — speak to one of our independent advisers today.
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