Helping you find the perfect mortgage solution tailored to your unique circumstances and financial goals.
From finding your dream home to completing the purchase, we'll guide you through every step of the property buying process.
Use our calculator to get an estimate of how much you could borrow for a mortgage based on your income and financial situation.
Call 0800 862 0811Fill in your details below and one of our mortgage advisors will call you back.
By submitting this form, you agree to our privacy policy.
Lenders determine your borrowing capacity using income multiples, typically offering around 4-4.5 times your annual income (or joint income for couples). Beyond this initial calculation, they'll conduct a detailed affordability assessment reviewing:
A deposit serves two crucial purposes: demonstrating your financial discipline and reducing the lender's risk. Larger deposits typically secure more favourable interest rates.
Minimum requirements:
For the most advantageous mortgage terms, aim to save at least 10-15% of the property value.
Buying your first home can seem daunting, but we're here to guide you through each step of the process.
Most lenders require at least 5-10% of the property value as a deposit. Government schemes like Help to Buy and Lifetime ISAs can help boost your savings.
Most lenders require at least 5-10% of the property value as a deposit. Government schemes like Help to Buy and Lifetime ISAs can help boost your savings.
Check your credit score, gather necessary documents, and understand your budget. We'll help you prepare for the mortgage application process.
Check your credit score, gather necessary documents, and understand your budget. We'll help you prepare for the mortgage application process.
With a mortgage in principle, you can start viewing properties within your budget and make offers with confidence.
With a mortgage in principle, you can start viewing properties within your budget and make offers with confidence.
Once your offer is accepted, we will research to find the best deals and submit your application to the lender.
Once your offer is accepted, we'll guide you through the legal process, surveys, and final mortgage application to completion.
Congratulations! You've completed your purchase and can now move into your first home. We'll still be here for any future mortgage needs.
Congratulations! You've completed your purchase and can now move into your first home. We'll still be here for any future mortgage needs.
Buying your first home can seem daunting, but we're here to guide you through each step of the process.
Most lenders require at least 5-10% of the property value as a deposit. Government schemes like Help to Buy and Lifetime ISAs can help boost your savings.
Check your credit score, gather necessary documents, and understand your budget. We'll help you prepare for the mortgage application process.
With a mortgage in principle, you can start viewing properties within your budget and make offers with confidence.
Once your offer is accepted, we'll guide you through the legal process, surveys, and final mortgage application to completion.
Congratulations! You've completed your purchase and can now move into your first home. We'll still be here for any future mortgage needs.
Friends Capital have existing relationships with first time buyer mortgage lenders. We can search the entire market and get access to the best and most exclusive deals available. Then we will choose the deal that is most appropriate to your personal circumstance. We can:
Our experienced mortgage advisors understand the challenges first-time buyers face and are dedicated to making your journey onto the property ladder as smooth as possible. We'll be with you every step of the way.
Have a question about mortgages or want to book a consultation? Fill out the form and one of our expert advisors will get back to you shortly.
0800 862 0811
info@friendscapital.co.uk
Beehive Works, Milton St
Broomhall, Sheffield S3 7WL
Monday - Thursday: 9:00am - 5:30pm
Friday: 9:00am - 3:00pm
Buying a property involves several key steps. Here's what you can expect during the purchase process.
Understand how much you can afford to borrow and what your monthly payments might be. Consider additional costs like stamp duty, legal fees, and moving expenses.
This gives you an indication of what you might be able to borrow, making you a more attractive buyer when you make an offer.
Search for properties within your budget, considering location, property type, and your specific requirements.
When you've found a property you like, make an offer through the estate agent, who will negotiate on your behalf.
Once your offer is accepted, you'll need a solicitor to handle the legal work and a surveyor to check the property's condition.
Exchange of contracts makes the deal legally binding. Completion is when you get the keys and the property becomes yours.
There are several government-backed schemes designed to help first-time buyers get onto the property ladder.
If you're aged between 18 and 40, the government could add a 25% boost to your savings (up to a maximum boost of £1,000 per year) until you're 50.
However there are very small number of building societies and banks that offer this.
This scheme gives tenants who rent from a council or local housing association the chance to buy the home they live in.
Significant discounts may be available based on how long you've been a tenant.
Available to people under 40 years old, this scheme aims to offer first-time buyers one of around 200,000 new homes priced 20% less than their market value.
These homes are built on brownfield sites specifically for first-time buyers.
Allows you to co-own a property with a landlord (typically a council or housing association).
You can buy between 25% and 75% of the property and pay rent on the remainder.
Lenders determine your borrowing capacity using income multiples, typically offering around 4-4.5 times your annual income (or joint income for couples). Beyond this initial calculation, they'll conduct a detailed affordability assessment reviewing:
A deposit serves two crucial purposes: demonstrating your financial discipline and reducing the lender's risk. Larger deposits typically secure more favourable interest rates.
Minimum requirements:
For the most advantageous mortgage terms, aim to save at least 10-15% of the property value.
The timeline for remortgaging varies significantly depending on your situation. Staying with your current lender (a "product transfer") can be remarkably quick and straightforward, often completed within 1-2 weeks. However, switching to a new lender typically takes 6-10 weeks due to additional paperwork, property valuations and legal requirements.
Friends Capital Tip: "To avoid potential payment increases, begin your remortgage search 4-6 months before your current deal expires. This provides ample time to explore options and complete the process without rushing."