Helping you take your first step onto the property ladder
Buying your first home is a big moment and at Maxwell Mortgages, we’re here to make the journey easier, clearer, and a lot less stressful. Whether you’re just starting to think about buying or already have a property in mind, we’ll guide you through each step with straightforward advice and personalised support.
What is a First-Time Buyer Exactly?
You’re classed as a first-time buyer if you’ve never owned, inherited, or been gifted any residential property or land in the UK or abroad – regardless of its value or whether you lived there.
You're not a first-time buyer if:
- You’re buying with someone who owns (or has previously owned) a home
- You’ve inherited a property, even if it’s been sold and you never lived in it
- You jointly own a property or a share in a property
- Someone who already owns a property (like a parent) is buying on your behalf
If you're unsure whether you count as a first-time buyer, we’ll happily clarify things for you.
How Can a Mortgage Broker like Maxwell Mortgages Help First-Time Buyers?
Working with a mortgage broker like Maxwell Mortgages means you don’t have to figure it all out on your own. Here’s how we make things easier:
- We compare mortgage deals for you – including exclusive rates not available to the public
- We take care of the paperwork – and keep things moving so you’re not stuck in limbo
- We give you honest, jargon-free advice – so you understand your options, risks, and what to expect
- We guide you through each step – from agreement in principle through to full mortgage offer
- We help you access government schemes – if you’re eligible, we’ll help you make the most of them
Our job is to make sure you feel confident, informed, and supported from day one.
How Much Can You Borrow as a First-Time Buyer?
Your borrowing amount depends on what you can realistically afford to repay each month.
Mortgage lenders will assess this based on:
- Your credit score and financial history
- Your income (including salary and any bonuses or additional income)
- Your monthly outgoings and debts
- Your deposit size
We’ll help you get an early idea of what you might be able to borrow – and how to improve your chances of getting the best possible deal.
Step-by-Step: How to Get Your First Mortgage
- Work out your deposit
The more you can save, the better mortgage rates you’ll have access to. - Get a Mortgage Agreement in Principle (AIP)
This gives you a good idea of your affordability and helps show sellers you’re serious. It involves a soft credit check and isn’t a binding commitment. - Find a property and make an offer
Once accepted, it’s time to formally apply for a mortgage. - Submit your mortgage application
We’ll help with this and liaise with the lender on your behalf. This process includes checking your income, credit score, affordability, and a full (hard) credit check. - Wait for approval
Mortgage applications can take a few weeks. We’ll keep you updated throughout. - Factor in other costs
Don’t forget stamp duty (though many first-time buyers are exempt) and solicitor fees. We’ll help you plan ahead so there are no surprises. - Choose the right mortgage
Whether it’s a fixed-rate, tracker or something more flexible, we’ll help you pick what’s best for your situation and long-term plans.
Start Your Journey with Confidence
Important information
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances. A typical fee is £495.