First Time Buyer Mortgages

Buying your first home in Plymouth or across Devon & Cornwall is a big step — and it can feel overwhelming. At Stuart Ash Mortgage Services, we make the process simple, clear, and personalised to you.

What is a First-Time Buyer Mortgage?

A first-time buyer mortgage is designed specifically for people purchasing their first home. These deals often come with:

• Lower deposit options – from 5%, although some lenders offer 1% and 2% deposit deals

• Product Benefits such as Cashback or Extended Affordability (subject to lender criteria)

• Flexible lending criteria and income boosters to help First Time Buyers meet mortgage affordability

We help you understand what you can borrow, what it will cost and how to secure the best mortgage deal available to you.

“Your home may be repossessed if you do not keep up repayments on your mortgage”

Protection Advice Plymouth

Common First Time Buyer Questions:

Do I need a Large Deposit?

Not necessarily. Some buyers get started with as little as 5%. There are even new products on the market that accept 1% or 2% deposits and some deals that require only £5000 total depsoit for your first mortgage.

What is an Agreement in Principle (AIP)?

An AIP provides you with an early indication of how much you can borrow. We can arrange this for you and provide current mortgage costs based on your circumstances. After completing an initial fact find we can process this for you within 24 hours.

How much can I borrow?

How much you can borrow depends on your income, deposit amount, outgoings and credit history. Each lender has different approach to assessing affordability. We will assess your circumstances and compare deals across the whole of market.

How much are mortgage advisor fees?

We offer a free initial consultation to assess your circumstances. We then charge a £199 advice fee for standard mortgage applications. This is great value considering the average mortgage broker cost across the UK. For more complex cases we can charge up to £349 for advice and implementation.

What fees should I budget for?

Fees may include:

– Mortgage Advice Fee – ours is £199 on application for standard cases

– Solicitors Fees – we can help you find quotes for this

– Stamp Duty Costs – depending on your final purchase price

What documents do i need to apply?

You will be required to provide:

– Proof of Income (payslips or self employed accounts)

– Bank Statements and proof of expenditure

– ID documentation

– Proof of Deposit (savings, ISA, Gifts)

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Caroline Tucker profile picture
Caroline Tucker
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I couldn't recommend Stuart highly enough! He is incredibly helpful, honest and genuinely cares about his clients. He takes the time to explain everything in a simple, easy-to-understand way and regularly checks in to make sure everything is going smoothly. Nothing is ever too much trouble, and no question is ever too silly. He is always approachable, patient and happy to help, which makes the whole process feel so much less daunting. It's so reassuring to have someone you can genuinely trust, who has your best interests at heart. Thank you, Stuart, for all your help and support!
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Jules northcott
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Stuart has been amazing from the very beginning, extremely professional, friendly and has sourced the best mortgage for me. I thoroughly recommend him.
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Gin profile picture
Gin
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Stuart is an exceptional mortgage advisor, and I would highly recommend him. As first time buyers, we were naive to the processes involved in purchasing a property - Stuart was patient with any questions and responded very quickly via email and text messages. He kept us informed on our best options, regularly checked in on the status of our mortgage offer and - most importantly - always acted in our best interest so we could get the best deal. We felt in good hands! Thank you, Stuart!
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Mike Jones profile picture
Mike Jones
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Stuart gave us superb, knowledgable and independent advice about equity release. Even though ultimately it wasn't feasible with our property he devoted hours of work to really explore all the possibilities in the market at no cost to ourselves. He treated us with care, honesty and transparency and approached our situation as unique rather than a tick box exercise. He was also very prompt and responsive. Highly recommend!
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Hannah Pace profile picture
Hannah Pace
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Stuart has been brilliant since the day we called him, very prompt with every aspect of getting our mortgage and the best deal possible.
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Rachael Komakowska profile picture
Rachael Komakowska
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Stuart provided an excellent service, is incredibly knowledgeable in his field and dedicated to finding a solution. I highly recommend him.
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Laura Keith profile picture
Laura Keith
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Stuart has been absolutely fantastic with helping us with get a mortgage as first time buyers. He was responsive and helpful despite me having a million and one questions. Planned for every contingency given our circumstances and made sure he got the best deal for us. Highly recommend Stuart!!
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Lisa Alden profile picture
Lisa Alden
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Stuart was recommended to me and so happy he was as he made the process of buying my next home very smooth and easy, he made sure I was well informed throughout so I knew that everything was on track. Definitely recommending to family & friends.
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Edward Watson profile picture
Edward Watson
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Stuart did a fantastic job with our remortgage. He made the whole process incredibly simple, and did a great job of explaining our options to us. I would highly recommend!

Independent – Dedicated – Professional

Complete transparency

I believe in complete transparency regarding our advice fees.

  • I charge a £199 advice fee for Mortgage Advice which is payable on full mortgage application.

  • I charge a £349 advice fee for Adverse/Low Credit Score & Retirement Interest Only mortgages.

  • For Equity Release cases, I charge a £995 advice fee on application for all advice and implementation.

  • Upon completion of your mortgage I get paid a commission by your chosen lender which is based on the total loan amount.

From Initial Meeting

Contact Me For a No Obligation Quote

Contact info@stuartashmortgageservices.co.uk for a free no obligation chat