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.

Get in Touch

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.

Get in Touch

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.

Get in Touch

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.

Get in Touch

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

Get in Touch

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)

Get in Touch

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
To Offer
To Completion

Contact Me For a No Obligation Quote

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