First-Time Buyer Mortgages
Expert mortgage advice that makes getting on the property ladder simpler, faster, and more affordable — wherever you are in your journey.
Introduction
What is a First-Time Buyer Mortgage?
Buying your first home is one of the most significant financial decisions you will ever make, and navigating the mortgage market alone can feel overwhelming. A first-time buyer mortgage is designed specifically for people who have never owned a residential property before, often coming with features such as lower deposit requirements, government scheme compatibility, and access to exclusive lender rates unavailable on the open market.
At West London Property & Let, we work exclusively as a mortgage intermediary, meaning we are not tied to any single lender. Instead, we search across a carefully selected panel of high street banks, building societies, and specialist lenders to find the mortgage product best suited to your circumstances — your income, deposit size, credit history, and long-term goals.
Whether you are eyeing a flat in Ealing, a terrace in Hammersmith, or a new-build in Hounslow, our brokers understand the UK property market intimately and will guide you from your very first enquiry all the way through to completion.
Who is it for?
Is a First-Time Buyer Mortgage Right for You?
You are likely eligible for first-time buyer mortgage products if you meet the following criteria
- You have never owned a residential property in the UK or abroad
- You have a deposit of at least 5% of the purchase price (10–20%+ unlocks better rates)
- You are employed, self-employed, or can evidence a regular income
- You have a reasonable credit history (though specialist options exist if you don't — see our Adverse Credit page)
- You are purchasing as a sole applicant or jointly with another first-time buyer
- You may be looking to use the Lifetime ISA, Help to Buy Equity Loan (legacy schemes), or Shared Ownership
Why Choose West London Property & Let?
Whole-of-Market Access
We are not restricted to a single lender's products. We compare deals from across our panel — including exclusive broker-only rates — to ensure you are getting the most competitive mortgage available to you.
No Jargon, No Pressure
Our advisers explain every option in plain English and never rush you into a decision. We want you to feel confident and fully informed before you sign anything.
End-to-End Support
From Agreement in Principle through to completion, we handle the paperwork, liaise with lenders on your behalf, and keep you updated at every stage of the process.
How it works
Initial Consultation
We start with a free, no-obligation call to understand your situation — your deposit, income, and the type of property you are looking to buy.
Agreement in Principle
We identify suitable lenders and secure an Agreement in Principle (AIP) so you can make offers with confidence.
Full Application
Once your offer is accepted, we manage the full mortgage application, gathering documents and communicating with the lender on your behalf.
Completion
Your mortgage offer is issued, contracts are exchanged, and you receive the keys to your new home.
FAQs
How much deposit do I need as a first-time buyer?
Most lenders require a minimum deposit of 5% of the property's purchase price, though having 10% or more will usually give you access to better interest rates and a wider range of products.
Can I get a mortgage if I have a small amount of bad credit?
Yes, in many cases. Some lenders specialise in borrowers with minor credit issues such as a missed payment or a small default. Our brokers will assess your credit profile and match you with the most appropriate lender.
What government schemes are available to first-time buyers?
Currently available schemes include Shared Ownership and the Mortgage Guarantee Scheme. We will advise on which, if any, are suitable for your situation.
How long does the mortgage application process take?
From initial enquiry to mortgage offer typically takes two to six weeks, depending on the lender's workload and how quickly documents are provided. The full purchase process (including conveyancing) can take two to four months.
Does using a broker cost more than going direct?
Not necessarily. Broker-exclusive rates often mean you pay less overall. We are transparent about any broker fees upfront, and in many cases our advice pays for itself through the savings we secure.