First-Time Buyer Mortgages

Buying your first home is a big milestone—and while exciting, it can also feel overwhelming. At WIS Mortgages, we make the process clearer, smoother, and stress-free. Our team is here to guide you through every step with honest, fee-free advice tailored to first-time buyers.

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Key Benefits

Low Deposit Options:

Access mortgage products with as little as a 5% deposit.

Exclusive Schemes:

We help you explore government-backed initiatives designed specifically for first-time buyers.

Step-by-Step Guidance:

From mortgage in principle to completion, we’ll explain the process in plain terms.

Whole-of-Market Access:

We search across a wide range of lenders to find the most suitable deal for your needs.

No Broker Fees:

Our service is completely free, so you can focus your finances on your new home.

Eligibility Criteria and Requirements.

Who Can Apply?

You may be eligible if you:

Are buying your first residential property in the UK
Have a minimum deposit (usually 5%–10%)
Meet the lender’s credit and affordability criteria
Plan to live in the property as your main residence

What are the Requirements?

You may be eligible if you:

Proof of income (3 months of payslips or latest self-employed accounts)
Photo ID and proof of address
Bank statements (typically last 3–6 months)
Proof of deposit (savings, gifted deposit letter, etc.)
Credit check consent

Please note: Meeting these criteria does not guarantee mortgage approval. All applications are subject to underwriting and affordability checks by the lender.

Instant Mortgage Quoting

Use the quick and simple quotation system to get a mortgage quote in seconds.

How the Application Process Work?

Applying for a mortgage through our service is straightforward

Book an Appointment

Book an appointment with one of our advisers to discuss your mortgage requirements. Be transparent about your situation so we make the whole journey much smoother for you.

Download MortgagX app

Download MortgagX app, fill in a few key details, select the recommended mortgage product, upload your documents and relax till we get your mortgage sorted.

Completion

Enter your new dream home!

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Processing times vary depending on lender efficiency and individual case complexity.

Important Information And Regulatory Disclosure

Risk Warning

Your property may be repossessed if you do not keep up repayments on your mortgage.

FCA Authorisation

This service is provided by WIS Mortgages, which is authorised and regulated by the Financial Conduct Authority.

Fee & Commission Disclosure

We act as a mortgage intermediary and may receive commission from lenders. A fee may be payable for mortgage advice, which will be disclosed clearly in advance.

Adviser Disclosure

This content is for informational purposes and does not constitute personalised financial advice. Mortgage advice will be provided after assessing your individual circumstances.

Frequently Asked Questions

Find answers to some of the most common questions about mortgages, applications, and our services.

Some lenders require at least a 5% deposit, though putting down more can unlock better rates and lower monthly payments.

Yes. You may qualify for the First Homes Scheme, Shared Ownership, or the Mortgage Guarantee Scheme depending on your circumstances.

This depends on your income and expenses. Typically, lenders offer 4 to 4.5× your annual income, though some stretch further with certain criteria.

An Agreement in Principle is a conditional statement of how much you may be able to borrow. A mortgage offer is a formal, approved loan from the lender.

No, we provide expert advice and support free of charge throughout your mortgage journey.

Yes. Some lenders accept applications during probation, especially if the job is permanent and your income is stable.

Not necessarily, but lenders may factor in your available credit limits, so it's worth reviewing your credit profile beforehand.

Yes. Monthly student loan repayments are considered part of your outgoings and may slightly reduce your borrowing amount.

Yes. Many lenders accept a gifted deposit or allow family support without needing full guarantor status.

Yes. You can get a Mortgage in Principle first to understand your borrowing power and show estate agents you’re serious.

Want to Talk it Through?

020 3011 1986 help@wismortgages.co.uk

We will be delighted to speak with you on the phone through our live chat feature now.

*Call us from Monday to Friday (9am to 6.30pm) and Saturday (9.30am - 3pm) We accept applications over the phone