Are you a First-Time Buyer?
As a first-time buyer, navigating the market can be daunting. At Henry Dannell, we pride ourselves on delivering a bespoke service that offers clarity and support throughout every step of your journey toward your new home.
5-Star-Rated Customer Experience
Whole-of-Market Access
Tailored Guidance & Advice
Please note: a mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.
The start of a new journey
The process of securing finance for a mortgage, whatever stage you are at in your professional career, can be complex and daunting. We will take you through the journey step-by-step and provide you with regular updates to make it as simple as possible. All of this while also helping to secure the best rate and solution, tailored to fit your current circumstances.
What schemes are available to a first-time buyer?
There are various schemes available to support first-time buyers – you may be eligible for the Shared Ownership Scheme or the First Homes Scheme.
A new 100% mortgage product launched in May 2023 for renters, which removes the need for a deposit. Many mortgage lenders are now also offering a 95% Mortgage Scheme, where the government has agreed to underwrite a portion of the loan.
At Henry Dannell, we can assist in finding the best solution for you based on your current circumstances.
Please note: the Shared Ownership scheme is available in England only. For more information, visit gov.uk/shared-ownership-scheme. The Welsh Government, Scottish Government and Northern Ireland Housing Executive run similar schemes – check out their websites. Please also note: mortgage deals may not be available, and lending is subject to individual circumstances and status.
Unlock the Secrets to Buying Your First Home
Download guide nowMortgage CalculatorCalculate your monthly repayments
Please note: a mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. This information does not contain all of the detail you would need to choose a mortgage. Make sure you read the provided individual European Standardised Information Sheet (ESIS) which most lenders in the UK refer to as the ‘Mortgage Illustration’ before you make a decision. The Mortgage Illustration gives you tailored information based on a particular mortgage and the level of lending you require which is important to help you make your decision. This includes associated rates and fees, the overall costs of the mortgage and your monthly repayments. PLEASE NOTE THIS DOES NOT CONSTITUTE MORTGAGE ADVICE AND THE FIGURES SHOWN ARE PURELY A GUIDE. THE ACTUAL RATE AVAILABLE WILL DEPEND UPON YOUR CIRCUMSTANCES. PLEASE ASK FOR AN ESIS.
Our First-Time Buyer Case Studies
How we’ve helped our clients
First-Time Buyer | Complex Income
We were able to source a lender that was willing to use the strength of both clients’ professions - with applicant one’s latest figures in isolation, in conjunction with the full value of applicant two’s current contract, with added evidence of previous renewals at the current level.
First-Time Buyer | Self-Employed Contractor
Our client experienced multiple issues when speaking with banks directly, prior to instructing us. The main issue she faced, was many high street banks did not understand how her income was structured. This meant her delaying the purchase of a property until speaking with us, to find her a solution.
Residential Mortgage | Complex Income
With our understanding of the income structures of accountants and barrister's income, we were able to evidence the onward sustainability and upward trajectory of both incomes. We were also able to provide our analysis of previous mergers to offer the lender further confidence that the income for Applicant two was...
New Residential Purchase | Outstanding Loans
We were able to source a lender willing to offer at 5.5 times the client’s income, without factoring in the current residential mortgage, on the basis we could evidence consent to let and provide expected rental estimates from local agents.
What our clients say…
‘As a self-employed, first-time buyer, getting a mortgage seemed a daunting prospect - Henry Dannell made the whole process pain-free.’
Barrister