Your First Step to Home Ownership is Reachable
Turning First-Timers Into Homeowners with Confidence
Embark on your journey to owning a home with confidence and clarity. Our expert guidance simplifies the process, ensuring you make informed decisions every step of the way.
Navigating Your First Home Purchase
Buying your first home is an exciting milestone, and at Approvable, we are here to make it as seamless as possible. Our step-by-step approach demystifies the home buying process, from getting a Decision in Principle to collecting your House keys for your new home. We empower first-time buyers with everything you need to confidently secure your first home and keep it for as long as you choose to. Trust us to be your reliable partner in achieving and living your dreams.
For just a nominal fee—£195, you’ll gain access to expert mortgage advice that’s designed to help you achieve your homeownership goals. We then charge a 0.1% Completion fee once you have secured keys to your property. This fee is intentionally kept well below industry standards, ensuring you get the highest value without any barriers. We believe in earning your trust, which is why some of our fees are only charged once you’ve secured the keys to your new home—in this way, you know we’re fully committed to making your first property a reality.
PLEASE DO NOTE THAT YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH REPAYMENTS ON YOUR MORTGAGE.
Why make Approvable your Mortgage Broker ?
Securing The Right Mortgage
In today’s ever-changing lending landscape, finding the right mortgage deal isn’t easy and requires expert guidance. Lenders consider a wide range of factors beyond just your income and deposit, making it nearly impossible to predict which lender will approve your application without professional help. Navigating mortgages as a first-time buyer can be daunting, but we’re here to make it simple.
Expert Guidance
Using advanced tools and up-to-date market insights, we match you with lenders who fit your unique circumstances—considering everything from income to spending habits. We even consult lenders directly to boost your chances of approval, ensuring you get the right deal with confidence. Let us do the hard work so you can focus on your new home.
Support from Start to Finish
Having a lender reject your application can negatively impact future attempts, which is why working with a broker like ourselves is more essential than ever. At Approvable, we take care of everything for you—liaising with lenders, solicitors, accountants, and even valuers—ensuring the entire process runs smoothly. As a first-time buyer, you don’t need to know it all; we’ll keep you informed at every step, providing expert support to keep you on track and moving toward your dream home with confidence.
Common Questions from First-Time Buyers
Buying your first home is an exciting journey, but we know there are a whole load of questions on your mind. Below are some frequently asked questions to guide you through the process.
What is the first step in buying a home?
The first step is to get a Decision in Principle for a mortgage. This will help you understand your affordability and ability to get a mortgage. It will also be required by Estate Agents in order to show sellers you are a serious buyer.
How much should I save for a Deposit?
Typically, a Deposit starts from 5% on some schemes but would typically be 10% or 15% of the home’s purchase price. It’s important to speak with us to determine what’s best for your situation.
What if I don’t meet standard lending criteria?
Don’t worry. At Approvable, we work with a range of lenders offering tailored solutions for unique circumstances, like irregular income, skilled worker/investor visas etc. Contact us at contact@approvable.co.uk.
How long does the home buying process take?
The process can take anywhere from a couple of days to a few weeks, depending on various factors such as your personal circumstances, valuation and mortgage underwriting
Can I buy a home with student loan?
Yes, you can. Lenders will consider your debt-to-income ratio to ensure you can manage mortgage payments alongside your student loan.
What is a fixed-rate mortgage?
A fixed rate mortgage is a mortgage where the interest rate remains the same for a set period of time. This means that your monthly repayments will also stay the same during that period.Â
Can I still get a mortgage if I have adverse credit or a CCJ?
Having adverse credit, including CCJs, does not automatically rule you out from securing a mortgage. At Approvable, we have access to a wide range of lenders who specialize in working with individuals who may have had credit challenges in the past. Each lender has different criteria, and some may be more understanding of your situation, offering you opportunities that you might not find with traditional lenders. Don’t let bad credit hold you back—get in touch with us at contact@approvable.co.uk.
How do I improve my credit score before buying a home?
Pay your bills on time, reduce your debt, and avoid opening brand new credit accounts before applying for a mortgage. Also avoid multiple credit searches on your credit file as it can have a detrimental effect on your credit report.
What should I look for in a Estate agent?
Look for an agent with experience in the market, good communication skills, and a track record of helping first-time buyers successfully purchase homes.
From Keys to Comfort: Helping You Settle In
As part of our commitment to supporting you through every step of the home-buying journey, we offer a packing and moving service through our trusted partners. Carefully vetted for their professionalism and reliability, they will ensure your belongings are handled with care and your move is as smooth and secure as possible. This is handled by a separate company and we facilitate this to help our customers beyond mortgages.Â
From application to the moment you settle into your first home, we’re here to make the process effortless and stress-free, keeping a smile on your face from the moment you meet us, till you move into your first home.Â
Our packing and moving service is seamlessly integrated into the whole application package. This allows us to provide comprehensive support during this exciting new chapter in your life, ensuring you can focus entirely on the joy of your new beginning while we handle the logistics. If you’re interested in this service, simply let your expert advisor know during the fact-find stage.
For added flexibility, this service is also available as a standalone option, so whether you need full end-to-end support or just help with the move, we’re here to make the transition into your new home as stress-free as possible.
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Ready to Start Your Home Buying Journey?
Our team at Approvable are here to guide you every step of the way. Reach out today for personalised advice and make your dream home a reality.