Mortgage Options ni

First Time Buyer

You may find buying your first home a little bit daunting.  With the challenge of finding your first property, choosing the right mortgage, selecting the best solicitor and making sure the whole process runs smoothly, you may find the information below useful to help you achieve the first rung of the property ladder.

The first step is to contact us and we will advise you on the mortgage options available to you.  It doesn't matter if you haven't found a property just yet, we can provide you with some facts and figures that will help you select the property within your price range.

In the meantime we've outlined below some background information on mortgages for first time buyers that we hope you'll find useful.

How much can you borrow?

The amount of mortgage you can get depends on your income.  Some lenders use a multiple of your income others look at how much you can afford based on your income and outgoings.  As a rough guide, a typical multiple is four times your income. This figure could be higher or lower depending upon your individual circumstances and different lenders' criteria. Lenders who look at what you can afford base this on the number of people and any loans or debts that you have outstanding.  Some lenders offer very good deals for first time buyers, so it always worth asking us to research the market on your behalf.

What other costs do you need to be aware of?

It is also worth remembering the additional costs, on top of your deposit and mortgage that you will be expected to pay.

For example, you may have to pay stamp duty for the property which you are purchasing.  The amount of stamp duty varies depending on the price of the property. 

Plus you may have to pay for the survey and the valuation of the property, and solicitor's fees.

You may also have fees to pay to the lender for your mortgage.  These could be an arrangement fee and/or booking fee.  Contact us to find out how much these fees may be.

How much can I pay?
Mortgage Calculator
How much can I borrow?
Mortgage Calculator
First time buyer best buys

View and research todays leading mortgage rates available and we shall be happy to arrange your mortgage with the lender on your behalf. 


Call us on 028 258 98625 or send us an email at info@mortgageoptionsni.co.uk if you would like to find out more.

Mortgage Options ni (Life Assurance Direct Services) is registered in England and Wales. Registered office, 54 Thornhill Road, Antrim, County Antrim, BT4 1LG.

Authorised and regulated by the Financial Conduct Authority. Mortgage Options ni is entered on the Financial Services Register https://register.fca.org.uk/ under reference 400866.

If you wish to register a complaint, please write to us at the address above, email us at info@mortgageoptionsni.co.uk or call us on 02825 898625.

A summary of our internal procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 0234 567.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE