HTB First Time Buyers

brendon20ukk

Hello everyone.

I've just signed up but not new to these forums as have been doing some research but couldn't find the answer I was looking for.

Me and my partner have never applied for a mortgage but we have found a new build home that we both have fallen in love with. We've been thrown all sorts of paperwork asking us to contact these people and other builders have given us different paperwork. Basically, we've been told to use Mortgage Advise Bureau and a different builder told us to use Safe Guard.

We're in a puzzle already of where best to use, our friends said to L&C but at same time we don't want to get trapped in all sorts of fees and i've heard MAB didn't offer buyer protection?

We're looking to get a £150,000 mortgage, both of us have good credit reports and no debt. My partner is self employed for 3 years and have SA302's to proof income.

What would you say would be best advise to go down i.e. who are the best brokers to use that allow self employed and HTB?

MortgageMamma

Most brokers can do HTB its really quite simple. The house sellers will try and get you to use their recommended mortgage advisers as they make money from it. The problem is then a conflict of interest as although it shouldn't happen, sometimes the recommended broker can give the house builder too much information.

I'd suggest finding your own broker. Its important you work with someone you get along with, feel comfortable with and trust. Speak to a few advisers of your own choice and see if you can find one you like. Make sure you ask the adviser how much experience they have with help to buy and how long they have been a broker.