Homebuyer
mortgages
mortgages
Helping you purchase your dream home, remortgage your property, or take your first steps on the property ladder
Getting started with homebuyer mortgages
A residential, or ‘homebuyer’ mortgage, is a loan taken out against a property that you plan to, or already, live in. You put down a deposit and borrow the balance up to the purchase price or valuation amount (whichever is lower). You then pay your lender back, with added interest, over a set period of time.
We know that your home purchase can be your biggest financial commitment, so we’re here to handle the hard work for you. Whether you’re ready to purchase your forever home, looking to save money on your remortgage, or even starting out as a first-time buyer, our experts are here to support you through the whole mortgage process.
Let’s find a homebuyer
mortgage
Our easy-to-use homebuyer mortgage calculator lets you find a mortgage rate and tells you how much your monthly repayments will be. All you have to do is give us a few details.
What makes MFB the best mortgage & finance solution in the UK?
- It’s our mission to be the mortgage brokerage that our clients love working with, and our employees love working for.
- We put you, our client, at the heart of everything we do, treating your mortgage as if it’s our own.
- Our people are our best asset. We train, reward, and inspire our team to help them provide you with the best service possible.
- With over 30 years of experience, we’ve never stopped learning. Whatever your property investment, you’ll have an expert with you at every stage.
- We’re regulated by the FCA and a founder-member of the National Association of Commercial Finance Brokers (NACFB), following their Code of Practice.
- Integrity is non-negotiable; we’ll always be honest and fair with you. Our advice is unbiased and always in your best interests.
What our clients say…
We could go on all day about what makes us great, but our client's reviews speak for themselves
How long does it take to get a mortgage?
It can take between two to six weeks to get a mortgage offer, but this all depends on how complex your mortgage application is and the recommended lenders service levels.
After you’ve secured your mortgage offer, it takes on average a further 6 weeks to complete and draw down your loan. Once again, this will vary based on the number of properties in the chain and any complications during the conveyancing and legal process of the application. Our expert mortgage brokers will be on hand to guide you through the entire process.
How much can I borrow?
How much you can borrow on a mortgage depends entirely on your individual circumstances. Lenders will want to review your income (or combined income if you’re purchasing with a partner or friend) to ensure that the mortgage is affordable for you. If you are a key worker you might even be able to access more competitive mortgage products from some specialist lenders.
As a general rule, lenders will offer around 4.5x the total applicant income, but our expert brokers may be able to help you access more. You can use our ‘how much can I borrow’ calculator for an estimate of what size loan you could access.
Frequently asked homebuyer mortgage questions…
How much deposit will I need?
How much can I borrow?
How long will it take to get a mortgage?
What fees will I need to pay on a residential mortgage?
What is a Standard Variable Rate (SVR)?
Highstreet bank vs. Specialist lender: What’s the difference?
Can I overpay on my residential mortgage?
Can I let out my property on a residential mortgage?
What Government schemes are available?
Can I have two residential mortgages?
Why should I use a broker for my home mortgage?
Meet your mortgage makers.
Talk to an expert
Have all the facts and figures you need to purchase or remortgage your home? Our experts will make the whole process easier for you! Give us a call or choose a convenient time for us to call you. Drop us an email or chat with a human on our live chat.
Submit an enquiry
Submit your contact details to request a call back from a qualified mortgage adviser. If you would like to be called at a particular time, please let us know in the message box and we will do our best to contact you then.
Learn More About Home Buyer Mortgages
Find my mortgage
Explore thousands of rates to find the best mortgage deal for your home.
How much can I borrow?
Enter a few details into our mortgage calculator for a clear estimate of the mortgages available to you.
Home Purchase
Looking to make a new home purchase? Get in touch, and let’s make it yours to own.
Home Remortgage
Find a new rate and work out mohthly repayments for your next home mortgage.