A first time buyer is someone who hasn’t owned a property in UK before. A mortgage is a loan from a lender/bank secured against the property you intend to purchase. As with other loans, you will need to make monthly payments to pay off that loan. This borrowing will have to be paid off over the term, usually 25 years. Taking your first step onto the property ladder is an exciting time – but with so much to think about, it can be a little daunting. We believe everyone has the right to free mortgage advice, and as the UK’s top mortgage advising specialists, we’re better placed than anyone to walk you through the process of buying your first home.
We will provide you with a dedicated mortgage advice team who will be with you at every step of the journey. They will calculate exactly how much you can borrow, how much everything will cost, and walk you through the entire purchasing process from start to finish. We also do all the paperwork – no heavy lifting for you!
What's more, we will never charge you a penny for our service - we're 100% free. We offer a flexible service that gives you the power to choose how and when you want to deal with us. Whether that’s online, over the phone, or in branch over a hot cup of coffee – we’re here to help, whenever you need us.
We have exclusive 90-95% First Time Buyer mortgages to help make buying your dream home a more affordable reality, and with our unique “Best in market” mortgage promise, you have peace of mind we will find the best mortgage for you – guaranteed. Come and see for yourself, and join the countless number of happy first time buyers we help every single year.
Help to Buy, Shared Equity & Exclusive Offers
Our mortgage advisors have access to thousands of first time buyers offers, including exclusive First Mortgage offers, and we don’t just find you a cheap deal - we’ll find you the right deal, tailored to your needs and taking into account anything the future might have in store.
Your expert advisor will also discuss the national Help to Buy scheme, which is for first time buyers purchasing a new build home, and may allow you to buy a better home than you initially thought possible.
In addition, your advisor can also guide you through low cost and affordable housing schemes provided by the local UK government which allow customers to get a foot on the housing ladder with as low as a 5% deposit whilst retaining 100% home ownership.
With MKWise Financial’s expert advisors and exclusive deals from hundreds of lenders, it has never been easier to get on the property ladder. Just find the home you love, and we’ll do the rest.

Extended Term Best Mortgages for First-Time Buyers

You can go for a longer-term, which will make your monthly payments cheaper as you will spread your payments over a more extended period; however, you will pay more interest overall. A mortgage is likely to be your biggest monthly outgoing. You must get it right the first time around with the best deal out there suited to your particular needs to keep your monthly payments as low as possible. We make sure that your mortgage experience is as personal and individual as possible to get a mortgage that fits your needs.

There are two payment types for mortgages - repayment and interest only.
Repayment - this mortgage is when you pay off the capital owed and the interest on that money each month.
With this mortgage type, you will know that you will have paid off your mortgage at the end of your mortgage term.
Interest Only - you only pay the interest on the capital borrowed from the lender.
In this instance, you will not pay off your mortgage at the end of the mortgage term, and you will need to have another repayment vehicle in place when applying for the mortgage, such as savings, an ISA, or plans to sell your property. However, it is unlikely lenders will allow First-time Buyers to get an interest-only mortgage.