Welcome to your first step towards homeownership! Navigating your first mortgage can seem daunting, but at Somerset Financial, we’re here to make your journey to owning your first home as smooth and straightforward as possible. With expert guidance and personalized advice, we’ll help you find the perfect mortgage solution that fits your unique needs.
Personalized Support Every Step of the Way
Our experienced advisors provide one-on-one consultations to understand your needs and guide you through your mortgage options.
With access to over 200 UK lenders, we ensure you have a broad selection of mortgage products to choose from.
From your first inquiry to getting the keys to your new home, we provide ongoing support, ensuring you feel confident and informed throughout the entire process.
Simplifying Your Investment Questions
Typically, you’ll need a minimum deposit of 5% to 20% of the property’s purchase price. The exact amount can vary depending on the lender and your financial circumstances.
Yes, it’s possible, but options may be limited. Higher interest rates or a larger deposit might be required. We can help find solutions tailored to your credit situation.
On average, the process can take between 18 to 40 days from application to approval. Completion times vary based on individual circumstances and the complexity of the case.
The main types include fixed-rate, variable-rate, and tracker mortgages. Each has its benefits, depending on your financial goals and risk tolerance. We’ll help you understand which is best for you.
While not always a requirement, life insurance is strongly recommended to protect your mortgage payments in case of unforeseen circumstances. We can advise on suitable protection plans for your needs.
Ready to take the first step towards owning your first home? Contact us today for a no-obligation consultation. Our friendly team is ready to guide you through your first-time mortgage application, ensuring you start your homeownership journey on the right foot.
Somerset Financial is trading name of Somerset Financial Services Limited. Somerset Financial Services Limited (FRN: 945624) is authorised and regulated by the Financial Conduct Authority. Somerset Financial Services Limited is a company registered in England and Wales (Company Number 10789278) with its registered office at 12 Carrs Road, Clacton-On-Sea, England, CO15 3ET. We do not provide any investment advice.
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