First home? Lime can help you!

Call 0115 8284914 to speak with our expert mortgage advisors and find out how Lime Financial can help you.

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Take your first step on the property ladder

So you want to buy your first home? Let us explain a little more about mortgages and how they work so we can help you choose the right one for your circumtances.

Mortgages, what are they?

A mortgage is a loan that you use to buy a property. When you buy a home, you'll put down a deposit and pay for the rest using a mortgage from a bank, building society or other lender. You then pay the mortgage plus interest back in monthly instalments over a set number of years.

Types of mortgages
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What do I need to get one?

There are many different types of mortgages on offer. The one that is right for you will depend on a variety of things, including your current financial situation. Here at Lime, we will talk you through everything you will need to secure your first home.

First-time buyer questions
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How can I get a mortgage?

Before you start looking for a property to buy, it makes sense to take advice. We can help you work out how much you're likely to be able to borrow and give useful hints and tips that will help you prepare for the mortgage application process. We know what's happening in the market, so we can help you make your application to the most appropriate lender when the time is right.

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Purchasing your first home?

Call our team today on 0115 8284914 or email info@lime-financial.co.uk

What types of mortgages are there?

So you want to buy your first home? Let us explain a little more about the different types of mortgages and how they work.

Here's a list of the most common type of mortgages:

Fixed-rate

A fixed-rate mortgage offers you a guaranteed interest rate on your mortgage for a fixed period of time.

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Variable rate

With a variable rate, your payments can go up and down dependent on the Bank of England, standard variable rate or a discounted rate.

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Repayment

You pay back part of the mortgage capital and interest each month.

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Interest only

Each month you only pay the interest outstanding on the mortgage, meaning that the capital sum remains the same throughout the period.

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Part & part

Where one section of the loan is on a repayment basis, and the second part of the loan is on an interest only basis.

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Specialist mortgages

Some borrowers have more complex borrowing needs. At Lime, we can find a solution to your situation.

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Need more info on mortgages?

Get answers to the most common mortgage questions on our Knowledge Base.

Mortgage calculator

Want to know how much you could borrow? Fill in your details below for an estimate.

Quick mortgage check

*This quote is indicative and mortgage amounts and payments may vary depending on lender and offers.

You could borrow up to

With a mortgage, you'd be paying per month over 25 years at a rate of .

Want to get a mortgage offer?

Call our team today on 0115 8284914 or email info@lime-financial.co.uk

Protection and insurances

Secure your income and mortgage with our protection offering

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The house buying process

What happens when buying a house? Let’s run through how it works and how we can help. This a simplified version so for more information, visit our Knowledge Base.

  • How much you can borrow?

    Before you start scrolling through websites looking for your dream home, it's important to know what you can afford. Speak with a member of our team at Lime and we'll be able to help you create a plan for your application. This includes things such as budgets, legal costs, surveys, mortgage fees etc.

  • Find your dream home

    The fun part begins! Now you know how much you can afford, you can hit the web and find a house you like within your budget and speak your advisor at Lime to see if it's a match for your circumstances and obtain a decision in principle. If it's all ok, make an offer!

  • Make your application

    Once we've got everything in order for you, we'll make the application on your behalf to one of our many lenders; including those not available on the high-street.

  • The legal stuff

    Once the valuation has been done and an offer received, your solicitor will conduct all of the searches and legal work. That includes deposit transfer, exchange and completion day.

  • Move in!

Need more info on the process?

Get answers to the most common mortgage questions on our Knowledge Base.

Help to Buy logo

Help to Buy: The government scheme to help you on and up the property ladder

The scheme is designed to help those who only have a small amount available as a deposit or who want to buy a 'new build' property from a registered Help To Buy builder.

Find out more

Can I get a mortgage?

Mortgages comes in all different shapes and sizes and which one to choose depends on your circumstances. We can help find the right one for you.

Employed

If you're employed and looking for a mortgage, we can help recommend the best solution for you.

Self-employed

Over 4.8 million people in the UK are self employed. We can help you apply for the right mortgage for your circumstances.

Contractor

If you're a contractor, we can help you secure the right mortgage with our whole of market access.

Adverse credit

Having adverse credit doesn't mean you can't get a mortgage! Our expert advisors can help you with your application!

Lending into retirement

If you are looking for a mortgage later in life, our brokers can find the right solution for you.

Company Director

If you're a director of a company, our advisors can help find the right mortgage for you.

Take your first step to getting a better mortgage deal today

Call our team today on 0115 8284914 or email info@lime-financial.co.uk

FAQs for first time buyers

Mortgages comes in all different shapes and sizes and which one to choose depends on your circumstances. We can help find the right one for you.

Our mortgage advisors will help you calculate exactly how much you can afford to borrow for your first home and ensure you can really afford it.

For a first time buyer mortgage you will typically need to provide proof of income, 3 months of bank statements, Your latest P60 tax form, proof of deposit and an SA302 tax form if you are self employed. However, your mortgage advisor can help with getting your application ready.

Yes, this is the minimum needed to get a first time buyer’s mortgage. However a bigger deposit will benefit your interest rates and monthly repayments.

Need more info on mortgages?

Call our team today on 0115 8284914 or email info@lime-financial.co.uk

See what our customers say

Mortgages comes in all different shapes and sizes and which one to choose depends on your circumstances. We can help find the right one for you.

“Highly recommended”

I would highly recommend Lime Financial. Charlotte was very informative and explained everything extremely well. She put my mind at ease straightaway and any worries I had we talked them through. She has kept me up to date consistently and helped with various different products such as buildings and contents insurance as well as life time cover. Thank you Charlotte!

Kelly N.
Nottingham

“Would defintely use again.”

My fixed rate was coming to an end on my current mortgage which meant that my monthly payments were going to increase substantially. Charlotte helped me find a new deal with a new lender and saved me a considerable amount of money on my monthly payments which is never a bad thing! The process and communication from start to finish was amazing I was kept in the loop the whole way and didn't have to do a great deal as she the hard work for me.

Jade
Nottinghamshire

“Would recommend 100%”

Friendly, well explained at every step of the way. No pressure discussion and recommendation that was perfectly suitable

Ryan
Barnsley

“Exceptional service”

Exceptional service from Charlotte at Lime Financial every step of the way through my mortgage application. Charlotte always gives you solutions instead of problems and was fantastic with her communication from start to finish, so I was always up to date with where things were at with the application. I'd highly recommend Lime for their efficient, slick and friendly service.

Antonio
Nottingham

“First class service”

Words can’t describe how much Charlotte has done for myself and husband. Absolutely gone above and beyond to help us remortgage, step by step and always so patient and positive. Thank goodness we found lime, they got us out of a pickle that’s for sure. Can’t recommend Lime and Charlotte enough.

Jodie
Nottingham

Find out why people trust Lime Financial for their mortgage needs

Call our team today on 0115 8284914 or email info@lime-financial.co.uk

First time buyers

Speak to Lime about buying your first home

We can help you find the perfect first home. Call our team today on 0115 8284914 or email info@lime-financial.co.uk

Request a callback