First-Time Buyer Mortgages Bristol

Explore Mortgages for First Time Buyers

We’re here to help you navigate the mortgage process as a first-time buyer. As an experienced broker, we work with a wide range of lenders to find the right options, including mortgages with up to 95% loan-to-value. Let us guide you every step of the way to owning your first home.

Your home/property may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.

6x Affordability Boost

6x – Advance affordability up to 6x household income.

Self-Employed

1 year – 1 years self-employed

Minimum Deposit

£5,000 minimum deposit for first-time buyers

Dreaming of owning your first home? For most, getting on the property ladder means securing a mortgage—a process that can feel overwhelming. You’re making big decisions about where and how to live, while navigating the mortgage market and its complexities. Choosing the wrong deal can impact your finances, so expert advice is absolutely crucial.

At Mortgaged, we guide first-time buyers through every step of the journey. From your first enquiry to completion, we explain the process clearly, keep you updated, and ensure you feel confident throughout. If High Street lenders don’t offer the right deal, we’ll search specialist lenders to find the right solution for your needs.

Case Studies

Real People. Real Results.

We don’t just find mortgages. We find solutions.

First Time Buyers

How We Helped a Family on a Tier Two Visa Buy Their First Home With a 5% Deposit

Turned away by multiple lenders. Three children, a visa, and a deposit from India. We found the right door.

Deposit – the minimum threshold

120+

Lenders in our network

We thought we’d be treated like everyone else.

That’s the assumption that catches so many people out. Our clients had been living and working in the UK for four and a half years. They had steady incomes, a growing family, and a deposit saved and ready to go. In their minds, they had done everything right.

But when they started approaching lenders directly, the rejections came quickly. Not because they weren’t creditworthy. Not because they couldn’t afford the repayments. But because the specifics of their situation – a Tier Two visa, a 5% deposit, and funds coming from India – placed them outside the criteria of mainstream lenders.

By the time they found us, they were frustrated and deflated. They came through a recommendation from someone in a similar position who had been through the process with us. That personal referral said everything.

Details kept general to protect client confidentiality.

What is a First Time Buyer

A first-time buyer is someone who’s never owned a property before. Buying your first home is a huge milestone, and it can feel a bit overwhelming at times—that’s where I come in. As your mortgage advisor, I’ll be with you every step of the way, from understanding how much you can borrow to finding the right mortgage deal for your unique situation.

I’ll help you navigate the various options, break down any confusing terms, and ensure you feel informed and confident throughout the entire process. Together, we’ll find the perfect mortgage to get you into your first home as smoothly and stress-free as possible.

The 4 Steps To Home Ownership

Initial Consultation

We’ll get to know your goals and financial situation to help find the right mortgage options for you.

Custom Fit Mortgage Plans

Tailored solutions to fit your needs, whether you’re buying your first home or remortgaging.

Personalised Guideance

We’ll guide you through the process, handling paperwork and offering clear advice.

A New Beginning

With your mortgage approved, you’re ready to start your journey to home ownership!

Income

When applying for a mortgage, you’ll need to provide details of your income, including any government benefits, overtime, bonuses, holiday pay, investment income, or pension payments. To back this up, your lender will ask for wage slips and bank statements.

If you’re self-employed, you’ll likely need to provide at least 12 months of accounts and SA302 forms from your previous tax returns.

Your mortgage provider will then use your annual income to calculate how much you can afford to borrow. Most lenders multiply your income by 4 or 5, and some may even go up to 6. For example, if you earn £40,000 a year, a lender using a multiple of 4 could offer a mortgage of £160,000, while a lender using a multiple of 6 might allow you to borrow up to £240,000.

Why us

we have a solution for everyone

For First Time Buyers

Buy-To-Let Mortgages

Moving Home Mortgages

We help you through the process and to secure you the right deal.

Re-mortgage Advice

Find the rate for your next mortgage application.

Shared Ownership Mortgages

If you are unable to purchase 100% of a home, get a shared ownership in Bristol.

Niche Mortgages

Our experienced mortgage advisors can help if you’re new to the industry.

Testimonals

What Our Clients Say About Us

Our clients’ testimonials reflect our commitment to providing exceptional service and personalised solutions.

Francesca Toft

Every team member at Mortgaged have been an absolute pleasure to deal with and have helped me and my partner an incredible amount during this whole process! We would 100% recommend Dan and his team to anyone looking for a trustworthy, experienced and reliable mortgage company. Thanks very much!

Jordaine Minchin

Dan has been amazing from start to finish in one of the most stressful purchases! He offered support, advice and recommendations, and after seeing our credit report helped us clear a couple of issues we didn’t notice previously also. After my buyer pulled out, Dan worked some kind of magic to find us a BTL mortgage and increase our onward purchase mortgage - all within about 2 days so we didn’t lose the house! Dans been great liaising with our estate agents and keeping us in loop - all whilst keeping my anxiety in mind and only coming back to me with good news and solutions. Would highly recommend Dan for a really personalised service. Really felt like he had my back the whole time and was as invested in the purchase as we were. We also spoke with Gemma to discuss life insurance. She also took a real interest in us and helped us find the best possible solutions within our agreed budget. She wasn’t pushy, and offered support and guidance, even filling in lots of the long-winded paperwork on her side so that we didn’t have that stress. Again, Gemma was great help in getting an extra product/offer for the newly needed BTL mortgage. Would definitely recommend Gemma to help you get the best cover for your money.

Mel Pradalie

I would highly recommend The Mortgaged, they are brilliant. Dan was extremely knowledgeable and provided guidance every step of the way. We had a very stressful experience when our sale fell through, Dan went above and beyond with his support and guidance, we were able finally get into a house 2 months after putting an offer in, just in time for Christmas!! Gemma was also very knowledgeable and took the time to get to know us in order to provide cover that would best suit our needs. She was there to answer any questions we had and was very quick to respond. I can’t recommend them enough! I look forward to speaking with them again when we come to remortgage in a few years!

Dave Cox

I worked with Dan on two concurrent mortgages in quite a tricky set of circumstances. Throughout, Dan showed himself to be a true expert in his field. On top of that, he was calm, a pleasure to speak with and always went the extra mile.

Candice Sullivan

Dan is the man. The mortgage man. He is our guy for all things mortgage related. And although we know he isn't just our guy, we share him with many other happy clients, he really did make us feel like renewing our mortgage was his top priority. We tested his patience with many nervous questions by phone and email when we didn't understand the process and he was quick to put us at ease with his knowledgable email responses and returned calls. His friendly calls and professional emails made us feel like he was always there for us when we needed him. Gemma guided us through switching to a life insurance provider which better suited our lifestyles and needs. She asked all the right questions to get to know us better and then put together easy to understand options for us to choose from. She too was friendly and professional, an absolute delight throughout the whole process. Trusting Dan & Gemma from The Mortgaged with our original mortgage then and our mortgage renewal and life insurance now is what we do for peace of mind and we can't recommend them enough. Thank you for all your support Dan and Gemma, we really appreciate you both! Justin and Candice Sullivan x

Rachael Lee

I can’t recommend Gemma highly enough. She’s friendly, patient, and her professional guidance has been exceptional. With my husband working offshore, we thought we’d struggle to find suitable cover without it costing a fortune. The world of insurance and mortgage protection usually gives us a headache, but Gemma took all the stress away. She talked us through every option and found the best cover to suit our personal circumstances.

Chris Wilson

These guys helped me get a mortgage during the most stressful time of my life. They were not only incredibly professional and efficient they were also amazing humans who i felt understood how stressful getting a mortgage can be and were always there with support. I could not recommend these guys are higher.

Richard Annerson

Excellent service from start to finish. Nothing was ever too much trouble and helped me find a mortgage solution that was right for me and my family 🙂 thank you

Emma T

The Mortaged made buying our first home a breeze! Dan was amazing in supporting us through the mortgage process, and finding us the best deal (not just once, but twice - that’s how long the sale took!). My partner was using the Forces Help to Buy scheme which isn’t particularly well known, but Dan’s knowledge of this was great, often informing other parties in the process of how it works. Nothing was ever too much trouble and Dan truly went above and beyond! Gemma was great in finding us the right protection by taking time to get to know us and understand our needs. It’s not easy to plan for when the worst might happen, but Gemma discussed this sensitively and now our minds are at ease knowing we have the right protection. A huge thank you to Dan and Gemma for all their help, couldn’t recommend the Mortaged enough, 11/10 service!

Mutari Salihu

Dan is an Excellent Mortgage Advisor

FAQs

Frequently Asked Questions

A mortgage is simply a loan you take out to buy your home. As a first-time buyer, you’ll usually pay back both the amount you borrow (the capital) and the interest.

Here’s a quick breakdown of the key parts:

Borrower: That’s you, the person (or people) taking out the loan.

Lender: This could be a bank, building society, or another type of lender.

Capital: The amount of money you borrow to buy the property.

Interest: This is what the lender charges you for borrowing the money, shown as a percentage.

Term: The number of years you have to pay off the mortgage – usually 25 or 30 years.

Monthly Payments: These are the regular payments you’ll make, covering both the capital and interest over the life of the loan.

It’s all about making things manageable, one payment at a time, as you move closer to owning your home outright.

An Agreement in Principle (AIP) is a handy document from a lender that shows how much they might be willing to lend you, based on your financial situation. It’s really useful when you’re house hunting, as it shows sellers and estate agents that you’re a serious buyer who’s ready to move forward.

A mortgage broker acts as your personal guide, finding the right mortgage deal by comparing offers from a wide range of lenders. Here’s how they can assist you:

Access to Multiple Lenders: A broker searches through different lenders to source the rate that is most suited to your financial situation.

Personalised Advice: By understanding your income, credit score, and goals, a broker recommends mortgage options tailored to your needs.

Save Time and Money: They simplify the process by handling paperwork, negotiations, and communications, ensuring you get the most competitive deal.

Expert Guidance: With their in-depth knowledge, brokers help you navigate the complexities of mortgages, ensuring a smooth application process.

Ongoing Support: Even after your mortgage is approved, a broker remains a resource for remortgaging and future advice.

The amount you can borrow will depend on things like your income, credit history, and other financial commitments. Most lenders offer between 4 and 6 times your annual salary, but they’ll also look at your living expenses and any debts you have to make sure the mortgage is affordable for you.

Typically, you need at least a 5% deposit of the property’s purchase price. However, larger deposits (10-20%) can give you access to better mortgage deals with lower interest rates.

The process can take anywhere from 8 to 12 weeks, but this can vary depending on the property, your circumstances, and how quickly your mortgage application is processed.