Get a First-Time Buyer Mortgage | Rite Mortgages Online Broker

First-Time Buyers

Not sure how to buy your first home? Worried about your finances? Our mortgage advisors are here to help you get onto the property ladder safely.

Buying your first home can seem like a daunting process.

We know how intimidating it can be to buy your first home. That’s why we make the entire process as simple and straightforward as possible by providing pin-sharp advice on your mortgage.

Our mortgage advisors are experts at helping first-time buyers get into the housing market. We can speak to your mortgage lender, solicitor, and estate agent to negotiate a deal that’s best for you. We’ll break the steps down so you’re aware of the process, help you get the property you want, and provide all the information and advice you need to get the best deal possible.

Why Choose Rite Mortgages?

Dedicated mortgage services, built for your specific circumstances.

Expert advice from mortgage professionals, saving you time, money, and stress.

Exclusive access to mortgage rates you won’t find anywhere else.

We can manage the communication between your lenders, solicitors, and estate agents.

We’ll work with you long-term until you get your dream home.

Free, no-obligation review of your circumstances.

We’re directly Authorised by the FCA (Financial Conduct Authority).

Tips for First Time Buyers

Repay any expensive personal debt.

Overdrafts, Payday Loans, Credit cards and Store cards have typically high rates of interest and any debt that you have outstanding can count against the total amount you are allowed to borrow. It’s best to go into a new mortgage with as few outstanding debts as possible.

Save for a deposit.

You will need a deposit of at least 5% of the value of the property you would like to buy but for example a deposit of 25% will give you access to a much wider range of products at a far lower rates of interest.

Improve Your Credit Rating.

If you don’t know your credit score it may be worth finding out first. Its important that you have a “clean” credit history and you will be more likely to be successful in your mortgage application if you have already had a history of borrowing money. Those with no credit history will have a very low credit score with lenders.

Be aware of all the potential costs.

There is far more to buying your first home than making the mortgage payments. Lenders, brokers, lawyers and valuers all charge fees although some of these can be added or included within the loan. Then there is the cost of moving, decorating and furnishing your new home.

Is there someone who can help?

It helps when getting a mortgage if there is joint (more than one) borrowers as both incomes are taken into account and costs are split. However it is also common to enlist the help of family.

95% Loan to Value Mortgages

This type of mortgage can be a sound investment if you’re a first-time buyer with good credit, savings, and annual earnings. You’ll need 5% of the price of the property as a deposit, but you may end up making that money back as your home value increases over time.

We’ll show you how to pick the best 95% mortgage for you, without running any other risks you may face by going at it alone.

Help to Buy

The new government backed mortgage Help to Buy mortgage schemes allow you to buy a home with just 5% deposit. Operated by a small number of lenders the government will offer financial assistance to First Time Buyers or Home movers in the form of a mortgage guarantee or equity loan. If you already have a deposit of 15 to 20%, it is almost certainly cheaper and easier to apply for a mortgage in the normal way. If not, Help To Buy could be the solution you need to buy your first home or move up the property ladder. Certain rules apply so speak to your mortgage broker for more details and to find out which help to buy scheme may be right for you.

Shared Ownership

It can be difficult to afford the required deposit on a house, especially if you are renting or have low income, so shared ownership gives you a better chance of getting into your first home with lower initial costs. Shared ownership splits the property between you and the housing association responsible for selling it. You can own 25% – 75% of the property, paying for the rest in rent and then gradually buying the entire home once you’re able. The more you own, the less you’ll pay in rent. Although this can be beneficial to begin with, the costs can increase as time goes by. Our mortgage advisors can help you stay aware of these costs, while still allowing you to get into your first home.

Shared Equity Schemes

Shared equity schemes are a great way to get your first home when you couldn’t otherwise afford it. These schemes allow you to spend a 5% deposit on a home, with an extra 20% being added by the government to help you into your first property. This also provides you with a better deal from your mortgage supplier, so a shared equity scheme can save you a lot of money over time.

Shared equity schemes do come with some downsides. It can become less beneficial if the house market changes, with your payable debt increasing in line with house prices. There are also some untrustworthy sellers that will offer poor deals to first-time buyers.

We’d recommend getting in touch with our advisors before agreeing to a shared equity scheme. We’ll help you find the best mortgage, make sure you stay out of trouble with poor sellers, and help you get into your first home without a hitch.


  • Harpal Panesar
    This is third time we used your company, the level of service, professionalism and dedication shown by Mr Rodden as been superior. In his words "Perfect" Thank you again for helping us secure property/mortgage number three.
    Harpal Panesar
  • Tara Elder
    Great service from start to finish, highly recommended Made the whole process easier and stress free for us
    Tara Elder
  • Theresa Benton
    went above and beyond for us especially with all of the issues with our solicitors.
    Theresa Benton
  • Kayreen Di Folco
    Thank you so much to Steven for everything he has done for us. As first time buyers, the mortgage market was not easy to search and compare. Steven was professional, approachable and sorted everything out for us. We had a mortgage acceptance and offer within 24 hours. The service was fantastic and I cannot reccomed Steven and RiteMoney enough. Thank you!
    Kayreen Di Folco
  • Andrew Bolt
    Amazing customer service, my third time using Rite Money. Can highly recommend!
    Andrew Bolt
  •  Jamie Di Folco
    Very pleased with how efficient you guys were. After weeks of frustration with our bank TSB (which we thought would be the easy option) we wish we had contacted you guys first very quick process start to finish
    Jamie Di Folco
  • Jennifer Smith
    The service provided was great. I would recommend rite money to anyone. Thank you to Steven and Hayleigh for all the help you where amazing through it all and able to help answer all my questions.
    Jennifer Smith
  • Karyn O'Donnell Meza
    Fraser provided us with an excellent service and everything was completed quickly and efficiently. He made the whole process easy and was always very friendly. He replied to emails quickly and always ensured that he made himself available if we had any questions.
    Karyn O'Donnell Meza
  • Mclellan Alexandra
    I am extremely happy with the service provided to me by Steven Ward and his colleagues whilst purchasing my first home. They were all very efficient and helpful and Steven could not have done any more for me. A very reliable and professional firm.
    Mclellan Alexandra
  • Janette Neillie
    Steven has made the process of finding and changing mortgages and life insurance a seamless and stress free one. I have not had to concern myself with anything. He was helpful and supportive when I didn’t understand something during the process. He is able to explain things in an easy to understand way and I had every confidence that I would get the best deal for me
    Janette Neillie
  • Helen Paterson
    Steven was very helpful, and kept us updated throughout. Even when we hit a small (slight understatement), he had a plan B which meant we were able to get the home we wanted.
    Helen Paterson
  • Liam Naylor
    I had been rejected by a financial advisor previously and didn’t hold much hope of getting any sort of mortgage, but here I am. I picked up the keys last week and was in regular contact with the team right up to moving day. I cannot recommend rite money enough. Thank you for taking a lot of stress of my shoulders.
    Liam Naylor
  • Adrian Batson-Jones
    Let me be clear, I do not usually write these reviews, however...... Steven Rodden was exceptional from The start of our process to the end, and it was lengthy due to being unable to find a suitable property. Steven was very patient, always willing to go an extra mile to help us out, I would recommend Steven to anybody!! Exceptional service and comes extremely recommended First class..... Thanks Steven
    Adrian Batson-Jones
  • Craig Ishop
    Absolutely brilliant from start to finish. Very professional and dedicated staff. Can't thank them enough for all their efforts .
    Craig Ishop
  • Laura Findlay
    Great service, kept me up to date with my re-mortgage at all times, thanks for all your help.
    Laura Findlay
  • Christopher Lynch
    Great service
    Christopher Lynch
  • Anna Woodward
    Steven was highly personable with his approach and I felt that I could get in touch with him with any queries at anytime. I would highly recommend his services.
    Anna Woodward
  • Andrew Calder
    Steven was incredibly helpful from start to finish. It can be a minefield out there when applying for a mortgage and Steven guided me through the steps and explained everything in a way for me to fully understand what was happening. Exceptional service provided, highly recommend.
    Andrew Calder
  • Sandra Henderson
    Friendly and efficient service.
    Sandra Henderson
  • Patricia Davidson
    Rite mortgage exceeded my expectations.
    Patricia Davidson
  • Theresa Rowley
    I highly recommend using Rite Money. They found me a mortgage when I was not sure I could get one. My advisor Steven Ward and also Hayley Kinsella were brilliant all the way through, Thank you guys.
    Theresa Rowley
  • Amelia Jones
    Steven Ward is a credit to your company.. from start to finish he has been with me every step of the way, and so smoothly, i really could thank him enough for all his time and effort. Thank you Steven you have been fantastic!!!
    Amelia Jones
  • John Woolley
    With all the disadvantages to getting a mortgage you could think of, these guys still delivered in full. Thank you so much. I have my life back!
    John Woolley
  • Abdul Barik
    This is my second time using ritemortages and they have never failed to please me with their expertise and knowledge of mortgages on the market. The adviser which dealt with me on this occasion was Fraser Pete whom was very professional and efficient whilst giving me the right advice for choosing the right product that's right for me. My adviser was also always on hand to answer any questions that I had or anything that I didn't understand. On my first occasion my mortgage adviser was Scott Farrell who was also excellent in providing me with the right Mortgage with the right lender for my buy to let properties. The whole team at ritemortages were very helpful and professional at what they do. Abdul K Barik
    Abdul Barik
  • Lucy Beautyman
    Great experience remortgaging with Rite mortgages. Everyone was very helpful and the whole process was completed very quickly. Really impressed with the service!! Thank you to the team. Can we publish your Testimo
    Lucy Beautyman
  • Chris Raithby
    Adviser was really helpful, empathetic and honest advice, and solid product knowledge backed up by helpful support team
    Chris Raithby
  • Andy
    The bank told me that since I’m self employed I couldn’t get a mortgage. You got it in 2 weeks.
  • John & Sue
    We had almost given up hope of remortgaging our house because of our age… we now have a mortgage we can afford.
    John & Sue
  • Charlotte
    Buying my first flat couldn’t have been easier… it was really simple.
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