We provide first-time buyer mortgage advice in London, helping new buyers secure the right mortgage based on their income, deposit and long-term plans.
At London Finance Hub, our independent mortgage brokers support employed and self-employed first-time buyers across Greater London, offering clear guidance from agreement in principle through to completion.
We compare lenders across the UK market and help you understand how much you can borrow, what deposit you need, and how the mortgage process works from start to finish.
Who this mortgage service is for
First-time buyer mortgage advice is suitable for individuals and couples who are purchasing their first home in London and across Greater London.
We help first-time buyers who are:
- Employed or self-employed
- Buying a flat or house to live in
- Unsure how much they can borrow
- Unsure how much deposit is required
- Looking for clear, independent mortgage guidance
How the first-time buyer mortgage process works
Our first-time buyer mortgage process is designed to make buying your first home in London clear and stress free.
We start by reviewing your income, deposit, credit history and monthly commitments to understand how much you can realistically borrow.
We then search the UK mortgage market to find suitable lenders and explain your options, interest rates and repayment types.
Once we have identified a suitable mortgage based on your needs and circumstances, we help you obtain an agreement in principle and support you through the full application, valuation and offer stages through to completion.
Deposit and lending criteria for first-time buyers
Deposit requirements for first-time buyer mortgages in London usually start from 5% of the purchase price, although a larger deposit can improve lender choice and interest rates.
Lending criteria varies between lenders and usually depends on several factors, including your income, employment status, credit history and existing financial commitments.
We support first-time buyers who are employed, self-employed or working on fixed-term contracts and help assess how different lenders view affordability and eligibility.
As part of our advice process, we explain the available options clearly and help you understand which lenders and mortgage products may be suitable for your individual circumstances.
Why use London Finance Hub for your first-time buyer mortgage
At London Finance Hub, we provide bespoke mortgage advice to first-time buyers across London and Greater London.
We take time to understand your individual circumstances and explain your options clearly, helping you make informed decisions throughout the mortgage process.
Our advisers support you from your initial consultation through to completion, liaising with lenders, solicitors and other parties involved where required.
We aim to make the first-time buyer journey as straightforward and transparent as possible, providing ongoing support at every stage.
First-time buyer mortgage FAQs
How much deposit do I need as a first-time buyer?
In many cases, first-time buyers can apply for a mortgage with a deposit from 5% of the purchase price. However, the deposit required and available options will depend on your individual circumstances and the lender’s criteria.
Can I get a first-time buyer mortgage if I am self-employed?
Yes, many lenders consider applications from self-employed first-time buyers. The assessment usually depends on your business structure, length of trading and income history.
How much can I borrow for my first home?
The amount you may be able to borrow depends on your income, existing commitments, credit history and the lender’s affordability assessment. We review your circumstances and help you understand realistic borrowing levels.
Do you charge a fee for first-time buyer mortgage advice?
Any fees for our mortgage advice will be explained clearly during your initial consultation before you proceed.
How long does the first-time buyer mortgage process take?
Timescales can vary depending on the lender, property and legal process. We guide you through each stage and keep you informed throughout the application and offer process.
Can first-time buyers with complex income get a mortgage?
Some first-time buyers have income structures that lenders may assess differently, such as contractors, self-employed professionals or applicants working under the Construction Industry Scheme (CIS).
Mortgage lenders may request additional documents to understand income stability and affordability.
You can read more in our guide on mortgages for CIS contractors.