First Time Buyer

FIRST TIME BUYER

Buying a house is one of the most important purchases you will make. At KIS Financial Solutions we know that buying 
a home for the first time can be an intimidating process with many questions needing answered... 
 
How much can I borrow? What will the repayments be? What fees do I need to pay? What if I don't have a deposit?
Our advisors will talk you through the financial aspects of the buying process and provide you with advice from the whole mortgage market to find you the best mortgage suited to your circumstances. 

Deposit
Currently mortgage lenders will lend up to 95% of the value or purchase price, whichever is the lower. This means that you will be required to put 5% deposit down and the more deposit you can produce the better deal lenders will offer. 

Don't worry if you can't produce this size of deposit, KIS Financial Solutions can look at alternative ways of getting you on the property ladder which include:
  • Shared Equity
  • Shared Ownership
  • Gifted Deposits
How much can I borrow?
The majority of mortgage lenders will calculate how much they will lend based on affordability where they analyse your monthly income and expenditure. KIS Financial Solutions can obtain an accurate borrowing figure based on your circumstances. 

Solicitor
Buying your first property is probably the first time many clients have ever needed a solicitor. Our advisors can provide you with a solicitor who offers very competitive legal fees when you arrange your mortgage with KIS Financial Solutions . 
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