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First Time Buyer Mortgage Advice Across Devon
Buying your first home is exciting, but it can also feel overwhelming. Our Devon mortgage advisers help first-time buyers understand affordability, deposits, mortgage options and which lenders are most likely to accept their application.
Is This Right For You?
- Buying your first home
- Unsure how much deposit you need
- Need an Agreement in Principle
- Receiving a gifted deposit from family
- Looking at a new build property
- Self-employed first-time buyer
Why First-Time Buyers Choose The Mortgage Cube
- Access to over 100 mortgage lenders
- Over 500 five-star Google reviews
- Guidance from Agreement in Principle through to completion
- Support understanding deposits and affordability
- Help navigating the home buying process
- Local Devon advisers
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP THE REPAYMENTS ON A MORTGAGE OR OTHER DEBT SECURED ON IT.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £199.
Local First Time Buyer Advice From Devon Mortgage Experts
Buying your first home can feel complicated, especially if you have never been through the process before. Our advisers will guide you from your first enquiry through to collecting the keys to your new home.
- Over 500 five-star Google reviews
- Access to over 100 mortgage lenders
- Dedicated local mortgage advisers
- Support from application to completion
Why Devon First-Time Buyers Choose The Mortgage Cube
500+ five-star reviews
Trusted by hundreds of Devon homeowners on Google.
Access to over 100 lenders
Access to thousands of mortgage products from leading UK lenders.
Devon-based advisers
Local advisers who understand the Devon property market.
End-to-end support
One dedicated adviser from application through to completion.
First-Time Buyer Specialists
Helping first-time buyers understand affordability, deposits, Agreements in Principle and the home buying process.
Book Appointment
Speak To A First Time Buyer Mortgage Adviser
Whether you're buying your first home, saving a deposit or preparing an Agreement in Principle, we'll help you understand your options and move forward with confidence.
First Time Buyer FAQs
How much deposit do I need as a first-time buyer?
Most lenders require at least a 5% deposit, though a 10% deposit usually unlocks better rates. We'll explain the trade-offs and help you plan based on your savings and target property.
How much can I borrow for my first mortgage?
Many lenders offer between 4 and 4.5 times your annual income, although some may lend more depending on your circumstances. We'll calculate realistic borrowing figures based on your income, outgoings and credit profile.
What is an Agreement in Principle?
An Agreement in Principle (AIP) is a lender's initial confirmation of how much they may be willing to lend you. Estate agents often expect to see one before accepting an offer, and we can usually arrange yours within 24 hours.
Can I buy a home with a gifted deposit?
Yes — many first-time buyers use a gifted deposit from family. Lenders will need a simple gifted deposit letter confirming the funds are a gift, not a loan, and we'll guide you through the paperwork.
Can I get a mortgage if I am self-employed?
Absolutely. Lenders assess self-employed applicants on SA302s, accounts and retained profits. See our Self-Employed Mortgages page for more detail.
What costs should I budget for when buying my first home?
Beyond your deposit, budget for survey fees, solicitor/conveyancer fees, mortgage product fees and moving costs. First-time buyers in England are typically exempt from Stamp Duty on properties up to £425,000 — we'll walk through the full cost picture with you.