Mellow FinancialFirst time buyer mortgages.
Buying your first home might feel overwhelming. No need to worry, stay mellow. We'll guide you from your first question to getting the keys.
Advice built around you
Know what you can borrow, and what to do next.
Buying your first home can be daunting. That's why the right advice, tailored to your needs and circumstances, matters.
After a quick chat by phone or video call, we'll tell you how much you're likely to be able to borrow and the next steps to take.
How it works
From first chat to moving in.
Free initial consultation
We get to know your situation and what you want to achieve.
We search the whole market
We compare lenders to find the mortgage options that suit you, then talk them through with you.
Your summary and Agreement in Principle
We email you a summary of our findings and arrange an Agreement in Principle, so you can look at homes with confidence.
Offer accepted, we apply
Once your offer is accepted, we complete the application and secure your mortgage.
More than the mortgage
We look after the rest too.
We can get you a quote from solicitors and talk you through protecting your mortgage and your family, including life cover, critical illness cover, income protection and buildings and contents insurance.
As an independent firm, we compare rates from across the market to find the mortgage that fits your needs and budget. We stay with you until you've settled into your new home.
Questions
Frequently asked.
How much deposit do I need to buy my first home?
Most lenders need at least a 5% deposit. A larger deposit, say 10 to 20%, can give you access to better rates and more choice.
How much can I borrow?
It depends on your income, outgoings, credit history and each lender's affordability rules. A quick chat with an adviser gives you a clearer picture.
What is the difference between fixed and variable rate mortgages?
A fixed rate keeps your interest rate the same for a set period, so your payments stay the same. A variable rate can move with the market, which may mean a lower rate at first but less certainty.
What other costs should I budget for?
Alongside your deposit, plan for solicitor fees, stamp duty if it applies, valuation fees and moving costs. Some lenders offer free valuations for first time buyers.
Do I need a mortgage in principle before house hunting?
It isn't compulsory, but an Agreement in Principle shows sellers and estate agents you're serious and tells you what you can afford. It's a good first step before making offers.
What if my circumstances change after I get a mortgage?
Let your lender or adviser know as soon as possible. We can talk you through the options, such as switching product.
Is it worth using a mortgage adviser?
As whole-of-market advisers we compare deals across lenders, find the right fit and guide you through each step, which saves you time and stress.
Are there government schemes for first time buyers?
Schemes change over time. We'll tell you what's available when you speak to us and whether it suits you.
How long does the mortgage process take?
Usually 4 to 8 weeks, depending on your circumstances, the lender and how quickly documents come in.
What if my mortgage application is declined?
Don't panic. There are usually other options. We'll find out why and either strengthen the application or find a lender that suits you better.
Our free first time buyers guide.
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