First Time Buyer Mortgages Southampton

Local First Time Home Buyer Specialists Southampton

As an independent mortgage adviser, we have the privilege of offering a wide range of mortgage options from the entire UK intermediary market, including some that are exclusively accessible through broker services like ours.

Our extensive volume of mortgage arrangements and strong lender relationships grant us access to exclusive interest rates that are not typically available through other brokers.

Additionally, we are well-equipped to provide expert guidance on the Government's Help to Buy scheme, assisting you in navigating this program effectively.


Expert Mortgage Brokers in Southampton

Engaging the services of an established and reputable mortgage advisor can prove highly beneficial, particularly for first time homebuyers, as it aids in securing the most suitable mortgage tailored to your financial situation.

Additionally, it provides valuable insights into the potential reasons for a mortgage application rejection.

At Lock & Key Mortgages, our experienced advisers can play a crucial role in simplifying the entire home buying process.
Purchasing your first home might seem daunting when you lack familiarity with the intricacies, but it need not be.

Call 0800 046 3538

Types of Mortgage Available for Buyers in Southampton

When obtaining a mortgage, it is essential to carefully consider your options to choose the one that aligns most effectively with your needs and financial circumstances.

Factors such as interest rates, the length of the mortgage term, as well as any associated fees or charges all need careful consideration.

As totally independent mortgage brokers, we have access to the complete market and will guide you through the whole process, ensuring you understand what happens next and keeping you fully informed with the process of your application.

fixed rate mortgage

Fixed Rate Mortgages

In a fixed rate mortgage, the interest rate remains constant for a predetermined period, typically ranging from two to ten years. Once this fixed period expires, borrowers usually transition to the Standard Variable Rate (SVR).

Standard rate mortgage

Standard Variable Rate Mortgages

The Standard Variable Rate is the default interest rate set by lenders. Borrowers usually move to this rate when their fixed or tracker rate period comes to an end.

Tracker mortgage Southampton

Tracker Mortgages

A tracker mortgage is tied to the base rate established by the Bank of England. This means that the interest rate on the mortgage can fluctuate in sync with changes in the base rate.

interest only mortgage

Interest Only Mortgages

With an interest only mortgage, you are only required to pay the interest on the borrowed amount throughout the loan’s duration. It is crucial to have a plan in place for repaying the entire principal amount at the end of the mortgage term.

Offset Mortgages

Offset Mortgages

An offset mortgage works by linking a borrower’s mortgage account to their savings account. This arrangement helps reduce the amount of interest paid on the mortgage, as the savings balance is offset against the mortgage debt.

Benefit from Our First Time Buyer Mortgages Expertise & Experience in Southampton

Buying your first home is a significant milestone and navigating the complex world of mortgages can be overwhelming.

Our mortgage advisers can be valuable allies in this journey, offering expertise and guidance that can make the process smoother and more advantageous for first time buyers.

Some of the key benefits of using our mortgage advisers include:

Why choose Lock & Key Mortgages as your Mortgage Adviser in Southampton?

You can rely on our Expertise and Professionalism when it comes to Quality Mortgage and Protection Solutions:

Independent Mortgage AdvisersIndependent Mortgage Advisers

Access to the Entire Mortgage MarketAccess to the Entire Mortgage Market

Tailored & Personalised SolutionsTailored & Personalised Solutions

Knowledgeable & Experienced StaffKnowledgeable & Experienced Staff

Appointments by Phone, Online or In PersonPhone, Online, In Person Appointments

Friendly & ApproachableFriendly & Approachable

Most of our work comes from recommendation by existing customers, which is a testament to our level of service and client relationships.

Our clients benefit from skilled staff with a track record of integrity and professionalism and all our mortgage and insurance protection services are of high quality and cost effective.

With our experience, competitive fees and expertise, we are pleased to be able to support our clients with mortgage advice and planning in Southampton.

What People say about Lock & Key Mortgages