First-Time Buyer Mortgages
Expert guidance to unlock the best deals and secure your future with a trusted, qualified advisor.
SERVICE
Are you looking for a mortgage for your first home?
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.
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.
KEY FEATURES
Types of mortgages available for first time buyers
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 intermediary 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 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 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 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 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
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
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
Expert Guidance
Our mortgage advisers possess in-depth knowledge of the mortgage market, including the latest products and rates.
They can provide personalised advice tailored to your financial situation and goals.
Access to Exclusive Deals
Our advisers often have access to exclusive mortgage deals and rates that may not be available to the general public, potentially saving you money over the life of your loan.
Time Savings
We streamline the mortgage application process, saving you precious time by handling paperwork, liaising with lenders and ensuring your application is on track.
Cost-Efficiency
We help you compare mortgage options, ensuring you secure a loan with favourable terms, potentially saving you money on interest payments over time.
Reduced Stress
The complex mortgage process can be stressful, especially for first-time buyers. We act as your advocates, easing your worries and providing peace of mind.
Tailored Solutions
Our advisers assess your unique financial circumstances and long-term goals, offering mortgage solutions that align with your needs, whether it's a fixed-rate, tracker or interest-only mortgage.
Clear Explanation
Mortgage jargon can be confusing. We simplify the terminology, explaining your options clearly, empowering you to make informed decisions.
Negotiation Skills
Our experienced advisers can negotiate on your behalf, securing favourable terms and potentially lower interest rates with lenders.
Help With Complex Cases
If your financial situation is complex or you have credit issues, we can often find lenders willing to work with you, increasing your chances of approval.
Compliance & Regulations
We stay up to date with ever-changing mortgage regulations, ensuring your application adheres to the latest requirements, minimising the risk of rejection.
Ongoing Support
Your relationship with Lock & Key Mortgages doesn't have to end at loan approval. We can continue to offer guidance and support throughout your mortgage term.
Secure Your Dream Home with Expert Mortgage Advice!
Looking for the best mortgage deal? Whether you're a first-time buyer, remortgaging, or investing in property, we’ll find the perfect solution for you.
- Tailored mortgage solutions
- Exclusive rates & expert advice
- Stress-free application process
Contact us today
or Book a Free Consultation!
What our clients say...
Read why we are the best mortgage broker in Southampton
James Duffy
7 months ago
Graham and Kristie were brilliant when helping me secure a mortgage as a first time buyer. They were able to secure me an exponentially better deal than available direct via lenders (and other brokers), and made the process extremely easy and stress free. Without being referred to them, I would have never bought a flat. They were very knowledgeable and answered questions quickly, and gave me some really helpful advice. They did not charge a fee as I was a first time buyer which was great. Really appreciate the help and would recommend lock and key to anyone!
Anna-louise Walters
7 months ago
Graham has been incredible to work with. As a first-time buyer, he has explained everything thoroughly, listened to and answered my many questions in detail and is very responsive as well as getting me the best deal. His assistant, Kristie, is also fantastic. I went to other mortgage advisors at the beginning and the experience was totally different and far more personal with Graham. Would absolutely recommend working with him. Thank you.
daniel orman
8 months ago
Graham, Kristie and the team were fantastic throughout the process of our remortgage.
Communication was excellent and explained in ways in which we could easily understand. Options and impacts were discussed, no pressure whatsoever about anything and just a genuinely helpful, friendly bunch of knowledgeable people who are so helpful
Couldn’t recommend more!
Ian Richards
8 months ago
I can’t recommend Graham highly enough. He’s incredibly helpful and explains everything clearly, making the whole mortgage process easy and stress-free.
I used Graham for my first mortgage, and his help made a huge difference. I’ve since gone back to him for two renewals and each time the experience has been just as smooth. I couldn’t be happier with the service he’s provided and would happily recommend him to anyone looking for a great mortgage broker.
Ellie Warry
8 months ago
I had the pleasure of working with Graham buying my first house, I couldn't recommend him enough! He went above and beyond helping me deal with all aspects of the sale and he made this experience way less stressful and smooth sailing. Thank you so much Graham and Kristie you are amazing!
lydia blackshaw
9 months ago
Graham was absolutely amazing throughout our entire mortgage process. From start to finish, he made what could have been a stressful experience feel straightforward and manageable. He was incredibly knowledgeable, patient with all our questions, and always made himself available when we needed guidance. Graham went above and beyond to find us the best rates and explained everything in terms we could actually understand. We couldn't have asked for a better mortgage advisor and would highly recommend him to anyone looking for exceptional service. Thank you, Graham!
Peter Barton
9 months ago
I would highly recommend using lock & Key to help you with your mortgage. Graham helped us with our first mortgage 5 years ago and now 5 years on, Graham is helping us get the best deal he possibly can again. The experience, knowledge and attention to detail Graham and the team bring is invaluable and certainly takes the pressure off while trying to find a deal that works for you.
Abi Cutts
9 months ago
As a first-time buyer, getting a mortgage felt incredibly daunting, but Graham at Lock & Key Mortgages made the entire process so much easier. He was always available to answer my questions (no matter the time of day!) and explained everything clearly and patiently.
Graham was attentive, supportive, and genuinely cared about helping me secure the right mortgage for my first flat. His dedication and reassurance made such a difference during what could have been a very stressful time.
I honestly couldn’t have done it without him and would highly recommend Graham to anyone looking for a knowledgeable and committed mortgage advisor.
Mark Smith
9 months ago
Another mortgage renewal completed smoothly by Graham and his team. We have been using Graham for nearly 20 years through various house moves and renewals. He is extremely professional and friendly, each time he has advised various options based on our personal position and the financial climate at the time. We have recommended him to family and friends who have all had equally brilliant experiences.
amber bailey
9 months ago
As first-time buyers, we had a great experience using Lock and Key for our mortgage advice. Graham and his team were really helpful, quick to respond, and always took the time to explain things clearly. They made the process straightforward and stress-free, and we’d happily recommend them to others.
George Ivory
9 months ago
We used Lock and Key for our mortgage advice as first-time buyers, and Graham and his team have been very helpful throughout. They were always prompt, explained everything clearly, and made the whole process feel much smoother. Would definitely recommend.
Courtney Haywood
9 months ago
Graham has been amazing throughout the process of getting our mortgage 2 years ago and remortgaging now. Nothing is too much for him. He messages and calls with any information and talks through everything till we understand it. We couldn’t be more grateful for his help throughout the whole process!
Lauren Pickup
11 months ago
We have worked with Graham on multiple mortgages now and he is always extremely knowledgable and easy to work with. He has secured us fantastic mortgage deals time and time again. I couldn’t recommend him enough!
Charlee Gladman
11 months ago
This is my second time using Lock & Key Mortgages, I have been so impressed with Graham that I wouldn't go anywhere else, and happily recommend him to everyone I know. From the minute you make contact, Graham is friendly, professional, explains things in a simple (as I know nothing about the mortgages!) but knowledgeable way and does everything possible to get you a good mortgage deal. His communication is brilliant and I genuinely couldn't praise him and his service enough.
Lydia Cooke
11 months ago
We are lucky enough to have known Graham since 2016 when we bought our first house. He has already seen us through two house purchases and two remortgages, and we are now in the process of our third house purchase with the company’s help and guidance. Throughout every process he has been so helpful, offered us great advice and answered my many, many questions very promptly! I wouldn’t consider anyone other than Lock and Key Mortgages for any future moves and we recommend them to anyone who will listen! While the process of moving house can be stressful, we are lucky to have found such a great mortgage advisor to make the process so much easier!
Kristie Read
11 months ago
Renewing our mortgage with Graham was an absolute pleasure from start to finish. He made what could have been a stressful process feel effortless, guiding us through every step with clarity and confidence. Graham’s ability to explain complex details in a way that was easy to understand gave us complete peace of mind. We couldn’t recommend him highly enough to anyone looking for a mortgage advisor - Thanks Graham!
mollie Spratt
12 months ago
Graham and kristie have been absolutely amazing in our mortgage journey. We couldn’t have asked for a better service from people who seem to genuinely care and want to help. The process has been made so easy and Graham couldn’t be more responsive - answering our calls whenever we needed him even if it was not in office hours and getting back to us as soon as he could. I really could not recommend him more and be more thankful for such a great service. I wouldn’t go to anyone else for future remortgaging or help in this area. Time is taken to explain everything in ways that are easy for us to understand and he has made sure to keep both me and my partner in the loop throughout giving us frequent updates and checking in on us.
Paula O'Grady
1 year ago
Amazing service from Graham at Lock and Key. I was passed Graham’s name from a friend who raved about him. I wasn’t sure he would be able to help as we had usual circumstances - only needed a mortgage for 11 months and were uncertain about our options. I was reassured straight away from Graham that he understood and there were products out there we would benefit from financially. 3 days later and it’s pretty much all done. Graham had applied and got things underway immediately to make sure we got the best deal before there were any changes. We are so grateful and appreciative. Also communication has been fantastic. Thank you Graham.
Sophie O'Toole
1 year ago
Graham and Kristie were exceptional in the service provided. Nothing was too much trouble and we always kept up to date at every step. A personal and empathetic service, thank you
Brady Hampton
1 year ago
Graham and the team are brilliant. As a first-time buyer I had no idea how the mortgage process works and was recommended Lock and Key Mortgages. They didn't only get me the best rate on the market (that I couldn't find myself) but also effectively managed the whole process from start to finish being the lynchpin between solicitors & estate agent.
Superb and would recommend!
Lucy Goddard
1 year ago
Without a doubt the best mortgage advisor around! I have been extremely nervous from the very start and Graham’s help and support has got us where we need to be! He has been extremely responsive at all times and being available on WhatsApp has been amazing as any questions or worries have been answered so quickly! Graham has today secured us our mortgage!! I have dreamed of this moment for years and with Graham’s pure dedication and patience we have received the paperwork!! Graham’s knowledge is unmatched in the market and I wouldn’t hesitate to recommend to anyone! Thank you doesn’t quite seem enough!!
Maddison Burden
1 year ago
We went to Graham to help us buy our first home and he has been amazing. The best decision we made during our buying process was choosing him! He made us feel so comfortable and made everything clear. We have been able to ask him questions whenever we need and he gets back to us so quickly, couldn’t recommend him enough!!
Sarah Collings
1 year ago
I cannot recommend Graham highly enough. He has been managing our mortgage for the past 15 years, and nothing is ever too much trouble for him. He is always willing to answer all our questions, regardless of whether they are big, small, or seemingly silly. Over the years, he has provided us with excellent advice and genuinely cares about securing the best deal for us.
He is always available on the phone or WhatsApp and responds promptly, even while on his holidays.
I have recommended Graham to many of my friends and family members, and they all echo our sentiments: he is truly a genuinely lovely person.
Mark Tyler
2 years ago
Support and advice has been second to none. Would and have made recommendations and will continue to do so.
Gemma Baker
2 years ago
Graham is the best financial adviser I have dealt with. He is responsive, easy to talk to and understanding of different personal situations to work to find the best way forward. I would not hesitate to recommend Graham/Lock and Key Mortgages.
Hannah Sullivan
2 years ago
Graham has been utterly amazing from start to finish! He guided us through our mortgage process with so much patience, professionalism and support, we are so grateful for all his help and guidance.
He is approachable, no question or query was too much. He will come very highly recommended to anyone in need of a mortgage or any advice. Thank you Graham and Lock & Key - your service is truly second to none!
Ben Mitchell
2 years ago
It’s been a faultless experience finding a mortgage for my next house with Graham at Lock and Key Mortgages. From the start, he was professional, approachable, and genuinely took the time to understand my needs. He walked me through every step of the mortgage process, answered all my questions, and provided clear, straightforward advice. What impressed me most was his dedication to finding the best deal for me, and he made sure I felt confident and informed throughout. I couldn't have asked for better service and will definitely be recommending him to family and friends. Thank you, Graham, for making this process so much easier!
Adam Lowther
2 years ago
Have used Graham at lock and key for a few mortgages now, really helpful and thorough. Great at explaining different things for us to understand and always really accommodating. We wouldn’t use anyone else.
Beccy Mintram
2 years ago
We highly recommend Graham at Lock and Key Mortgages. We've used Graham for almost 10 years, across a couple of house moves and re-mortgages and cannot fault his service. He is thorough and explains everything really well (to us as non finance-y people!), and always looks out the best options for us.
Thanks Graham, we will definitely be back at mortgage renewal time!
Kate Blackmore
2 years ago
I have been a client of Graham's for years and he is always super helpful and proactive. He recently sorted our remortgage out for us and we're really grateful of Graham's excellent service once again. Thanks Graham!
Harry
2 years ago
Graham has been excellent. As first time buyers, my partner and I started shopping around for rates from both fee-charging and fee-free mortgage brokers. We were recommended Graham by a family member and were immediately impressed with both his knowledge and friendliness. He not only generated us the best rates as a fee-free broker, but has gone above and beyond in explaining/facilitating the house buying process (e.g solicitors, surveyors etc).
Thoroughly recommend Lock and Key Mortgages and will no doubt be getting in contact when it comes to remortgaging!
Natalie Sparshott
2 years ago
Graham has been an absolute pleasure to work with from start to finish. All of my friends had used him as their broker & highly recommended Graham to me, so we decided to use him as ours this time for our move.
From thousands of questions which never seemed to bother him, to changing our mortgage lender/rate god knows how many times, we cannot fault any of his work.
Thank you so much Graham for all of your help, you’ve been absolutely fab. We will definitely be using you in 2 years again!