First Time Buyer

Getting on the property ladder is an exciting time for everyone, but is equally as daunting. As a first time buyer, it’s usually the largest financial commitment we make and you want to be sure you know what you’re doing.

How Much Can You Borrow?

This is usually first question every first time buyer has. Once you know how much you can borrow, it gives you an idea of what kind of property you can buy.

Our experts will walk you through the process, establishing what you can afford and what lenders will be prepared to lend you. We will discuss the benefits of different deposit levels on how it can alter the interest rate and recommend the most suitable term to fit your budget.

We will guide you through the different rate types before recommending the most suitable mortgage to fit your needs.


A deposit is the amount of money you put down against the property up front. Deposits are important, as the greater the deposit, the more likely you are to be accepted for a mortgage. The size of the deposit you need depends mostly on the price of the house you want to buy. There are government schemes available where you need only 5% deposits, but in most cases you need at least 10%.

Understanding Loan To Value (LTV)

The loan to value (LTV) is a percentage showing how much of the property value is covered by a mortgage.

So assuming you look at a property value of £150,000 and you have a deposit of £15,000, that’s a 10% deposit and therefore a 90% LTV.

LTV is important as many lenders will offer better interest rates for lower LTVs (a smaller loan against the value of the property). This is because for the lender, the risk is lower as they’re putting less money forward against the total value of the property.

Interest rates are often set in brackets. So for a 90-95% LTV you will be offered a higher interest rate. This interest rate will be lower for the 80-89% LTV bracket, lower again for the 70-79% LTV and so on.

Progressing Your Purchase

We will continue to liase with the lender to ensure a mortgage offer is issued within a suitable time frame. Or case handlers wil happily liase with the Estate Agent and your Conveyancer where required and ensure the process is as smooth as possible for you right to completion.

Cannot recommend Regal Finance enough! Matthew and Kirsti were amazing and completely took the stress out of the process. They were always available to answer questions and guide us through everything. I found they had access to a wider range of products than other advisors I had used in the past. I will be recommending Regal Finance Group to everyone I know!
L Fowler
L Fowler
Matthew and his team have gone above and beyond to help us with our mortgage. As first time buyers we decided to seek advice from a mortgage advisor. After having an offer accepted on a house we needed some support with the mortgage fairly quickly and Matthew managed to fit us in out of usual hours to suit us. We had a very detailed call with him and all our questions were answered. From this point onwards Kirsti managed our application and the whole process was fast and effortless as they managed everything. We made the best decision using Regal finance. If you choose to go with Regal you’ll be in good hands.
Jamie Wells
Jamie Wells
I can’t recommend regal finance group enough. Kirsti and Matthew have been amazing. They are so quick to respond and the advice they give has been so helpful. Don’t hesitate to get in contact if you need a mortgage. Thanks Jamie and Lauren
Sam Powell
Sam Powell
Excellent service and company
Erion Andoni
Erion Andoni
I recently had the pleasure of working with Rick to secure a mortgage for my new home and a buy-to-let mortgage for my existing property. Rick's assistance was truly invaluable throughout the entire process. Rick effortlessly guided me through both processes, making sure every detail was covered. His commitment to assist and his availability and willingness to answer my questions, no matter how small was exemplary. Rick's expertise in mortgages was impressive. He made a complex process seem straightforward. I wholeheartedly recommend Rick as a mortgage broker. He is not only skilled but also genuinely cares about his clients' success.
I did my due dilligence looking at various brokers and was pleased to have received excellent help and direction from the Regal Finance Group. From the lead advisor to the administration team we were kept updated and communication was steady. Our situation was not an easy one for the team but they persevered and assisted us well.
Peter Nelson
Peter Nelson
We've had a great experience with Regal Finance Group both getting our mortgage initially and now re-mortgaging a few years later. Particulalry during the current turbulent market we really appreciated how calm they made us feel by presenting our options clearly and answering all of our questions. We'd highly recommend them, they have really taken the stress out of mortages!
samantha sothcott
samantha sothcott
Matthew and Kirsti at Regal Finance have been absolutely brilliant through a difficult remortgage. Always available to talk through anything and explain processes when needed. I would definitely recommend their services and thank them for their guidance.
amy evans
amy evans
Kirsti and Matt were super helpful and always at the end of the phone to explain everything in detail to me. They saved us a lot of money and had great contacts to use and everyone worked together really well to get it over the line in time. Would highly recommend
izzy P
izzy P
Can not recommend enough! Matthew and his team gave me the most amazing support throughout my process. Buying a property for the first time can be daunting and Matthew gave me fantastic advice and talked me through everything in as much detail as I needed.


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    The Ideal First Time Buyer

    There’s no ideal profile for a first time buyer. Typically lenders will want you to have a regular income, a good credit history and deposit in excess of 10% of the property value. Lenders are looking to minimise their risk. So anything that displays that you are going to pay regularly and that lending to you would be a good investment, it makes you an ideal applicant. We are here to help you obtain a mortgage that’s best suited to your individual circumstances, regardless of whether you are deemed a bad credit first time buyer.

    Government Schemes

    If you’re struggling to raise a large enough deposit for the property you want, there are Government schemes available. The Help-to-Buy scheme allows you to buy a house with just a 5% deposit. Additionally, Key Worker Mortgages are available for Government workers who qualify, typically teachers, doctors and members of the armed forces.

    Shared Ownership

    Shared ownership can also help you get a foot on the property ladder if you’re struggling for a deposit. Shared ownership helps first time buyers buy letting them buy a percentage of a property, with the remainder owned by either the developer or housing association. You own a percentage of the property, so should it increase in value, the value of your stake increases too.

    Get A Mortgage With Regal in 3 Easy Steps


    Step 1

    Complete an enquiry form and an advisor will call you back.


    Step 2

    Send us the documents we need.


    Step 3

    Receive a Decision in Principle from one of our lending panel.

    Got A Question? Get In Touch