Buying your first home is one of life’s biggest milestones. It’s exciting—but also a little overwhelming. From saving your deposit and choosing the right mortgage, to understanding lenders’ jargon and costs, it’s a lot to take in.
At Mortgage Knight, we make the process simple, clear, and stress-free. We’ll guide you through every step, help you find the right deal, and explain exactly what you can afford, without the confusing bits.
We help:
A first-time buyer mortgage is simply a standard mortgage offered to people who have never owned property before. The good news? Many lenders offer:
The challenge? Every lender is different—and that’s where we come in.
Some lenders offer mortgages with just 5% deposit if you meet the criteria—ideal for renters with good income but less saved.
Buy part of a home and rent the rest—available via housing associations, with smaller deposits needed.
Discounted new-build homes for key workers and first-time buyers (in England).
Use family support to boost your borrowing power—either with savings or by securing against another property.
As a first-time buyer, you’ll need to budget for:
We’ll give you a full breakdown so there are no surprises.
Lenders typically allow you to borrow 4 to 4.5 times your income, sometimes more if you’re in a strong financial position or a professional role.
Example:
Income: £40,000
Max mortgage (approx): £160,000 – £180,000
But it’s not just about income—it’s about your credit, deposit, debts, outgoings, and more. We’ll give you an accurate, personalised figure.
We help you buy your first home with confidence—and without confusion.
Status: Chloe was renting in Bristol and had saved £9,000. She had a good job but was struggling to find a lender for a small deposit.
Solution: We placed her with a lender offering 95% mortgages for first-time buyers with solid credit and income.
Outcome: Chloe bought her first flat with a £180,000 mortgage, fixed for 5 years, with repayments under £900/month.
Status: Tom and Aisha were ready to buy but had limited savings. Aisha’s parents gifted them £25,000 for a deposit.
Solution: We helped document the gifted deposit and found a low-rate mortgage at 90% LTV, with no early repayment charge.
Outcome: They bought a £250,000 home with help from family, and a clear path forward.
Status: Dan was self-employed for just over a year and had been declined by a high street bank.
Solution: We found a lender that accepts 1 year’s accounts and used his accountant’s projection to support the income.
Outcome: Dan bought a one-bedroom starter home in Leeds and secured a £140,000 mortgage with a 10% deposit.
A: You can buy with as little as 5% deposit, though more opens better rates. We’ll explain your options clearly.
A: Possibly, yes. We’ll guide you on how to build or strengthen your credit file—and work with lenders who are more flexible.
A: Yes. There are several family assist and guarantor options, plus gifted deposit routes. We’ll show what works best for your situation.
A: It depends on the property price. Lenders typically allow 4–4.5x your annual income—we’ll calculate what’s realistic for you.
A: For first-time buyers, fixed-rate mortgages are popular because they offer certainty. But we’ll compare all options for you.
The team made everything easy, even with my complicated income. I'd been turned away before, but not here.
