First Time Buyers
Taking your first step onto the property ladder can feel overwhelming—but we’re here to make it simple. Our expert mortgage advisors will guide you through the entire process, from understanding your budget to securing the right mortgage for your needs. With clear advice and support every step of the way, we’ll help you move into your first home with confidence.
"Home ownership starts with a call to McGirls Money Management"
First things first. Home ownership starts with finding out what your mortgage options are. Your McGirls Money Management mortgage adviser will look at your income and outgoings to help you to set your budget for house hunting. They will also go through your mortgage options, so you can choose the product that best suits your circumstances.
Having a clear idea of the costs involved in buying a house helps first-time buyers to create a budget they can work to. Your mortgage adviser will go through all the expenses involved in your property purchase. You’ll also get details of when they will need to be paid – so you can manage your finances.
Once you find a property you want to buy, and you have your mortgage in place, you will need the services of a solicitor. They carry out process of ‘conveyancing’ which is the legal transfer of a property from the seller to the buyer. Conveyancing begins with your offer, and ends when you pick up the keys to your new home!
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON
YOUR MORTGAGE
YOUR MORTGAGE APPLICATION
Once you have found the mortgage that is right for you, your mortgage adviser will make an initial application for a ‘decision in principle’. The mortgage lender will carry out an initial credit search and deliver a decision on whether or not to proceed ‘in principle’.
When you find a home you want to buy, and you have your offer accepted, you will make a full mortgage application. The mortgage lender will carry out a valuation of the property and do all the necessary checks to ensure that you meet their lending criteria.
Remember – your McGirls Money Management mortgage adviser will be guiding and supporting you through every phase of the journey. You’ll have the benefit of their experience and expertise, throughout.