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First Time Buyers

Buying a house is one of the most important purchases you will ever make and buying a home for the very first time is an even more daunting prospect.

Taking your first step onto the property ladder is exciting – but with so much to think about, it can also be a little intimidating.

Abacus will be with you every step of the way.  We will calculate how much you can borrow, how much everything will cost, and guide you through the entire purchasing process from start to finish.

We’ll search the whole of market to ensure the most suitable mortgage deal for you.  With access to exclusive First Time Buyer mortgages through our network Quilter Financial Planning Limited

We’ll liaise with your lender, estate agent, solicitor, and surveyor, so you don’t have to worry.

Last, but not least, we’ll take care of all the paperwork.

Seven Simple Steps

If you’re a first time or inexperienced property buyer, you can count on us to support and guide you every step of the way.  You may find the following steps helpful when buying a home.

Step 1 – Contact Abacus so we can put a mortgage agreement in place. We can confirm to the vendor, (the vendor is the person who is selling the property), or estate agents that you are in a position to buy.

Step 2 – Find your ideal home. We suggest you visit at least twice before making an offer.  Appointments should be made through the estate agent – or we can make arrangements for you

Step 3 – Offer been accepted?  Call us right away to get your mortgage application moving, and we will find you a solicitor if you don’t already have one.

Step 4 – Your mortgage lender will instruct the property valuation or survey, to ensure the property is suitable for mortgage. Once the report has been received by the mortgage lender they will issue the formal mortgage offer.

Step 5 – This is where the solicitor takes over; all of the searches and other legal aspects are carried out.

Step 6 – Exchange of contracts. You are now committed to your purchase and should arrange your building insurance and life cover to be put on risk. Again, that is something that Abacus can do for you.

Step 7 – Completion. Congratulations, you now own your new home.

Not Ready Yet?

That's OK. We know it's not easy getting your mortgage sorted.

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