First Time Buyer Mortgage Advice UK | Richmond Financial

Buying your first home is one of the biggest financial decisions you will ever make. At Richmond Financial, we specialise in guiding first time buyers through every stage of the mortgage process — from understanding how much you can borrow, to completing on your new home.

As a whole-of-market mortgage broker, we search hundreds of lenders to find the most suitable deal for your circumstances. Whether you have a 5% deposit or more saved, we will help you understand your options and make the process as straightforward as possible.

Your Trusted Partner for First Time Buyers in the UK

As a first time buyer, you deserve more than a one-size-fits-all mortgage. Richmond Financial provides tailored advice designed specifically for your financial circumstances, goals, and long-term plans. We help you understand:

• How much you can realistically borrow based on your income and outgoings

• Which mortgage products are most suitable for first time buyers

• How to access government schemes such as Shared Ownership or the Mortgage Guarantee Scheme

• What documents you will need for a full mortgage application

• How to strengthen your application and secure the most competitive rate

Our mission is to make homeownership accessible, straightforward, and stress-free for every first time buyer we work with.

Mortgage Options for First Time Buyers

Low Down Payment Mortgages

5% Deposit Mortgages A 5% deposit is enough to access a mortgage in the UK. Several lenders offer 95% LTV products, particularly through the Mortgage Guarantee Scheme, giving first time buyers a route onto the property ladder with a smaller deposit saved.

FHA Loans

Shared Ownership Shared Ownership allows you to purchase a share of a property (typically 25–75%) and pay rent on the remainder. You can increase your share over time through a process called staircasing. This is a popular and affordable route for first time buyers, particularly in higher-priced areas such as London.

Conventional First-Time Buyer Loans

Fixed Rate Mortgages Most first time buyers opt for a fixed rate mortgage, locking in their interest rate for 2, 3, or 5 years. This gives you predictable monthly payments and protects you from interest rate rises during the fixed period.

Government Assistance Programs

Government Schemes & Support We advise on all current UK government-backed schemes for first time buyers, including the Mortgage Guarantee Scheme, Shared Ownership, First Homes, and Right to Buy. Note: Help to Buy: Equity Loan closed to new applicants in March 2023.

Contact us today to schedule your free first-time home buyer consultation

Why First Time Home Buyers Choose Richmond Financial

Choosing the right mortgage advisor is just as important as choosing the right home. Here’s why first time home buyers trust Richmond Financial:

Personalized Guidance – We explain everything in plain language, no confusing jargon.
Access to Multiple Lenders – More options mean better rates and terms for you.
Fast Pre-Approvals – Get pre-approved quickly so you can shop with confidence.
Dedicated Support – A real advisor who stays with you from application to closing.
Transparent Process – No hidden fees, no surprises—just honest advice.

We take pride in building long-term relationships and helping first time home buyers make smart financial decisions from day one.

Customer Reviews

Learn more about us from our customers!

      EXCELLENT  
   Based on 85 reviews 
    
 
 
 
   
 
 
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   Reem Mahdi 
 
 
 
 Trustindex verifies that the original source of the review is Google. I would highly recommend Ahmed, he had excellent communication and great mortgage advice - thank you!
  
 
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   Zaid Ali 
 
 
 
 Trustindex verifies that the original source of the review is Google. Thanks to Yaser, I managed to find a competitive rate. I will definitely use them again for future mortgage applications
  
 
      Posted on Google  
   
   Love Hussain 
 
 
 
 Trustindex verifies that the original source of the review is Google. Very good advise and things went super smoothly. Highly recommend and would refer freinds and family
  
 
      Posted on Google  
   
   Josh Smith 
 
 
 
 Trustindex verifies that the original source of the review is Google. Just wanted to say a big thank you to Debi smith who has helped us throughout our transaction, her guidance and experience  in assisting us  throughout was second to none. I will be recommending to my colleagues and friends
  
 
      Posted on Google  
   
   sharon lansbury 
 
 
 
 Trustindex verifies that the original source of the review is Google. Very professional at all times. Have done ours and siblings mortgages. The best advice.  Everyone is very happy.. will always get the best rates after sourcing the market. In particular Debi Smith has been exceptional and goes beyond and above to give an excellent service .. which is very rare these days.  Thank you .. and would always recommend
  
 
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   Danielle Salisbury 
 
 
 
 Trustindex verifies that the original source of the review is Google. Massive thanks to Debi with the assistance on our recent remortgage application - would definitely recommend!
  
 
      Posted on Google  
   
   Monty Jivraj 
 
 
 
 Trustindex verifies that the original source of the review is Google. I recently had the pleasure of working with Richmond Financial Solutions, and I must say, my experience was nothing short of exceptional. From the moment I walked through their doors, the warmth and professionalism of their team were apparent. They offer a comprehensive suite of financial solutions that cater to both personal and business needs, ensuring that every client finds exactly what they're looking for. A special mention must go to Debbie Smith, whose expertise and dedication truly stand out. Debbie went above and beyond to ensure that my financial planning was tailored perfectly to my needs. Her insightful advice, patience in answering all my questions, and her ability to simplify complex financial jargon into understandable terms were invaluable. Debbie's commitment to her clients is evident in every interaction, and it’s clear that she genuinely cares about their financial well-being. The customer service at Richmond Financial Solutions is top-notch, their attention to detail is impeccable, and their commitment to providing personalized advice is why I will continue to use their services for years to come. If you're looking for a financial partner who truly has your best interests at heart, look no further than Richmond Financial Solutions.
  
 
      Posted on Google  
   
   Hussain Al-Hashimi 
 
 
 
 Trustindex verifies that the original source of the review is Google. Ahmad and his team are the best mortgage brokers I have used. Responsive, efficient and professional. Excellent service made the process so straightforward, easy and pleasant. Thank you Ahmad, Debi and all the Richmond Financial Solutions team.
  
 
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   Faf Faf 
 
 
 
 Trustindex verifies that the original source of the review is Google. Absolutely efficient and great service, everything is done up to standards, I totally recommend them. Rafal Ridha