Our Tools and Guides for First Time Buyers

At Newcastle Building Society, we understand that the journey to buying your first home is exciting, but it's easy to feel lost. There is so much to think about, even before the house-hunt has begun!

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So whatever stage of the journey you're at - whether you're still saving for your deposit, looking for the best mortgage deals for first time buyers, or have your completion date in sight - you'll find all of our helpful first time buyer guides and tools below to help you stay on track.

First things first - how much do you have for a deposit?

The amount that you can afford to put down as a first time buyer deposit will directly impact how much you will be able to borrow for your mortgage. On our 'How much do you have for a deposit?' page, we'll explain more about how deposits impact your borrowing.You'll also find information about our 5% deposit First Time Buyer mortgages, and the other costs of buying your first home that you'll need to factor into your budget.

If you are buying a home using a gifted deposit from your parents or other family members, we're here to help you too! Our qualified mortgage advisers are here to help and can explain the process of buying a house with a gifted deposit - please call us on 0345 606 4488 to speak to one of our team or book an appointment now.

On the other hand, if you don't yet have a deposit to put down on your first home, read our tips on saving for a deposit to help you get started or speed up the process!

Find out how much you can borrow

Before the search for your perfect first home begins, you'll need to know how much you can afford to borrow for your mortgage, especially as some estate agents won't allow you to view properties with them until they know that you're likely to find a lender.

On our 'How much can I borrow?' page, we explain how the Newcastle calculate the amount that we could be willing to lend you, based on your income and monthly outgoings. Alternatively, you can use our simple online mortgage affordability calculator for an idea of how much you could borrow before you speak to us.

Choose which type of first time buyer mortgage is best for you

Once you have an idea of how much you can borrow, you can compare mortgage deals for first time buyers to decide which one would be best for you. There are several different types of mortgage deals on the market, which can sometimes make it tricky for you to know which one is best for you and your circumstances.

On our 'Which type of mortgage is best for you?' page, we explain the available options for first time buyer mortgages and the features and benefits of each. You can then calculate the repayments you're likely to make on each type of mortgage with our quick mortgage repayment calculator.

We have mortgages for all types of first time buyers,including those that have previously owned a home and are looking to do so again. If this is you, one of our expert mortgage advisers would be very happy to answer any questions that you have at this stage - please call us on 0345 606 4488 to speak to one of our team or book an appointment now.

Know what to expect at each stage of the house buying process

So, what's next? In our first time buyers' step by step guide to the house buying process, we break down the stages and typical timeline of buying a house.

From looking for your first property (and what to consider during viewings) and putting in an offer, to the mortgage application process, choosing a solicitor and what happens on your completion date, we explain what you'll need to do and expect at each stage.

Get prepared for a stress-free moving day

As soon as you've found a property to buy, you'll already be daydreaming about moving in! However, it is wise to think practically about your countdown to moving day, especially if you live in rented accommodation as you may need to give a certain amount of notice to your landlord.

Our guide to preparing for moving day includes a moving house checklist so you can start getting organised. Then when the big day arrives and you're ready to move in, our moving day hints and tips will help it to go smoothly so you can start enjoying what you've been looking forward to: owning your very first home.

We hope you find our first time buyer guides helpful - but should you need more assistance or would like a mortgage quotation for buying your first home, you can speak to one of our expert mortgage advisers by calling 0345 606 4488 or book an appointment now.

Your mortgage will be secured on your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

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