A helping hand as you take your first step onto the ladder
FIND THE BEST MORTGAGE RATES
Variable interest rates mean the market is always changing. We’ll consider various lenders to find you the right deal.
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GUIDANCE EACH STEP OF THE WAY
We’re here to help you understand the schemes available, lender T&Cs and the steps to securing your first property.
UNDERSTAND YOUR DEPOSIT
Learn more about the required funds and industry tips, such as increasing your deposit for better rates and lender options.
WE’RE WHOLE OF MARKET
We have exclusive access to a wide variety of first time buyer mortgages, giving you more choice.
How can our brokers help you?
Buying your first home can feel like an extremely daunting - and often confusing! – process. However, Beechwood Mortgages has a team of experienced brokers dedicated to cutting through the jargon and telling you exactly what you need to know to make your financial decision a success.
You may have limited experience of the property market, and that’s ok! We have been working with first time buyers across Reading and Berkshire since 2001, so we appreciate the mixture of emotions you may be feeling. Whatever your concerns, whether it’s finding the best mortgage rates or understanding what each scheme involves and how it could benefit you, our team is here to help you take your first step into property ownership.
Schemes available to first time buyers
Unlock the door to your future with a Lifetime ISA! This innovative savings opportunity was designed to help you reach two of life's major financial goals - buying your first home and preparing for retirement. For every contribution up to an annual set limit, the government rewards savers by offering 25% bonus payment based on their investments.
Shared Ownership
This enables people to purchase a share between 25% and 75% of an existing or new home. The property is typically purchased from a local housing association, then rent is charged for the percentage of the property not being purchased.
Right to Buy
This aims to support council tenants into property ownership. If you have at least three consecutive years’ tenancy, then you may be entitled to buy your home at a significant discount. Please consult with your mortgage adviser for full details and any other schemes which could help you purchase your first home.
The Mortgage Guarantee Scheme helps make buying a home more accessible for you The government has initiated this scheme to provide lenders with financial guarantees, so they can offer you mortgages up to 95% of the purchase price which must be £600,000 or less - all while ensuring affordability checks are met.
With the First Homes scheme, you can unlock unbeatable deals on your dream home. This government initiative offers an amazing opportunity to buy a house at up to 50% below average market value. The scheme allows you to purchase a newly-constructed property or previously owned property that was originally purchased as part of the First Homes scheme.
Deposit Unlock
Deposit Unlock Deposit Unlock is an innovative UK-wide scheme designed to open up homeownership opportunities. By providing mortgage insurance for lenders, it allows eligible first time buyers and existing owners to purchase a brand-new home with just 5% deposit - making the dream of owning your own property more attainable than ever before.
The next step to buying your first home in Reading
A mortgage is a huge financial commitment that should not be taken lightly however, the rewards you could reap are incomparable. It’s important you have considered feasibility, available funds and your current employment status before you make the commitment.
Once you’re ready to take the leap, working with our Reading-based brokers is the next move, who will guide you through the entire process and answer any of your questions along the way. From helping you gather documentation to liaising with lenders and preparing your application for submission, we take a proactive approach to move the process along smoothly.
