Searching for your First Mortgage?
Zero Broker Fees for First Time Buyers!
Get ready for the excitement of buying your first home! Before getting too carried away, it's crucial to understand the essentials for a successful mortgage application.
From knowing how much you can borrow and understanding fees payable to providing the right documents and seeking an Agreement in Principle, our Learning Centre offers some top tips and information.
Learn about different types of mortgages and how your credit score affects interest rates and monthly mortgage repayments. Discover the benefits of a fixed rate mortgage versus a variable rate mortgage.
If you're considering a joint mortgage or perhaps seeking support from your family, our mortgage advisers are here to help. Get the information you need to climb the property ladder and make informed decisions about your mortgage. Let us help you find the best mortgage deals and kick-start your home buying journey now!
Here for every step of your first time buyer journey
FIRST TIME BUYER RATES
Our team provide advice on the latest mortgage rates available.
INVALUABLE HELP
Whether it’s the First Homes Scheme, Shared Ownership or a traditional purchase, we are here to help you.
DEPOSITS
Guidance on the funds needed to buy your first home and how an increased deposit will improve both lender options and the rates on offer.
WHOLE OF MARKET
This means we have access to a wide variety of mortgage products, for your benefit.
Getting the right help, first time, every time
Based in Reading, Beechwood Mortgages has been a key player in assisting first-time buyers in Berkshire and the surrounding counties with securing their mortgages since 2001, and there's no intention of stopping anytime soon.
Our friendly team aims to offer honest, transparent & comprehensive advice on mortgages. With the guidance of experts, the goal is to equip you with the knowledge to make a decision you feel confident about, regardless of your experience with the property market. Understanding the importance of making the right choice when purchasing your first property, the team works tirelessly to ensure the process is worry-free for all aspiring homeowners.
Free Mortgage Guidance and Support for First Time Buyers
No Broker Fee Payable for First Time Buyers
At Beechwood, we understand that purchasing your first home can be both stressful and costly. That's why we provide our expert advice and support for first-time buyers at no charge. Our goal is to ensure that your home-buying journey is seamless and affordable. Let us assist you in taking that first step toward homeownership with confidence.
Decades of Experience
With decades of experience in the mortgage industry, Beechwood guides you through the home-buying process. Our reliable mortgage brokers offer expert advice and tailored solutions to meet your unique needs and financial goals.
Stress-free Home Buying Experience
Don't let broker fees or mortgage complexities stop you from homeownership. Our team is here to guide you through the mortgage process easily, providing you with a single point of contact throughout.
Your Path to Easy Home Buying!
Discover your path to homeownership with Beechwood Mortgages! Get free advice and support and start your journey today!
*Offer applies to mortgages greater than £200,000 and excludes Shared Ownership & Right to Buy Schemes
Take Control of Your Credit with Check My File
We’ve teamed up with Check My File, where you can enjoy a 30-day free trial and gain a comprehensive view of your credit data from all three major credit reference agencies in one place, no more relying on just one source!
Enjoy the flexibility of cancelling anytime, and after your trial, continue the service for just £14.99 per month.
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.
Own New Rate Reducer
The Own New Rate Reducer scheme helps potential homeowners secure better mortgage terms for new build properties by partnering with developers and lenders. Developers contribute a percentage of the home's purchase price to lower the mortgage interest rate, leading to reduced monthly payments for the initial two to five years.
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 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.
How can Beechwood Mortgages help you?
Investing in property is a significant step, offering potentially priceless rewards. To help position you optimally for this leap, our mortgage advisors can assess your current financial status before any commitment is made. The goal is to make the journey onto the property ladder as smooth as possible by managing the hard work on your behalf.
Consider Beechwood Mortgages for straightforward solutions and efficiency.
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Will I pay Beechwood a Fee?At Beechwood, we always provide a free consultation and promptly disclose any potential charges for our services. We now offer complimentary support for first-time buyers (terms and conditions apply) and continuously strive to extend our trusted services free of charge to everyone. This is important as any mortgage brokers will charge for their services, which could be upfront or due upon completion—or sometimes both. Therefore, it's crucial to compare options. Check our Fees page for a full rundown on broker fees. You can also visit our page Do All Mortgage Brokers Charge Fees? for further information.
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Do all mortgage brokers charge fees?No, not all mortgage brokers charge fees. As a mortgage broker, we take our fee directly from the lender, so in most cases you don't have to worry about paying any additional fees for our assistance. We are committed to helping you find the best mortgage deal without adding any financial burden. Our goal is to make the mortgage process as transparent and cost-effective as possible for our clients. Check out our article Do All Mortgage Brokers Charge Fees? for a complete rundown on broker fees and what to look out for.
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What does a mortgage adviser do?A mortgage advisor will do the leg work for you, offering in-depth knowledge of the property lending market, helping you overcome challenges, and offering exclusive access to a database of banks and building societies. What's more, they offer a level of support that streamlines the entire process. You can learn more by visiting our article, Benefits of Working with a Mortgage Broker.
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How can I get the best mortgage advice?You can seek advice on mortgages directly from lenders such as banks or building societies. Alternatively, you can go to a whole of market mortgage advisor or broker who will search and compare numerous products at the touch of a button. Check out Benefits of Working with a Mortgage Broker for more information.
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Is mortgage advice free?Many mortgage brokers will charge for their services, which could be upfront or due upon completion—or sometimes both. Therefore, it's crucial to compare options. At Beechwood, we always provide a free consultation and promptly disclose any potential charges for our services. We now offer complimentary support for first-time buyers (terms and conditions apply) and continuously strive to extend our trusted services free of charge to everyone. Check our Fees page for a full rundown on broker fees. You can also visit our page Do All Mortgage Brokers Charge Fees? for further information.
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Do banks charge for mortgage advice?No, banks will not charge an advice fee. You do however need to remember that they will only recommend their own specific products. All lenders charge varying fees and this will be no different if you work with a mortgage broker. Whole of market mortgage advisors / brokers are more likely to provide an impartial perspective on the most suitable and competitive mortgage products and via a huge variety of lenders. Many brokers will charge a fee, for more information check out our article, Do All Mortgage Brokers Charge Fees?
