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Buying your first home?

...choose Cranfield Mortgages.

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If you’re thinking about buying your first home you’re probably finding the whole process of choosing the right mortgage and buying your ideal home rather daunting.

So what do you need to know to get on to the first rung of the property ladder?

The first step is to contact us and we will advise you on the mortgage options available to you. In the meantime, we’ve outlined below some background information on mortgages for first time buyers that we hope you’ll find useful.

 

So how much can you borrow?

The amount of mortgage you can get depends on your income. This figure could be higher or lower depending upon your individual circumstances and different lenders’ criteria.

Once you add to this the amount that you can afford to pay as a deposit, you have the amount you can pay for your first property. Some lenders offer very good deals for first time buyers, so it always worth asking us to research the market on your behalf.

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Cranfield Mortgages is a trading name of Just Mortgages Direct Ltd, which is an appointed representative of Openwork Limited which is authorised and regulated by the Financial Conduct Authority.

Just Mortgages Direct Ltd registered office: Colwyn House, Sheepen Place, Colchester, Essex, CO3 3LD Registered in England & Wales No 2412345.

Openwork Limited and Openwork Market Solutions Limited are separate companies within the Openwork Group. Openwork Market Solutions Limited is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales under registered number 03794658. Registered office: Washington House, Lydiard Fields, Swindon, SN5 8UB. Openwork Limited is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales under registered number 04399725. Registered office: Washington House, Lydiard Fields, Swindon, SN5 8UB

Your home/property may be repossessed if you do not keep up repayments on your mortgage

Some buy to let mortgages are not regulated by the Financial Conduct Authority