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First-time buyers

Oliver Meddick By Oliver Meddick

How do Home Legal Direct help first time buyers?

Home Legal Direct are here to support first time buyers on their first home purchase.

Here’s how:

More information to help you with your first home purchase

What qualifies me as a first-time buyer?

A first-time buyer is a person or persons buying a home for the very first time. There are certain considerations which are:

What is conveyancing?

Understanding how the conveyancing process works is key for first-time buyers. It can be a minefield with different paperwork and timescales and information all needing to come together to make the process run smoothly. We believe knowledge is power!

Read our help guide on the conveyancing process for buyers to give you a sound understanding of the steps involved in the conveyancing process

What government schemes are available for first time buyers?

Getting onto the property ladder can be difficult as a first-time buyer.  There are a number of government schemes that are there to help. Below is a short summary. We invite you to click on the links to find out more:

Shared ownershipThis gives the opportunity to purchase a percentage of a property rather than purchasing it outright. It works by purchasing between 25% to 75% and then paying a ‘rent’ on the share you don’t own.  It is most commonly available on new build homes.
First Homes schemeThe First Homes scheme gives first-time buyers the opportunity to purchase a new build home at a discounted price from the market value of equivalent properties. It applies to new homes built by a developer or a home being purchased that was originally purchased under the scheme.
Help to BuyThe Help to Buy scheme was designed to help first-time buyers get on the property ladder. It allowed first-time buyers to purchase a property with a 5% deposit and then take out an interest free loan on a percentage of the purchase price. However the scheme is now closing with applications being  taken up until 31 October 2022. 
Right to BuyThe Right to Buy scheme is aimed at council tenants and if eligible, it allows them to buy their council home at a discounted purchase price. 
Rent to BuyThe Rent to Buy scheme allows tenants to save for a deposit to purchase the rental property they are living in whilst paying below-market rent. To be eligible you must be a first-time buyer, be in full or part time employment and be able to save for a deposit and pay rent at the same time.

 

How do I get a mortgage as a first-time buyer?

Getting a mortgage as a first time buyer can be a daunting process.  It is advisable to get a mortgage in principal before you start to home search so you know how much you can borrow and so be realistic about the type of property you can afford.  Use our helpful calculator tools to get you started:

Why choose us?

Fast and accurate conveyancing quotation tailored to your needs

When you are looking to buy a new home, one of the first actions to take is to get a conveyancing quote so you can understand the conveyancing fees involved. The quotations we provide are highly competitive with no hidden fees.

We make the process simple; our conveyancing quotation form is quick and easy to complete, and you will receive your conveyancing quotation straight to your inbox within a matter of minutes. We will contact you to discuss your conveyancing quotation, talk you through the details and make any adjustments to ensure the information and conveyancing fees are right for your situation.

Learn about our quotes

Connecting you with a qualified conveyancer from our vetted panel of conveyancing experts

Finding a conveyancer can be a daunting task, so we do the hard work for you. When you accept the quotation and instruct with us, you are connected with a conveyancing company who has been accepted onto our conveyancing panel. We have a robust process in place to ensure we work with only the most efficient conveyancers.

Learn about our panel

Ongoing support from our inhouse conveyancing support team

Our own inhouse conveyancing support team are here to help guide you through the conveyancing process. We are on hand to provide the link between you and your conveyancer offering advice and guidance when its needed. Our goal is to quite simply help you reach your goal as quickly and efficiently as possible.

Learn about our support team

Working with a company you can trust

Providing our clients with the confidence they are working with a company they can trust, is of the utmost important to us. We demonstrate this through the accreditation's we hold, the experience of our inhouse and external conveyancing teams, a sound working practice and the testimonials we receive. Our focus is to do the best for our customers.

Learn about our company

Articles about first time buyer conveyancing

Government First Homes Scheme: Your step onto the property ladder

Getting onto the property ladder can be a challenge for many and in the current climate with house prices at a record high, owning your own home can feel out of reach. The Government has put

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New build conveyancing

Getting the right conveyancing advice when buying a new build property requires a high level of specialist knowledge which is where Home Legal Direct can help.We offer specialist conveyancing solutions

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Advice for first time buyers getting onto the property ladder

Looking to purchase your new home? This can be both an exciting yet nerve wracking time and for many first-time buyers the process can feel a little bit overwhelming. We have put together our top advice

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Oliver Meddick

Oliver Meddick

A passion for the property industry has been in Oliver Meddick's blood from a very young age. He has always had a hunger to achieve real change for clients in terms of service levels through multiple sectors. With a background in conveyancing, Oliver uses his expertise to spot areas for improvement within the process and is driven to enhance the experience for clients, resulting in a higher level of service.

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