🏡 First-Time Buyer Mortgages in Guildford

Buying your first home in Guildford should feel exciting — not confusing. We guide first-time buyers across Godalming, Burpham, Merrow, Shalford and Worplesdon from early budgeting through to a formal mortgage offer. When regulated advice is needed, we’ll connect you with an FCA-regulated adviser who can recommend a suitable product for your circumstances.

🛠️ Practical Help for First-Time Buyers

• 💰 Map a realistic budget based on income, deposit and monthly commitments
• 📖 Explain product types in plain English — fixed, tracker, discount and more
• 📑 Prepare documents early to keep underwriting smooth
• ✅ Coordinate Agreement in Principle (AIP) before you start viewing seriously

📈 Routes onto the Ladder

• 📌 Fixed-rate for predictable payments over 2–5+ years
• 📊 Tracker/variable options that move with a benchmark rate
• 🏦 95% LTV (5% deposit) where eligible and affordable
• 👨‍👩‍👧 Family-assisted structures and gifted deposits
• 🏘️ Shared Ownership and First Homes where available

💡 How Much Could You Borrow?

Many lenders work around 4 to 4.5× annual income. The exact figure depends on deposit size, credit profile and outgoings; a larger deposit usually broadens product choice and can sharpen pricing.

📍 Local Notes

Guildford’s mix spans period townhouses near the High Street, family homes in Burpham and Merrow, and riverside apartments toward Shalford. Lease length, service charges and EPC ratings can all influence lender appetite and maximum LTV — packaging the case correctly helps avoid delays.

❓ First-Time Buyer FAQs

💵 How much deposit do I need?

Some lenders accept 5% deposits. Putting down 10% or more can widen options and improve rates.

🧑‍💻 Can I buy if I’m self-employed or a contractor?

Often yes. Advisers can assess averaged income (e.g., SA302s/accounts) or contractor day-rate models where accepted.

📄 When should I get an AIP?

Before viewing seriously — an AIP sets expectations and helps you move quickly when you find the right place.

💳 Will student loans or credit cards affect me?

They’re treated as monthly commitments in affordability and may slightly reduce the maximum loan.

➡️ Next Steps

Ready to make your first purchase in Guildford? Tell us about your plans and we’ll outline next steps and connect you with an FCA-regulated adviser for tailored guidance.