Before you start searching for your first home the key question you need answering will be about the size of mortgage that you can afford. This is where a mortgage advisor can help you.
If you are just starting to think about buying your first home we suggest you pop into your local branch for a 15-minute chat and we can give you some guidance.
Our Mortgage & Protection Advisor will explain how the mortgage process works and give you an idea of what monthly payments might look like for different mortgages.
You can use our Mortgage Calculator to work out what you can afford.
During your appointment, we'll sit down with you to work out your mortgage affordability. We’ll discuss your savings for a deposit, your income and whether you are buying a home with another person.
We’ll also review your monthly outgoings and commitments such as car finance or student loans and after a credit check, we should be in a position to give you an ‘agreement in principle’ on a mortgage.
You can then show this to estate agents and other parties as proof that you are likely to get a mortgage.
You can now begin the exciting part of being a first-time buyer: choosing your home, looking through the local newspaper’s property pages or scrolling through websites - with the full confidence that you can afford a mortgage that will buy you a good home.
At The Cumberland, we do not use credit scoring or other rigid models to decide on mortgage offers, but pride ourselves in working with you to decide on the mortgage that’s right for you and will see you moving into your first home.
Proof of ID
Last two payslips
Last three months bank statements
If you're ready to get your foot onto the property ladder and would like to know how much you could borrow, book your first mortgage appointment with us online