Your first mortgage appointment

First Time Buyers

How much can I afford to borrow?

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.

What happens during my first mortgage appointment?

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.

What ID should I bring to my first mortgage meeting?

checked.png Proof of ID

checked.png Last two payslips

checked.png Last three months bank statements

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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

Make sure to view our useful first-time buyer hub for everything you need to know when buying your first home.

Looking for more information?

We've put together a really useful guide with 8 easy steps to owning your own home, from finding the perfect property and the mortgage process right through to the big move and everything in-between!
Download our first-time buyer guide
Your mortgage is secured on your home. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.