First time home buyers

First time buyer Northern Ireland - A person who has not previously bought or built a house and who is purchasing the property as their principal place of residence.

First time buyer - A person who has not previously bought or built a house and who is purchasing the property as their principal place of residence.

Step by Step guide to buying a new home

There are few things more exciting than being handed the keys to your very first home. Then once you’ve moved in, there's the fun of deciding where things will go and planning the housewarming party…

Mortgage IQ have provided our own step by step guide to buying your home. This will take you through initial decsions, right through to getting the keys to your new house. Mortgage IQ searches the mortgage deals available with all banks across Northern Ireland and GB to ensure you get the best deal for your circumstances and will look after all matters along the way.

How much can you afford

The 'How much can you borrow?' section will help you calculate the maximum amount you can borrow. This can vary greatly depending on you personal circumstances, outgoings, deposit and even type of occupation. There is no hard and fast rule and all lenders are different. It is always a good idea to fill in our decision in principle or have a quick chat with one of our mortgage specialists if you need you fall near the higher end of the limits.

If you're selling a home ask an estate agent to value your existing house. Don't forget to find out how much they will charge for selling your house, and compare their fees with those of other agents before deciding who to appoint. In Scotland, solicitors also provide estate agency services.

Check out your mortgage options

There are various types of mortgage and repayment methods available. Make an appointment with one of our Specialist Mortgage advisers to explore your options or phone us on 0808 22 4444.

You can obtain a Mortgage Promise, which shows a lender has agreed to lend you the money in principle. This is useful when dealing with estate agents and sellers because it helps to show you are a serious purchaser and that your finance is in place. Just complete our quick decision in principle to obtain your mortgage promise.

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

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