First Time Buyer

First Time Buyer Specialists

Call now 01273 758519 or complete our online form

Here at M.E.C Mortgages we do mortgage differently and are dedicated in helping first time buyers get on the property ladder, guiding you through your homebuying journey and giving you straightforward advice without the complicated lingo!

We specialise in helping all first time buyers, even those that thought it wasn’t possible!

We can advise you on a range of options which include:

First Time Buyer Mortgages
Help To Buy such as shared ownership
Deposit Unlock

Our registered Sussex and London based help to buy advisors will be on hand to support you at whatever stage of the journey you may be.

We will guide you at every step of the way, from how much you can borrow, to the legal work and finally getting the keys!

Find out more now and get in touch.

We work directly with UK homebuilders and as part of our service we can help find the right home for you, along with making and negotiating offers.

Find out more now and get in touch.

*As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments

Help to Buy

Help to Buy covers a number of UK Government Schemes that are helping first time buyers, or those who’ve owned a home before, buy a dream home.

With more options now available to help you buy your first home, having a specialist advise you is more important than ever.

We can talk you through the best solution, at whatever stage of your journey you may be.

There are options available for those with low deposits to low income and everything in between.

Find out more about some of the help to buy options below or contact us now and we would be happy to help you on your journey to homeownership.

Help to Buy

Own your dream home with M.E.C Mortgages and Help to Buy.

First Homes Scheme

If you’re a first-time buyer, you may be able buy a home for 30% to 50% less than its market value. This offer is called the First Homes scheme.

The First Homes Scheme is designed to help first time buyers get on the property ladder.

First time buyers can look for new homes in their area that are advertised by developers as part of the First Homes scheme and can then apply to the council to be part of the scheme, receiving a discount on the purchase price.

Developers offer these homes to first-time buyers with a 30% to 50% discount of the purchase price, meaning for some their dream home finally becomes affordable.

You must be:

18 or older
a first-time buyer
able to get a mortgage for at least half the price of the home
buying the home as part of a household where total income is no more than £80,000 (or £90,000 if you live in London)

The First Homes scheme is only available in England.

The homes cannot cost more than £420,000 in London, or £250,000 anywhere else in England, after the discount has been applied. You can only sell the home to someone who is eligible to buy a First Home. You must give them the same percentage discount that you got, based on the home’s market value at the time of sale.

The home can be:
- a new home built by a developer
- a home you buy from someone else who originally bought it as part of the scheme

The local council may also set some eligibility conditions. For example, some councils may prioritise giving First Homes discounts to:

essential workers
people who already live in the area
those on lower incomes

Get in touch

New Build and Finding a Home

We have a number of specialist tools to help you find and negotiate an offer on your brand new home. We can even make the offers on your behalf if you prefer.

Many UK homebuilders are starting to market more and more new build homes with numerous schemes to help you buy. We work closely with your new build company to ensure the process is as smooth as possible. Depending on what stage you start your homebuying journey, they may even let you choose certain specs or make changes to your new home making it perfect for you.

5% Mortgage

Government-backed mortgage scheme to help people get on the housing ladder.

Get in touch

5% Mortgage Scheme

A new government-backed mortgage scheme to help people with 5% deposits get onto the housing ladder is available now.

Simply put, the scheme helps first time buyers or homemovers buy their new home with a low deposit. All you need to do is put down a 5 % deposit on your new home with a purchase price up to £600,000 and we take care of the rest, securing you a mortgage for the remaining 95%. The mortgage is subject to standard affordability.

The government will offer lenders the guarantee they need to provide mortgages that cover the other 95%.

Shared Ownership

Shared ownership can be perfect for people with a low deposit or low income, including those who feel they can’t borrow or save enough to buy a new home.

Shared Ownership is an affordable home ownership scheme which makes it easier for first time buyers to get on the property ladder. Buyers purchase a share of the property, and pay rent on the remaining share. You can also put down a drastically reduced deposit.

You can buy a home through shared ownership if your household earns £80,000 a year or less (or £90,000 a year or less in London) and any of the following apply:

you’re a first-time buyer
you used to own a home, but cannot afford to buy one now
you’re an existing shared owner

With Shared ownership you part buy – part rent. Depending on a number of factors you could rent up to 75% of the new home, raising a mortgage for the remainder and putting down a small deposit if required (which will vary depending on your situation).

You can buy more of your home after you become the owner. This is known as ‘staircasing’. The cost of your new share will depend on how much your home is worth when you want to buy the share. We can help you through staircasing, so that you can eventually own 100% of your home.

Shared Ownership

Ideal for those on low incomes that aren’t in a position to borrow or save enough to buy a new home.

Get in touch

Family Mortgages

Options for families to support buying your new home.

Get in touch

Family Mortgages

There are a number of other options for those who have family that may be able to support a mortgage.

These range from no deposit options to being able to borrow that little bit more that you need.

Get in touch and we can talk you through the right options for you.

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

The Information on this website is subject to the UK regulatory regime and is therefore targeted at consumers in the UK. No representations are made as to whether the information is applicable in any other country which may have access to it.

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Registered Office: M.E.C Mortgages Limited, 22, 121-123 Davigdor Road, Hove, East Sussex, BN3 1HS
Registered in England & Wales No. 12936009 | M.E.C Mortgages Limited is authorised and regulated by the Financial Conduct Authority.
M.E.C Mortgages Limited is entered on the Financial Services Register https://register.fca.org.uk/ under reference 941553.

First Time Buyer

First Time Buyer Specialists

Help to Buy

Help to Buy

First Homes Scheme

New Build and Finding a Home

5% Mortgage

5% Mortgage Scheme

Shared Ownership

Shared Ownership

Family Mortgages

Family Mortgages

Newsletter Signup

The Information on this website is subject to the UK regulatory regime and is therefore targeted at consumers in the UK. No representations are made as to whether the information is applicable in any other country which may have access to it.

M.E.C Mortgages

Registered Office

Location