First home buyer | Mortgage broker Liverpool, Carnes Hill & Sadleir

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Buying your first home in Liverpool, Carnes Hill and Sadleir

Often, buying your first home comes with new - and sometimes confusing - concepts to understand, and you will probably have lots of questions along the way. You need the best quality advice to help you succeed, and Anh Ngo has all of the knowledge and expertise to support and guide you through this exciting process.

As your trusted local mortgage broker, Anh will

Assess your eligibility for government support as a first-time buyer
Make sure you understand your borrowing power, and all of the hidden buying costs
Answer all of your questions honestly
Find the right loan from a wide selection of lenders
Complete and submit your application
Support you all the way through to settlement and into the future

It’s best to talk to Anh as soon as you start thinking about buying your first home - even 12-18 months before you plan to purchase. This will allow Anh to offer you valuable advice to prepare your finances, reach your savings goals, and get your application ready. Your home loan can affect your finances for years to come, so get in touch with Anh today to get started.

Using a guarantor to buy your home

We get it - saving up a 20% deposit for your home is difficult, especially when you are renting at the same time. Unfortunately, without a 20% deposit, you will need to pay Lenders Mortgage Insurance (LMI), which can add a significant extra cost to your home-buying budget. Some government assistance schemes can help you reduce or avoid LMI, or you could also consider using a guarantor.

Your guarantor, usually a close family member, offers part of their own home as security on your loan instead of paying LMI. While this means you can get into the market faster with a smaller deposit, it also means that your guarantor will be responsible for your loan if you cannot make the repayments. Using a guarantor is not something to be taken lightly, so talk to Anh about all the advantages and downsides. She will help you decide which path is right for you and your circumstances.