First Time Buyer Mortgages Eastbourne

Helping you get on the ladder

Congratulations on taking your first step toward homeownership!

We will not only help you secure the right first time buyer mortgage, but also make sure you understand the importance of life insurance and income protection once you own your home.

At Quanstrom Financial, we understand that buying your first home is a significant milestone, and we're here to make the process as smooth as possible.

First-time buyer mortgages, explained

Deposit: typically from 5% of the property value. A bigger deposit usually unlocks a wider range of rates.

How much you could borrow: some lenders offer first-time buyers up to 7 times their salary, depending on your circumstances and the lender.

Government schemes: options such as the Mortgage Guarantee Scheme, First Homes and the Lifetime ISA bonus can help boost your deposit or reduce what you need to borrow - we'll help you check what you're eligible for.

Stamp Duty relief: first-time buyers currently pay no Stamp Duty on the first £300,000 of a property costing up to £500,000, with 5% due on the portion between £300,001 and £500,000 (figures correct as of August 2026).

Frequently asked questions

How much deposit do I need as a first-time buyer?

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Most first-time buyer mortgages ask for a deposit of at least 5%, and the rate you're offered usually improves with a larger deposit.

How much can I borrow?

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Some lenders offer first-time buyers up to 7 times their salary, subject to your circumstances. Use the calculator above for an estimate, or get in touch for a figure tailored to you.

Do I have to pay Stamp Duty?

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First-time buyers currently pay no Stamp Duty on the first £300,000 of a property costing up to £500,000, with 5% due on the portion between £300,001 and £500,000. Above £500,000, first-time buyer relief no longer applies. Figures correct as of August 2026 - always confirm current rates before exchanging.

What government schemes are available?

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Depending on your circumstances, you may be able to use the Mortgage Guarantee Scheme, First Homes scheme, or a Lifetime ISA to help with your deposit. We'll talk you through what you could be eligible for.

As a first-time buyer, can I get a mortgage when I'm self-employed?

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Yes, you absolutely can. Self-employment doesn't rule you out as a first-time buyer - lenders just want to see evidence of your income, typically via accounts or tax returns.

Read our self-employed mortgage guide to find out more

Can I get a mortgage for a new build home?

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Yes - many first-time buyers use their mortgage to purchase a new build. Lenders often apply slightly different criteria to new builds, and some offer schemes specifically designed to help first-time buyers onto new developments.

Read our complete guide to new build mortgages for first-time buyers

Do you charge a fee for mortgage advice?

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Our fees vary depending on your circumstances. Get in touch and we'll explain any costs clearly before you proceed.