AMS


Advanced Mortgage Services Ltd is an appointed representative of The On-Line Partnership Limited which is authorised and regulated by the Financial Conduct Authority. Advanced Mortgage Services is registered in England. Company registration number 4751565.

Cherry Tree House, 20 Inverleigh Road, Bournemouth, Dorset, BH6 5HA.

Advanced Mortgage Services Ltd website is only for the use by UK residents & is subject to the UK regulatory regime.


David Hindmarch

Mortgage & Insurance consultant

Home AMS Mortgages Equity Release Insurance Estate Planning Business Services About Me Contact Me

FCA Consumer

Useful Links

The Money Advice Service

Privacy Statement

Client Agreement

Just Call   01202 422141

Free phone 0800 0029077

Or Request a call back

First Time Buyer






Mortgage Home

What is a Mortgage?

Types of Mortgages

Re-Mortgage

Buy To Let

Lending Criteria


Buying a home for the first time


High property prices have made it difficult for many people to afford to buy a home. This may be a particular challenge for you if you are a first time buyer, as you will have many one-off initial costs. These could include


Deposit

Valuation fee

Survey

Homebuyer’s report

Building survey

Mortgage Booking Fee

Mortgage arrangement fee

Mortgage Adviser Fee

Solicitors

Stamp Duty



Once you are certain you can afford the repayments and fees associated with the house purchase you are ready to obtain a mortgage lending decision. This is called an agreement in principle and is a lenders assessment based on your criteria and credit searches. It is important to know if you fit the lenders criteria before applying for an agreement because if you make an application and it is rejected it could show up on your credit file. The next time you apply for a mortgage the lender may see you have already been rejected and this may cause them concern.

In reality today this is done by computers and there is little or no human involvement at the initial stage so keeping your credit score healthy is vitally important.



What Will It Cost Me?

First Time Buyer Advice Adviser Broker in Bournemouth, Christchurch, Poole, Highcliffe, New Milton, Lymington, Ringwood, Ferndown, Dorset and Hampshire.


Your home is at risk of repossession if you do not keep up repayments on a mortgage or any other loans secured on it and you should think carefully before securing any debts on your home


In regard to residential mortgages we normally charge a fee of 0.5% of the loan. This fee will be reduced by any commission received from the lender typically 0.35%. Fees would become payable on completion of the mortgage.

[googlefd407ba59a151e5e.html]