Award-winning advice, three years in a row
First Time Buyer Mortgages Aberdeen
Whole-of-market mortgage advice for first time buyers in Aberdeen and across Aberdeenshire. We take care of the lenders, the paperwork and the confusing terminology, leaving you free to concentrate on finding your first home.
✓ Solutions for applicants with past credit problems
✓ Phone or video appointments to suit your diary
✓ Free first consultation with no obligation
95%
Loan to value available, subject to circumstances
3X
Prestige Award winner, three years running
£0
Initial consultation is FREE with no obligation
FCA
Appointed representative.
Buying your first home in Aberdeen
First time buyers, you're in good hands
Purchasing your first home can feel overwhelming. There's plenty of guidance online, but a lot of it is outdated or doesn't apply to your situation. Prestige Mortgage Solutions will guide you through every stage, from your first question to collecting the keys.
We work with a wide range of lenders who consider applicants with small deposits, deposits gifted by relatives, borrowed deposits, or deposits supported by a government scheme. We also have options for people with previous credit issues who might find it hard to get approved by the big high-street banks.
Helping first-time buyers onto the property ladder is what we do best. We can liaise directly with your lender, solicitor and estate agent, explain each step in plain English, and give you the advice you need to secure the right deal on the home you want.
To find the mortgage that suits you, contact us today and arrange a free consultation.
Buying in Scotland
What makes buying in Aberdeen different?
Scotland has its own property tax, its own way of making offers and its own Home Report. Here's what first time buyers in Aberdeen should prepare for.
LBTT instead of Stamp Duty
In Scotland you pay Land and Buildings Transaction Tax rather than Stamp Duty. First Time Buyer relief raises the nil-rate band to £175,000, which means many first-time purchases in Aberdeen incur no tax at all. We'll check the exact figures against your budget.
The Home Report
Scottish sellers must supply a Home Report that includes a surveyor's valuation. Lenders study it carefully, and how the valuation compares with the asking price can affect how much you're able to borrow. We'll explain what it means for you before you make an offer.
Offers over and closing dates
Well-priced homes in sought-after parts of the city, such as Ferryhill, Rosemount and Cults, can still be set a closing date. Having an agreement in principle ready shows the selling agent your offer is serious when you only get one chance to submit it.
How it works
From your first chat to getting the keys
Step 1
Free consultation
A no-obligation chat about your income, deposit and what you want to buy.
Step 2
Affordability check
We review your circumstances and tell you honestly what's realistic in Glasgow.
Step 3
Agreement in principle
So you can offer with confidence, even against a closing date.
Step 4
Whole-of-market
High street brands through to niche specialists, then a clear recommendation.
Step 5
Application to keys
We manage lenders, solicitors and estate agents through to completion.
Why Us
Why choose Prestige Mortgage Solutions Ltd?
We aim to offer more value than the typical mortgage broker, and we leave no stone unturned.
☑ Dedicated mortgage support designed around your individual circumstances.
☑ Professional guidance that saves you time, money and stress.
☑ Access to rates from across the whole of the market.
☑ We handle communication between your lender, solicitor and estate agent.
☑ We stay with you for the long haul until you're in your dream home.
☑ Quotes come with no obligation.
Aberdeen areas where we help first time buyers
⚲Ferryhill ⚲Rosemount ⚲Old Aberdeen ⚲Torry ⚲Cove Bay ⚲Cults ⚲Bieldside ⚲Mannofield ⚲Bridge of Don ⚲Dyce ⚲Kingswells ⚲Westhill ⚲Portlethen ⚲Stonehaven ⚲Ellon ⚲Inverurie ⚲Peterculter
Can't see your area? Give us a call, as we cover the whole of the UK.
What our first time buyers say
★★★★★
"Chris and his team have helped me secure many mortgages. Very fast, hassle free and great deals have always been achieved when working with Chris.
- Scott O'Neil
★★★★★
"First class service from Chris McCann highly recommend him to anyone went above and beyond to help fantastic"
- Paul Lawley
★★★★★
"We had a fantastic experience with our mortgage advisor Chris. He was incredibly helpful, professional and supportive throughout the whole process, making what can be a stressful experience feel so much easier. He worked hard to get us the right mortgage and kept us informed every step of the way......"
- Keyleigh Lindsay
FAQs
Your first time buyer questions, answered
How much deposit will I need to buy my first home in Aberdeen?
Most lenders ask for a minimum of 5% of the purchase price, which is about £6,250 on a £125,000 flat. Putting down more usually gives you access to better rates. We work with lenders who accept small deposits, family gifts, borrowed deposits and deposits from government schemes.
How much can I borrow as a first-time buyer in Aberdeen??
This depends on your income, job situation, credit record, current commitments, deposit and the value of the property. We can run an affordability assessment so you know your borrowing power before you start viewing homes.
Do first time buyers pay LBTT in Scotland?
First Time Buyer relief lifts the LBTT nil-rate band to £175,000, so many first purchases in Aberdeen involve no tax. If the price is higher, tax applies only to the part above the threshold. We'll check the latest figures for your budget.
Can I get a mortgage with bad credit in Aberdeen?
It's often possible. We help people with missed payments, defaults, CCJs, debt management plans and low credit scores. Poor credit doesn't automatically rule you out, as we work with lenders who specialise in adverse credit.
Should I get an agreement in principle before making an offer in Aberdeen?
In Aberdeen we strongly recommend it. Popular homes in areas like Ferryhill, Rosemount and Cults can attract competing offers or a closing date, and an agreement in principle shows the selling agent that your offer is backed by funding.
Do you charge for your advice?
Your initial consultation and quote are free, with no obligation. If you go ahead with a mortgage application, we normally charge an arrangement fee depending on your circumstances. A typical fee is £499, payable only when you receive your mortgage offer from the lender. We always explain any fee clearly before you commit.