Three-time Prestige Award winner
First Time Buyer Mortgages Barnet
Whole-of-market mortgage guidance for first time buyers in Barnet and across North London. We manage the lenders, the paperwork and the technical terms, so you can concentrate on finding your first home.
✓ Solutions for applicants who have had credit problems before
✓ Phone or video appointments arranged around your routine
✓ 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 Barnet
First time buyers, we'll walk you through it
Buying a first home in London can feel like a big step. There's a lot of advice online, but plenty of it is out of date or doesn't fit your situation. Prestige Mortgage Solutions will support you from your first question right through to completion.
Our panel of lenders includes providers who will consider small deposits, deposits gifted by family, borrowed deposits and deposits that come through a government scheme. We also have options for applicants with previous credit issues who might be turned down by the main high-street banks.
Helping first-time buyers onto the property ladder is what we do. We can liaise with your lender, solicitor and estate agent, explain each stage clearly, and give you the guidance you need to secure a strong deal on the home you want.
To find the right mortgage for you, contact us today and book a free consultation.
Buying in England
What should first time buyers in Barnet know?
Property prices in Barnet are higher than the national average, so it pays to understand the costs and the process before you start. Here are the main points for first time buyers.
Stamp Duty and first-time buyer relief
In England you pay Stamp Duty Land Tax (SDLT). First-time buyers receive relief on homes up to £500,000, with no tax on the first £300,000 and a reduced rate on the portion above that. If the price goes over £500,000, the relief doesn't apply at all, which matters in parts of Barnet. We'll check the exact figures against your budget.
Surveys and valuations
There's no Home Report in England. Your lender carries out its own valuation, and we recommend arranging an independent survey as well, so you know the condition of the property before you commit. We'll explain how the valuation can affect what a lender is willing to offer.
Offers and moving quickly
In England an accepted offer isn't legally binding until contracts are exchanged, so sellers tend to favour buyers who are ready to proceed. Having an agreement in principle and your solicitor lined up shows your offer is serious and helps keep your purchase on track.
How it works
Your journey from first chat to new keys
Step 1
Free consultation
A friendly, no-obligation talk about your income, your deposit and the sort of home you'd like.
Step 2
Affordability check
We look at your finances and tell you honestly what's realistic in Barnet.
Step 3
Agreement in principle
A document that supports your offers, so you can act with confidence.
Step 4
Whole-of-market
We compare lenders from the big banks to niche specialists, then give you a clear recommendation.
Step 5
Application to keys
We keep your lender, solicitor and estate agent on track until the purchase is complete.
Why Us
Why choose Prestige Mortgage Solutions?
We aim to give you more than the average mortgage broker and to leave no stone unturned.
☑ Mortgage support built around your own circumstances.
☑ Professional advice that saves you time, money and stress.
☑ Access to rates across the whole mortgage market.
☑ We manage communication between your lender, solicitor and estate agent.
☑ We'll stay with you for as long as it takes to reach your dream home.
☑ All quotes come with no obligation.
Barnet areas where we help first time buyers
⚲Chipping Barnet ⚲New Barnet ⚲East Barnet ⚲Friern Barnet ⚲Cockfosters ⚲Whetstone ⚲Totteridge ⚲Arkley ⚲Oakleigh Park ⚲Underhill ⚲Brunswick Park ⚲New Southgate ⚲Mill Hill ⚲Finchley ⚲Hendon ⚲Colindale ⚲Edgware ⚲Hadley Wood ⚲Potters Bar ⚲Borehamwood
Can't spot your area? Call us, as we help buyers across the whole of the UK.
What our first time buyers say
★★★★★
"Excellent service and high quality work. They provided me with a range of mortgage options and gave me the best deals for my circumstances. Always answered my queries and there to help. Thank you Chris."
- Dori
★★★★★
"Chris genuinely cares about getting the best mortgage for you. We will definitely be using Prestige Mortgage Solutions again!"
- Joanna Milne
★★★★★
"Chris was amazing and left no stone unturned when came to him with a tricky BTL mortgage. Even when we had set backs he never stopped and ensured everything was sorted. Thanks Chris"
- Jack Gaddes
FAQs
First time buyer questions, answered
How much of a deposit do I need to buy my first home in Barnet?
Most lenders ask for at least 5% of the purchase price, which is £20,000 on a £400,000 flat. A larger deposit generally gives you access to better rates. Our lender panel includes providers who accept small deposits, family gifts, borrowed deposits and deposits from government schemes.
How much can I borrow as a first-time buyer in Barnet?
It depends on your income, how you're employed, your credit record, your existing commitments, your deposit and the property's value. We can run an affordability assessment so you understand your borrowing potential before you start viewing homes.
Do first time buyers pay Stamp Duty in England?
First-time buyers get relief on properties priced up to £500,000, with no Stamp Duty on the first £300,000 and a reduced rate on the rest. If the price is above £500,000, standard rates apply to the whole purchase. We'll confirm the current figures for your budget.
Can I get a mortgage if I have bad credit in Barnet?
Potentially, yes. We help people with missed payments, defaults, CCJs, debt management plans and low credit scores. Having bad credit doesn't automatically rule out a mortgage, because we work with lenders who specialise in adverse credit.
Should I get an agreement in principle before making an offer?
We'd strongly advise it. In a competitive area like Barnet, an agreement in principle shows the estate agent and seller that your offer is backed by funding and can be taken seriously.
Do you charge for your advice?
Your initial consultation and quote are free, with no obligation. If you go ahead and apply for a mortgage, we usually charge a fee for arranging it, 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.