1. Lets have a chat
We’ll get to know you, understand your plans and answer your initial questions.
First Time Buyers
Buying your First Home?
Everything you need to know, explained clearly and simply.
Buying your First Home is exciting, but it can also feel overwhelming. Whether you’re just starting to save, viewing properties or you’ve already had an offer accepted, we’re here to guide you through every step of the journey.
Is this the right place for me?
Most First-Time Buyers have never done this before - that’s exactly why we’re here!
We’ll explain everything clearly and simply, answer every question (even the ones you think might be silly), and make sure you know exactly what’s happening from start to finish.
This page is for you if…
- You’re buying your First Home.
- You’re not sure where to start.
- You want to know how much you could borrow.
- You’re wondering how much deposit you’ll need.
- You’ve had an offer accepted.
- You simply want someone to explain everything without the jargon.
How we help
What does the process look like?
2. Understand your budget
We’ll work out how much you could borrow and what monthly payments might look like.
3. Find the right mortgage
We’ll search the market and recommend the most suitable mortgage for your circumstances.
4. We manage your application
We’ll submit everything, liaise with the lender, solicitor and estate agent, and keep everything progressing.
5. Collect the keys
The best bit!
Why Choose Erskine Financial?
Clear advice, real conversations and support that stays with you from first question to final decision.
- 01Local People.Based in Edinburgh, helping buyers all across Scotland (and beyond!).
- 02No Jargon.We explain things properly, not in mortgage adviser language.
- 03Whole of Market Advice.Access to hundreds of mortgage products from a wide range of lenders.
- 04Start-to-Finish Support.From your first viewing until you collect the keys, we’re with you all the way.
- 05Hundreds of 5-Star Reviews.Real clients. Real experiences. Real results.
Common Questions
Find answers to common questions.
How much deposit do I need?
The deposit required depends on the property, mortgage type and lender. Some residential mortgages may be available with a 5% deposit, while Buy to Let and specialist lending usually require more. We’ll explain the options available for your circumstances.
How much can I borrow?
The amount you can borrow depends on your income, regular commitments, credit history, deposit and the lender’s affordability assessment. We’ll review the full picture and give you a realistic borrowing range before recommending a mortgage.
How long does the process take?
Timescales vary with the lender, property and complexity of the application. A straightforward mortgage offer may take a few weeks, but the wider purchase can take longer. We’ll set expectations at the outset and keep you updated throughout.
Do I need a mortgage agreement in principle?
It is not a formal mortgage offer, but an Agreement in Principle can show what a lender may be prepared to lend and demonstrate to sellers that you are ready to proceed. We can arrange one when it is useful.
Can I use gifted deposit money?
Many lenders accept a gifted deposit, most commonly from a close family member. The person providing it will normally need to confirm that it is a gift rather than a loan and provide evidence of where the money came from.
What fees should I budget for?
Depending on your purchase, costs may include solicitor and conveyancing fees, a valuation or survey, lender or broker fees, removals and Land and Buildings Transaction Tax. We’ll help you identify the likely costs early.
When should I arrange life insurance?
It is sensible to review protection while arranging your mortgage so suitable cover can be ready when the purchase completes. We’ll discuss what you want to protect and recommend cover based on your needs and budget.
Ready to take the first step?
Buying your First Home starts with a conversation. Whether you’re six months away from buying or already have an offer accepted, we’d love to help. Book that first, free chat with us today.
