Buying your first home

If you're like most first-time home buyers, you've probably listened to the advice of friends, family and coworkers, many of whom are encouraging you to buy a home. However, you may still wonder if buying a home is the right thing to do. Relax....having concerns is normal. The more you know about why you should buy a home, the less scary the entire process will appear to you.

Unless you've got a large sum of cash available, you’ll need a deposit for a mortgage before you can seriously consider buying your first home. This will be at least 5% of the value of your new home, but is more likely to be 10-20%. So on a £200,000 house, a 10% deposit would be £20,000.

Sounds like a lot of money? We have schemes like Deposit Match which means if you put down a 5% deposit, we'll match it which will make it easier to buy your dream home. 

Stepping onto the property ladder is a huge milestone and is a great way to invest in your future. Your monthly mortgage payments would be an investment in your biggest asset.

As the rate of inflation can increase and decrease, The Bank of England will adjust mortgage base rates accordingly and, while Taylor Wimpey is not authorised by the Financial Conduct Authority and therefore cannot provide any advice in relation to mortgages, we can put you in touch with an Independent Financial Advisor to talk through your options.

We also have many incentives available that could help you on the property ladder including Deposit Unlock. You can find out more here.