First-time Buyer
Dreaming of your very own pad? We can help turn your home owning dreams into a reality…
First-time Buyer
Dreaming of your very own pad? We can help turn your home owning dreams into a reality…
Find the best rate in today’s mortgage market for your needs!
Have a ton of questions?
Feeling a bit overwhelmed by the whole process?
Feeling a bit overwhelmed by the whole process?
Let Frog Financial Management ease your worries and guide you smoothly onto the property ladder. We know buying a house is an exciting adventure, but it can also feel a bit daunting.
So, where do you start, and what exactly is involved?
At Frog Financial Management, we take care of all the financial details for you. As experienced mortgage brokers specialising in helping first-time buyers, we’re here for you every step of the way.
Your journey to owning your first home starts here. Let’s make it happen together!
How it works
How it works
What’s next?
As a first-time buyer, you’ve likely spent the past few years saving diligently to make your dream of owning a home a reality. Now, it’s time to take the next exciting step: discovering how much you can borrow.
Get mortgage advice when buying your first home
Navigating the world of mortgages can be complex, especially for the self-employed or those with variable earnings. That’s where a mortgage adviser comes in. We’ll help you find the most suitable and affordable mortgage for your personal situation.
During our mortgage advice process, we take the time to understand your circumstances and requirements. We have access to virtually every lender in the UK, allowing us to advise you on the right mortgage choice from the whole-of-market. We identify the most cost-effective lender for your needs and ensure you meet their criteria. Each lender has different requirements, and it’s crucial to match these to ensure everything runs smoothly.
Using the latest tools and our expertise, we conduct a detailed income and expenditure affordability assessment to ensure the level of borrowing you need will be approved by the lender. With our comprehensive assessments and access to almost all lenders, we strive to make your home-buying journey as smooth and worry-free as possible.
For many lenders, we have direct access to their underwriting teams and liaise with them throughout the process to ensure they fully understand your circumstances. Once your mortgage application is submitted, we manage the entire process from start to finish.
When to apply
Knowing when to make your mortgage applications is crucial.
Before you dive into the exciting process of viewing properties, it’s always a good idea to have your mortgage agreement in place. This is also known as an Agreement in Principle (AIP).
Ready to speak to a Mortgage Advisor?
Our team provides expert, unbiased mortgage advice. Get in touch today to start your journey toward homeownership.
Find the best rate in today’s mortgage market for your needs!
Frequently asked questions
Frequently asked questions
Skip the time-consuming online mortgage calculators. At Frog Financial Management, our experts understand that the amount you can borrow depends on your unique circumstances. Lenders will consider whether you are buying jointly, your earnings, and your monthly credit commitments. These factors can cause significant variations in the amount you can borrow. By speaking with our specialist advisers before you start house hunting, you’ll gain the confidence that you can afford your dream home!
There are two parts to this question:
- Upfront costs: These include your deposit, solicitor fees, survey fees, and mortgage arrangement fees. Depending on current legislation and your personal circumstances, there may also be a Stamp Duty cost.
- Monthly commitments: Your regular mortgage payments and any other related expenses.
All these costs are based on your individual circumstances. To get accurate figures, give our advisers a call – they’ll provide you with precise information tailored to your situation.
If you’ve saved up and are ready to buy your first home, your first step should be to speak with our mortgage experts. We will guide you through the entire process, from figuring out what you can afford and providing the estate agents with proof of your affordability (known as an Agreement in Principle) to sourcing the right solicitor. We’ll be with you every step of the way.
Lenders will assess you based on three main areas: your credit history, your ability to repay the loan, and the security of the property you wish to buy. Each lender has individual criteria that determine whether they will accept your application. By providing full information to our advisers, they can review your situation and recommend the most suitable lender for you.
There isn’t a one-size-fits-all answer to this question. Factors such as buying a leasehold property, being part of a large buying chain, or your vendor not having found a new property can all cause delays. However, by working with Frog Financial Management, we will coordinate with solicitors and estate agents to help you move into your new home as soon as possible.
“The bank of Mum and Dad” has become a common option as property prices continue to rise. First-time buyers often need help from their parents or a third party to fund a deposit, or even to take joint mortgages. Lenders now recognize these requirements and offer flexible options. We can help you find the right solution to suit your individual circumstances.
Whether you are self-employed, a contractor, working for an agency, or starting a new job, there are lenders willing to consider your unique circumstances. However, the mortgage market is constantly evolving, and so are each lender’s criteria.
Talk to our experts at Frog Financial Management. We stay up to date with the market and can find the perfect mortgage tailored to your needs. Let us help you navigate the complexities and secure the best deal for your situation.
Whether you are self-employed, a contractor, work for an agency, or are starting a new job, there are lenders who will consider lending based on your situation. The mortgage market and each lender’s criteria are constantly changing. Our experts stay up to date with the market and can find the right mortgage for you.
Lenders use your credit history to check for adverse credit events like payment defaults, CCJs, or bankruptcy, as well as to understand your current financial commitments. Each lender will assess this information differently. It’s important to note that when lenders access your credit report, it leaves a visible ‘footprint’. Too many enquiries can negatively impact your credit score. Our advisers, with over 18 years of experience, are adept at navigating lenders’ eligibility criteria and can guide you to the right lender with minimal impact on your credit rating.
A good place to start is by downloading your credit file for free at Checkmyfile. They offer a free, no-obligation 30-day trial. After the trial, you will be charged £14.99 per month if you choose to continue. We receive a small referral fee from Checkmyfile.
The mortgage market can be complex and confusing – that’s why we’re here! Check out our short guide to mortgage types
Mortgages for Contractors can be something of a minefield. Lenders differ in the way they assess a Contractor.
At Frog we work with every client individually. Whether you have just started Contracting or have been for many years, there are lenders out there that will consider your application.
We provide advice for the following Contract workers:
- Self-employed Contractors
- Employed fixed/short term Contractors
- Contractors working under Umbrella companies
- Contractors with only a few months contracting experience
- Agency workers with at least 12 months working history
We already advise business owners and company directors on protecting the things that are most important to them. So, we’re well-placed to advise on the mortgage options if you if you are self-employed.
Lenders will class you as self-employed if you are a sole trader, a partner in a partnership or a company director with an identified percentage shareholding, typically 20% and above.
We can advise you on what you’ll need to supply to verify your self-employed status and with our expert, professional guidance, we can cut through the options and recommend the a suitable mortgage for your needs.
Cutting through the myths of mortgages for the self-employed:
- There are several mainstream lenders who will lend to applicants with just one year’s trading figures, so there is no need to wait if you have recently become self-employed. However, the majority will want two years trading figures.
- In general, lenders will work off the average of the last two years’ income figures:
- For sole traders, this is the average of your last two years’ net profit (after all costs and expenses have been deducted from your turnover)
- For limited company directors, lenders will use a combination of salary and dividend income
- Some lenders will use salary and share of the net profit from a business, if you are a limited company director. If a director is not receiving all the profits available within the business, this option can yield greater affordability, if needed.
You’ll have access to all the same mortgage products available to employed applicants.
Frog Financial Management has specialist knowledge in the large loan mortgage market and many of our clients require borrowing in excess of £1,000,000.
Whether this is on a residential, investment or commercial property, we have extensive knowledge and contacts within the large loan arena. We have developed contacts with the lenders who understand and operate in this demanding marketplace.
We are able to advise on the options for your needs to achieve the level of borrowing you require.
Commercial lending is referred to a third party. Neither Frog Financial Management or The Right Mortgage Ltd are responsible for the advice received.
An interest-only mortgage gives you cheaper monthly payments on your home loan but you are not actually paying back any debt.
At the end of the mortgage term you will still owe your lender the amount that you borrowed, and therefore you need to have plans to repay this at the start of the loan. A repayment mortgage clears the debt by the end of the mortgage term. New regulatory requirements stipulate that lenders can provide interest-only mortgages, only if there is a credible strategy for repaying the capital.
Despite this, the majority of mortgage lenders have chosen not to offer interest-only residential mortgages, and where lenders do offer these mortgages, there is strict criteria to meet, before a lender will offer your mortgage on this basis.
This is why it is very important to seek advice when considering an interest-only mortgage, we are here to help.
The interest rate you pay is fixed for a set number of years, so your monthly payments remain unchanged throughout this time, helping you to budget with confidence. Do you have a specific monthly budget in mind? With a fixed rate mortgage, even if rates in general rise, your mortgage payments won’t. Know exactly where you stand financially each month.
An Offset mortgage allows you to offset savings balances to pay less interest on your mortgage. Think about it, you could pay off your mortgage earlier, saving you thousands of pounds!
Discount, Variable and Base Rate Tracker mortgages may mean your monthly payments will be lower compared to Fixed Rate Mortgages.
Lower payments when you need them most! You could take advantage of some of the lowest mortgage rates around.
Some of our Google Reviews
Contact us for your fee free mortgage consultation
We offer you initial no obligation consultations. Frog Financial Management will bear the cost of this, where we will: Describe our services more fully and explain the payment options. Gather and analyse personal financial information about you and your aims and objectives. Recommend and discuss any action we think you should take.
Refund of fees
All fees are fully refundable should we be unable to achieve a Lenders Mortgage Offer (as applied for), except in the following circumstances:
Client not proceeding due to own choice. | Client not proceeding due to valuation issues. | Client not proceeding due to property chain issues. | Client non-disclosure of material facts.
Example of fees
for residential mortgages
We typically charge £527,
payable on application.
Standard residential mortgage – £527
Shared ownership and Right to Buy – £674
Product switch – £137
Complex/impaired credit history – £797
Example of fees
for buy-to-let mortgages
We typically charge £557,
payable on application.
Standard Buy-To-Let mortgage – £557
Limited company Buy-To-Let mortgage – £677
HMO Properties/Portfolio landlords*- £779
Product switch – £137
Complex/impaired credit history and non-standard properties – £979
*A ‘Portfolio Landlord’ is defined as client(s) having four or more buy-to-let properties (mortgaged or mortgage free), on completion of this mortgage transaction.
Example of fees for
Bridging, Development
and Commercial mortgages
We typically charge £787,
payable on application.
Business Finance – £987
Development Loan – £987
Commercial Mortgage – £787
Bridging Loan – £787
Example of fees
Lifetime mortgages
We typically charge £1,147,
payable on completion.
