Question 1

How much deposit do I need as a first-time buyer in Hampshire?

Accepted Answer

You can buy with as little as 5% deposit through government-backed schemes, though 10-15% deposits unlock better rates. For a £250,000 home in Basingstoke, that's £12,500-£37,500. We'll show you how to maximize your deposit using Lifetime ISAs (government adds 25%), Help to Buy schemes, and family assistance options available to Hampshire first-time buyers.

Question 2

How much can I borrow for my first home in Hampshire?

Accepted Answer

Most lenders offer 4-4.5x your annual household income, though some go to 5.5x for strong applications. If you earn £50,000 jointly, expect £200,000-£275,000 borrowing capacity. Our adviser partner assesses your full circumstances including credit history, existing debts, and employment type to maximize your borrowing for Hampshire properties.

Question 3

What are all the costs of buying my first home?

Accepted Answer

Beyond your deposit, budget for: Stamp Duty (£0 on first £300k for FTBs), survey (£400-£1,000), legal fees (£850-£1,500), mortgage valuation (£0-£500), mortgage arrangement fee (£0-£2,000), and moving costs. For a £250,000 Hampshire property, total costs are typically £2,000-£4,000 plus deposit. We provide a detailed cost breakdown for your specific purchase.

Question 4

Can I buy with bad credit or no credit history?

Accepted Answer

Yes! Many first-time buyers in Hampshire have limited credit history or past credit issues. Our adviser partner works with specialist lenders who consider applications others reject. Missed payments, defaults, or CCJs don't automatically disqualify you. Their Basingstoke team has helped hundreds with adverse credit buy their first Hampshire home.

Question 5

Should I get a mortgage Agreement in Principle before viewing properties?

Accepted Answer

Absolutely! An AIP (also called Decision in Principle) shows Hampshire estate agents and sellers you're a serious buyer with confirmed borrowing power. This strengthens your offers in competitive Basingstoke and Hampshire markets. We provide AIPs within 24-48 hours at no cost, giving you confidence when house hunting.

Question 6

How long does the first-time buyer process take in Hampshire?

Accepted Answer

From accepted offer to keys typically takes 8-12 weeks. Timeline: Mortgage application (1-2 weeks), lender valuation (1-2 weeks), mortgage offer (1-2 weeks), legal work (4-8 weeks). Hampshire chains and property searches can extend this. Our Basingstoke team manages timelines and expedites where possible to get you into your first home faster.

Your First Home in Hampshire Starts Today

Your Journey to Homeownership in Hampshire

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First-Time Buyers in Hampshire: By The Numbers

Government Schemes & Support Available in Hampshire

Shared Ownership

Lifetime ISA

95% Mortgages

First Homes Scheme

Why First-Time Buyers Use Our Adviser Partner

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Local Hampshire Expertise

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How Much Can You Borrow For Your First Hampshire Home?

Mortgage Calculator

First Time Buyer Questions