First Time Buyers

Thinking Of Buying Your First Home?

If you're a first time buyer looking to get a foothold on the property ladder, PropertyPal Mortgages can help you take that step. We'll show you what you can afford to borrow and we'll help find the best mortgage deal for you.

Why Choose PropertyPal Mortgages?

  • Online and face-to-face appointments

  • Open late evenings
    and weekends

  • Specific Northern Ireland mortgages

  • No fees

  • Free impartial advice

  • We keep you in the loop

An introduction to mortgages

Most first time buyers don't have the cash to buy a property outright, so that's where mortgages come in. A mortgage is a loan from a bank or other financial institution to buy a property.

You repay this loan, as well as interest, back to the lender over a set period of time.

A mortgage is unlike many other types of loans because your property is used as collateral. This means that if you fail to make your repayments, the lender can take possession of your home.

How Much Can I Borrow?

It's important to know how much you'll be able to borrow, as this will give you an idea of how much you'll need to save for a deposit and will allow you to start looking at homes in that price range.

Use our affordability calculator to explore what you could potentially borrow. For a more accurate confirmation, you can contact us free of charge where one of our fully qualified advisers can guide you through the process.

Please check you have entered all details correctly:

Applicant 1


Applicant 2


You are potentially able
to borrow between:


£ - £

This means with a 0 deposit you may be able to buy a house up to £0.

Find out who's doing some of the best deals on £ with deposit
(you can change the deposit on the next page)

Important! Please read.

This information is computer-generated and relies on certain assumptions. It has only been designed to give a useful general indication of costs. It's important you always get a specific quote from the lender and double-check the price yourself before acting on the information. We cannot accept responsibility for any errors (please report faults here).

How much do I need for a deposit?

Before even thinking about buying a home, you need to start saving for a deposit. Thankfully, there are initiatives like the government's Help To Buy ISA for first time buyers; where the government will boost your savings by 25% up to a value of £3,000.

Generally, the minimum deposit is 5% but the higher percentage deposit you have, the more mortgage deals you'll have access to.

How do mortgage repayments work?

There are two main types of mortgages; interest only mortgages and repayment mortgages. If you are buying a home to live in, your lender will probably require that the mortgage is taken out on a repayment basis. This will ensure that with each payment you make the loan is reducing and is guaranteed to be paid off at the end of your chosen term.

With an interest only mortgage you are not paying off any of the debt, and these are usually only suitable for buy to let mortgages.

How Much Will It Cost?

Calculate your mortgage repayments.

Capital + Interest (Inc. Fees)
- until -
Then - (variable)
Based on your criteria, no mortgage products are currently available. However, please contact us to discuss further options that may exist.
Your deposit is the same as the property value. It seems you do not require a mortgage.
Your deposit is greater than the property value. It seems you do not require a mortgage.
Based on your criteria, the Loan-to-Value % for this property is less than 1%. It seems you do not require a mortgage.
The minimum deposit for a Buy To Let mortgage is 20%. You will need to increase the deposit to see what products are available.
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Where do I go to get a mortgage?

Once you're ready to begin your mortgage journey, you can contact us at PropertyPal Mortgages. We have a team of professional mortgage advisers who compare the entire market and are not tied to any bank or lender, to give impartial advice and find a deal that's right for you.

At PropertyPal Mortgages, we don't charge a penny, we're open 24/7, you can make your mortgage appointment online, we do all your paperwork and we compare real time mortgage deals from across Northern Ireland.

Request a Callback

Find Out More

Enter your details below and we'll give you a call within 24 hours to get the ball rolling on finding the perfect mortgage deal. The first step will be a 15 minute call with one of our Mortgage Advisers and then, when you are ready, a face to face meeting with one of our Mortgage Consultants.

Please check you have entered all details correctly:

You voluntarily choose to provide personal details to us via this website.  Personal information will be treated as confidential by us and held in accordance with the UK Data Protection Laws.  You agree that such personal information may be used to provide you with details of services and products in writing, by email or by telephone. By submitting this information you have given your agreement to receive verbal contact from us to discuss your mortgage requirements.


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