FIRST TIME BUYERS

Welcome to our First Time Buyer Learning Zone

Start your home-owning journey with Advice Guru as we take you through the mortgage options, application process and important considerations that every prospective property purchaser needs to know. Our unique Learning Zone allows you to record and track your progress as you increase your knowledge, empowering you to buy your first home with confidence.

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First Time Buyer

Buying your first home is always an exciting prospect, but also one full of unknowns and uncertainty. Our First Time Buyer modules are designed to equip you with all the knowledge you need to navigate your first home purchase.

If you’ve already taken our Learning Style Quiz and registered for your Learning Account, then you are ready to start the First Time Buyer modules (more details below)

Review the modules

First Time Buyers in numbers…

34
Average age of UK First Time Buyer (2022-23)
£53,414
Average First Time Buyer deposit (2023)
32yrs
Average First Time Buyer mortgage term (2023)

Sources: UK Finance, Halifax, TSB Bank

Our five learning modules

Our First Time Buyer Learning Zone is made up of five modules – featuring 21 individual courses and five mini-quizzes – covering all the information you need to put you on the right path to property ownership.

You have to be registered/logged in to access our learning modules

Click the links below to get more course information and to start a particular module.

This first module is an introduction to the subject of First Time Buyer mortgages. We start by defining the term itself, before moving on to more of the mortgage basics to get you started on your knowledge journey.

Course topics:

  1. Defining a First Time Buyer mortgage
  2. Qualification criteria
  3. Costs involved
  4. Obtaining advice
  5. Affordability and credit rating
  6. Mini-quiz
Start this module

Having covered the basics in the first module, we now delve into more of the details of mortgage borrowing for First Time Buyers.

Course topics:

  1. Borrowing options and limits
  2. Benefits and risks
  3. Key features and how they work
  4. Repaying interest/capital and the cost of borrowing
  5. Mini-quiz
Start this module

The mortgage market, like the rest of the financial services industry, is subject to wide-ranging regulation designed to protect consumers from financial harm. In this module, we explain the different layers of consumer protection and what they mean for you.

Course topics:

  1. The role of the regulator
  2. Vulnerable customers
  3. Adviser qualifications and duties
  4. Understanding your paperwork
  5. Mini-quiz
  6. Mini-quiz
Start this module

In this module we explain the process of applying for a mortgage, including what happens right at the end of the loan when it is time to repay your mortgage debt.

Course topics:

  1. The application process and completion timeline
  2. Your rights and responsibilities
  3. Accessing further borrowing
  4. The end of the loan term
  5. Mini-quiz
Start this module

In this final module, we’ll take a look at some other important considerations you may need to take into account alongside your mortgage application, especially in terms of protecting the future financial security of you and your family.

Course topics:

  1. Wills and Power of Attorney
  2. Lending terms and what they mean
  3. Alternatives to borrowing
  4. Protecting you and your family
  5. Mini-quiz
Start this module
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To understand the features and risks of a lifetime mortgage, ask for a personalised illustration.

Think carefully before securing other debts against your home.

Some Buy to Let & Commercial mortgages are not regulated by the Financial Conduct Authority.

Your home may be repossessed if you do not keep up repayments on your mortgage.

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