Blog

  • UK Government ‘Your First Home’ Scheme Explained: 2.5% Deposits and Equity Loans

    A young couple buying their new flat standing outside the new development on a nice day with a banner saying 'Your First Home' scheme.

    Summary The UK government’s newly announced ‘Your First Home’ scheme introduces a 2.5% deposit requirement alongside a 20% government-backed equity loan for first-time buyers in England purchasing eligible new-build properties.Here is how the mechanics of this flagship initiative work, how it compares to past schemes, and how to navigate the upcoming eligibility rules. Crossing the…

  • How to Get a Mortgage with Variable Income and Sales Bonuses: A Case Study

    Young couple stood outside a nice cottage. They are both happy and the weather is nice. It is a stone cottage with wisteria growing on the outside walls.

    Summary When expectant parents Adam and Sarah faced tight deadlines and complex, variable incomes, traditional high-street lenders struggled to see the full picture. First Select leveraged specialist underwriting to package Adam’s monthly sales bonuses alongside Sarah’s flexible school hours, securing their ideal family home ahead of their baby’s arrival. For first-time buyers, purchasing a home…

  • How a High-Net-Worth Business Owner Secured a High-Street Mortgage with Missed Payments.

    Business owner stood outside a luxury country home. Jaguar sports car on the drive way. He is aged 50 and is dressed smart holding a folder.

    Executive Summary High-earning entrepreneurs with minor administrative credit slip-ups often face instant rejections from automated high-street algorithms. By presenting the holistic financial strength of a high-net-worth business owner to a manual-underwriting specialist, First Select Mortgage Brokers secured a competitive high-street rate without penalty terms. The Hook: High Net Worth, Low Algorithm Score Running a thriving…

  • How We Secured a High-Street Mortgage for a BISF Metal-Framed Property for First Time Buyers

    Young couple holding their house keys in front of a BISF house. They are both happy and proud to be stood outside their new home.

    Summary: Securing a mortgage on a British Iron and Steel Federation (BISF) steel-framed property often pushes buyers toward expensive specialist lenders due to standard high-street rejections. First Select Mortgage Brokers navigated complex lender underwriting parameters to secure a high-street mortgage at a competitive low rate with a minimal deposit for two first-time buyers. The Goal:…

  • How to Get a Right to Buy Mortgage on a Zero-Hours Contract.

    Happy single mother enjoying cup of coffee in kitchen. Toddler playing in the back ground with toys.

    Summary: Single mother in Manchester, purchases home under Right to Buy scheme using zero-hours contract income & working benefit income. By looking beyond rigid, automated underwriting models, First Select Mortgage Brokers helped a hardworking single mother secure a competitive Right to Buy mortgage on a zero-hours contract. By combining variable earned income with state benefits,…