First Time Buyer Mortgages

The Most Suitable Mortgage Advice


We understand buying your first home will be a daunting prospect and a big investment of your time and money. Where do you start looking for the right mortgage?

The prospect of trawling the internet or booking an appointment with the local high street lender will involve hours of research time and can often be confusing.

As a First Time Buyer you will want to ensure the purchase of your first home is in safe hands and the advice you receive is structured to suit your needs.

Where do you start?

Trawling the internet or booking an appointment with the local high street lender can be timely and confusing.

The perfect deal

We can help you find the best mortgage product that suits you and your circumstances.

Expert advice

Chat with a friendly member of the Riviera Mortgages team for the right guidance and support.

Moving forward

We will guide you through the process to completion. What matters to you, matters to us!

Frequently asked questions

1What is a mortgage?
A mortgage is a loan taken out to buy a property. The amount you borrow is secured against the value of the property and is paid back over the term of your mortgage – typically 25 years. The amount you need to borrow depends on the size of your deposit against the purchase price of your property.
2What is a first-time buyer?
If you've never owned a home, then you’re considered a first-time buyer. However, there may be occasions when one mortgage lender classes you as a first-time buyer, while another doesn’t. Typically, you’re considered a first-time buyer if:
  • You’ve never owned a residential property either in the UK or abroad,
  • or
  • You only own – or have only owned – a commercial property with no living space attached to it (for example, a pub with upstairs accommodation).
  • On the other hand, you’re probably not a first-time buyer if:
  • You’re buying a property with someone who owns, or has previously owned, a home
  • You’ve inherited a home, even if you never lived there and it’s since been sold
  • You’re having a property bought for you by someone who already owns their own home, such as a parent or guardian.
  • Always check with a lender if you’re unsure whether you qualify as a first-time buyer.
    3How much can I borrow as a first-time buyer?
    The amount a first-time buyer can borrow depends on a number of factors. A mortgage provider will work out how much you can afford to pay back each month by taking into account your credit rating and history, your income and expenses, and how much money you have for a deposit. As a first-time buyer, you’ll also need to consider how an increase in interest rates (see below) might affect your ability to pay back your mortgage.
    4What is a loan to value ratio (LTV)?
    Your loan to value ratio (LTV) is the amount you can borrow on a mortgage compared to the overall cost of a property. Mortgage lenders usually have a maximum LTV ratio they’re willing to offer you. For example, if you’re looking to buy a property worth £200,000 and the lender is only willing to lend you 90% of the property’s value, you’ll receive a mortgage of £180,000 and you’ll need a deposit of £20,000. As a general rule, the lower the LTV, the lower the rate of interest you might be charged.
    • Everything was fantastic. Thank you!
    • Communication was absolutely brilliant and quick to respond to everything.

    • Ben & Jenny
      As first time buyers, we cannot thank Colin and Riviera Mortgages enough for his help and guidance with applying for our first mortgage. His availability to speak outside hours and expertise to steer us in the right direction has been fantastic. Thank you so much - highly recommend!
      Ben & Jenny
    • Will & Nat
      Having served in the British Army for over 25 years we have often had difficulty securing a mortgage. There have been several mortgage brokers in the past who have overpromised and underdelivered and others who ’specialise' in brokering mortgages for Armed Forces personnel and their families but charge a very high fee of several thousands pounds and higher. Colin’s fees have never been in the 4-figure region, he has charged us exactly the same as his other customers. Colin of Rivieria Mortgages has never charged high fees even though we have ‘challenged’ him on numerous occasions and he has always come through, regardless of where in the country we had been posted to. Having to move every couple of years has meant having a high number of addresses on our credit file, yet this has never been an insurmountable problem for Colin. Regardless of whether it was a buy-to-let or residential mortgage Colin has always delivered and with a decent rate too. His communication has always been fantastic throughout and even if it didn’t work out with one lender Colin always had other options, he would advise us and stay in contact throughout, keeping us updated on the progress every step of the way. Colin has never failed us and we cannot speak highly enough of him, I would recommend him and Riviera Mortgages to anyone and everyone, especially to those serving in the Armed Forces community.
      Will & Nat
    • R Lane-Keeble
      Extremely helpful and went above and beyond to help.
      R Lane-Keeble
    • K Monro
      The service felt personalised and unhurried.
      K Monro
    • P Drinkwater
      Colin Tucker and his team from Riviera Mortgages were on hand throughout the transaction which for various reasons was particularly stressful.
      P Drinkwater
    • L Hemmings
      Very good advice, willing to listen to our concerns and provided us with a very good over all package.
      L Hemmings
    • A Lynn
      The service I have received has been excellent and I’m extremely grateful that Colin as gone up and beyond to get us the right mortgage.
      A Lynn
    • P Brinicombe
      Colin listened to our initial requirements & from then on carried out all of our needs with a very professional & caring manner. We can not recommend him highly enough. Thank you.
      P Brinicombe
    • R Gilmour
      The Service provided was excellent.
      R Gilmour
    • A Philp
      The advice given was accurate and well positioned towards our requirements allow us to make an informed decision on this financial transaction
      A Philp
    • J Downer
      Colin and team once again provided a very personalised, friendly and efficient process, and came up with recommendations which were highly appropriate for my needs.
      J Downer
    • M Relph
      Nothing was ever a problem for Colin, went far and beyond to help us. Great guy highly recommend him.
      M Relph
    • Mr S Philp. Torquay
      Very friendly and efficient; made the whole mortgage process easy.
      Mr S Philp. Torquay
    • David Jarman, Totnes
      Colin arranged a complex mortgage package involving more than one property where specialist knowledge of the market was essential. It came together in time and with minimum fuss. Colin went to great lengths to make the process and options clear to us. We would happily engage him again.
      David Jarman, Totnes
    • Mrs K, Huddersfield
      I approached Riviera Mortgages through a family recommendation. The advice and support I received was excellent throughout. My adviser was helpful, gave clear explanations and dealt with all matters promptly. I would recommend their service to anyone.
      Mrs K, Huddersfield
    • Mr Andrew Wise, Exeter
      Colin Tucker is an invaluable asset to this team. He has always given me expert advice on any matters I required assistance with. I would highly recommend this company to anyone seeking a friendly and helpful service. Colin provides a refreshing and unique approach to great customer service and his help has been very beneficial to me.
      Mr Andrew Wise, Exeter
    •  R A Hart, Paignton
      I have dealt with Colin Tucker of Riviera Mortgages for several years and have always found the service he has provided of a very high standard. The staff have always been friendly and welcoming and I would not hesitate in recommending them to friends and acquaintances in the future as I have done on several occasions in the past.
      R A Hart, Paignton
    • Christine Barnsley, Torquay
      Colin has always put our interests first by giving sound and trustworthy advice. The service and support has always been exceptional. I would not hesitate in recommending him to anyone. He has always put us at ease, has a very good customer manner and makes us very comfortable in his presence. He makes everything very clear to us so we understand. He service is excellent.
      Christine Barnsley, Torquay
    • Mr & Mrs Welfare, Torquay
      We have been using Riviera Mortgages for 7 years, having needed 4 mortgages during this time. Always we have been treated with respect and consideration in a friendly, yet professional, manner. We have always ended up with the right mortgage for us with their help. I have recommended them to several of my family and friends.
      Mr & Mrs Welfare, Torquay
    • Mr & Mrs G Barber, Torquay
      We were recommended to Riviera Mortgages and we were so glad we were. From the first contact we were given exceptional service, all calls were promptly returned and we were treated with courtesy at all times. The advice we received was in our best interests and they found the most appropriate product for us. We would not hesitate to recommend this excellent team.
      Mr & Mrs G Barber, Torquay
    • Mr P and Mrs E Herring, Torquay
      In our dealings with both Steve and Colin we have found their advice to be most helpful. We always feel that they listen to our needs then offer good, sound and trustworthy advice and, by putting our interests above all other considerations, we would not hesitate in recommending Riviera Mortgages to anyone.
      Mr P and Mrs E Herring, Torquay
    • Mr J Anderson, Paignton
      Riviera Mortgages were recommended to me by a friend. My financial situation was immediately understood. All options were clearly and patiently explained; I was put at ease. My concerns were answered in an open and friendly way such that the time was well spent. I accepted a Mortgage Offer thanks to Mr Colin Tucker who gave me exemplary help and I made a new friend in him too. I have already passed recommendations to others. Very pleased indeed!
      Mr J Anderson, Paignton
    • Mrs V, Totnes
      Colin gave us a first class service and very useful and professional advice when advancing on our mortgage. His efficiency was impeccable and we would definitely recommend him to anyone; a truly top class service.
      Mrs V, Totnes
    • Mr P, Newton Abbot
      Colin Tucker is my first port of call if I am seeking advice regarding my mortgage. Whilst he is able to provide sound, reliable advice, he has an excellent manner which enables him to explain complicated documents in plain English. Colin has the ability to provide solutions where other companies fail to do so ~ he comes highly recommended.
      Mr P, Newton Abbot