First-Time buyer mortgage myths you can stop believing today!
Buying your first home is exciting but it can also feel like a minefield of information, opinions, and outdated advice. At BlueJay Planning, we’re here to clear up the confusion and arm you with the very latest info you’ll need to make an informed decision when the time comes.
Here are some of the most common myths we hear – and the truth behind them.
Myth 1: You need a 20% deposit
❌ Not true. There are mortgage options available with as little as 5% deposit, especially for first-time buyers.
Myth 2: You have to use the broker your builder or estate agent recommends
❌ You have the right to choose your own advisor – and it’s often better to go independent. We access to a large number of lenders, not just one lender, so you get the deal that works for you.
Myth 3: Mortgage brokers are expensive
❌ Not with us. We do not charge for the initial consultation, and we’re upfront about how our fees work from day one.
Myth 4: You should wait until you’ve found a property before getting advice
❌ It’s actually better to speak to us early. We can help you understand what you can borrow and arrange a Mortgage in Principle – so you’re ready when the perfect home comes along.
Myth 5: It’s too complicated to figure out alone
✅ Good news – you don’t have to! That’s what we’re here for. We will match you to a lender that suits your needs perfectly.
If you’re ready to take the first step (or just want to ask a few questions), we’re here to help. No pressure. No jargon. Just real advice from a team that cares. Furthermore, we’re local so we completely understand our market!