Getting a mortgage

In the previous section you went through all the costs associated with the purchase and ongoing running costs of owning a home to establish how much you could afford.

Now is the time to seek professional advice from a mortgage adviser to start the application process. Make an appointment with our partners, Embrace Financial Services to get advice on the most suitable mortgage and insurance products for you.

Read the guide to mortgage rates which outlines the different types of mortgage products.

Allow two to three hours for the mortgage appointment. The adviser will first establish your ability to afford the monthly mortgage payments.

From time to time Embrace Financial Services have access to exclusive deals.† Usually the advisers will then help you to obtain a 'Decision in Principle' from a suitable lender, which will give you the confidence to start looking for a property.

Mortgage Guarantee Scheme and Help to Buy

Also worth considering when getting a mortgage is looking at current government schemes to support buying a property.

The Help to Buy scheme is a government backed mortgage scheme designed to help buyers purchase a new build home with as little as a 5% deposit. The government lends you up to 20% of the property value and up to 40% if buying within Greater London. There are also similar schemes for Scotland and Wales.

The mortgage guarantee scheme is another government scheme available from April 2021 and aims to help buyers (new and existing) to buy a property with a deposit of just 5% of the property value, provided they secure the remaining 95% through a mortgage loan. The loan has to be gained from a lender that is participating in the scheme and who will be incentivised by the government to take part.

† Exclusive deals are made available to Embrace Financial Services by PRIMIS Mortgage Network, to which Embrace Financial Services are an Appointed Representative.


Embrace Financial Services usually charges a fee for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity.