First Time Buyer Mortgage Advice Oxford
Exclusive First-Time Buyer Mortgages in Oxford
At Drummonds Finance Group, we know buying your first home can feel overwhelming, especially in a competitive market like Oxford.
That’s why we’re here to simplify the process, guide you through every step, and help you secure the right mortgage tailored to your needs.
Speak to a Mortgage Adviser
Find out what mortgage rate are available for you. It take less than 60 seconds.
Client Testimonies
Why First Time Buyers in Oxford Choose Drummonds
✔ Tailored Mortgage Advice
We understand that no two buyers are the same. Our expert mortgage advisors will take the time to understand your unique financial position and match you with a mortgage that suits your needs and budget.
✔ Access to a Wide Panel of Lenders
We compare thousands of mortgage deals from a broad range of UK lenders, giving you access to better rates and more choice than going direct to a bank.
✔ Flexible Appointments, 7 Days a Week
We’re available when it suits you—including evenings and weekends—so you can get expert mortgage advice without disrupting your day.
What You Need to Know as a First Time Buyer in Oxford
💼 What Counts as a First Time Buyer?
A first time buyer is someone who’s never owned a residential property before. First time buyers are often seen as ideal by sellers, as they don’t have a chain, and they also have access to special mortgage products.
💷 How Much Deposit Will I Need?
You’ll typically need at least a 5% deposit, but putting down more (like 10–20%) can unlock better mortgage rates and lower monthly payments.
📄 Why You Need an Agreement in Principle (AIP)
An AIP confirms how much you can borrow, showing sellers that you're a serious buyer. We’ll help you get this sorted early, so you’re in a strong position to make offers.
Oxford Government Support for First Time Buyers
You may be eligible for schemes such as:
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Lifetime ISA: Save for your first home and get a 25% bonus from the government.
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First Homes Scheme: Discounted new-build homes for first time buyers and key workers.
We’ll help you explore every option available to you and apply for schemes you're eligible for.
Our 5-Step First Time Buyer Process
Free Initial Consultation – No commitment, just honest advice.
Get Pre-Approved – We’ll secure your AIP so you’re ready to view properties.
Find Your Dream Home – Start your property search with confidence.
Apply for Your Mortgage – We’ll handle the paperwork and submit your application.
Move In! – We’ll support you right up until the keys are in your hand.
What Our First Time Buyer Clients Say
“Drummonds Finance Group made buying my first home in Oxford feel easy. Super helpful and always available to talk me through things!”
– Ellie R., Oxford
“I wouldn’t have been able to get through the mortgage process without the Drummonds team. Can’t recommend them enough!”
– Marcus T., Cowley
First Time Buyer Mortgage Broker: Our Services
Comprehensive Mortgage Advice For First Time Buyers. What we offer.
First-Time Buyers
We provide personalised guidance, ensuring you understand every aspect of the mortgage process and make informed decisions.
Moving Home Mortgage
Relocating can be complex, but with our comprehensive support, you can focus on finding your new home while we handle the financial details.
Remortgaging
looking to reduce your monthly payments, switch to a better interest rate, or release equity for other investments?
Buy To Let Mortgage
For landlords and property investors, navigating the buy-to-let mortgage market requires understanding ever-evolving regulations and financial products.
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Why choose a local mortgage broker in Oxford?As a local broker, we have in-depth knowledge of Oxford's property market, enabling us to provide personalized advice and access to exclusive deals not available through national lenders
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How quickly can I get a mortgage approval?We can typically secure an Agreement in Principle within 1–48 hours, depending on your circumstances.
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Can I get a mortgage with a low deposit?Yes, we work with lenders offering 5% deposit mortgages and can advise on schemes like Shared Ownership to help you get on the property ladder
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Do you offer services for self-employed individuals?Absolutely. We specialize in securing mortgages for self-employed clients, even with just 1–2 years of accounts.
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What documents are required to apply for a mortgage?Proof of ID (passport or driving license) Recent payslips (last 3 months) Bank statements Proof of deposit For self-employed: 2–3 years of tax overviews and SA302s
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What additional costs should I budget for?Legal fees Valuation/survey fees Mortgage arrangement fees Stamp Duty (if applicable) Moving costs Home setup expenses
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How long does it take to complete a mortgage in Oxford?On average, a mortgage can take 2 weeks to complete from application to offer, depending on the complexity of the case. At Drummonds Finance Group, we often secure a mortgage offers faster than 2 weeks for straightforward applications with all documents ready. Factors that can speed up the process include: Fast responses from the client Clear credit history Prompt valuations and solicitor work We work closely with lenders, valuers, and solicitors to keep things moving and minimise delays wherever possible.
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Is Oxford a good place to buy property?Yes, Oxford is widely regarded as one of the best places to invest in property in the UK. It boasts a strong local economy, world-class educational institutions, a vibrant cultural scene, and excellent transport links. The demand for housing in Oxford remains high due to its university population, medical and research centres, and proximity to London. Whether you're a first-time buyer, a home mover, or a buy-to-let investor, Oxford offers long-term value and strong rental potential.
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Will house prices go up in Oxford?While no one can predict the market with complete certainty, Oxford’s housing market has shown consistent long-term growth. Limited housing supply, a high volume of renters, and ongoing demand from students, professionals, and commuters support future price resilience. Economic forecasts and local development plans indicate that prices in Oxford are likely to continue rising over time, especially in well-connected and sought-after areas.
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What is the average house price in Oxford?As of 2025, the average house price in Oxford is approximately £525,000, though this varies widely depending on the area and property type. Flats typically range from £275,000 to £400,000 Terraced homes average around £500,000 Detached houses often exceed £800,000 Premium areas like Jericho, Summertown, and Headington command even higher prices.
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What should I look out for when buying a house in Oxford?Proximity to transport links – access to Oxford Parkway or mainline rail for London commuters can affect value. School catchment areas – top-rated schools like Cherwell School and Oxford High can increase demand. Leasehold vs. Freehold – many central Oxford flats are leasehold, so always check the remaining term and service charges. Flood zones – some areas near the River Thames or Cherwell may carry flood risks. Planning and development – check the Local Plan to see if any major changes or developments could affect the area.