| First Time Buyer
If you are buying a property
for the first time it can be a daunting prospect.
You may have little idea of the process,
or how to obtain a mortgage. What sort of mortgage to look
for, or what other costs are involved.
Our aim is to make it as simple and
easy as possible for you to find the right mortgage for your
needs.
We'll help you take your first step onto the property ladder,
providing you with the best advice and help possible.
As a first time buyer, it is important
to ensure that you receive the best advice on finding and
securing the most competitive mortgage deal available to you.
Your mortgage will probably be the most important financial
decision you ever make. The wrong decision could cost you
thousands of pounds over the life of your loan
There are a number of advantages and
disadvantages of being a first time buyer.
On the up side, many lenders have schemes specially aimed
at the first time buyer market with special offers such as
free valuation, legal fees paid or even cashbacks.
But on the down side, since you have never had a mortgage
before, it is more difficult for you to prove that you will
be a 'good borrower'.
Also because house prices have risen
quite a lot in the recent past, many first time buyers need
to borrow quite large sums with little or no deposit, but
there are lenders who provide 100% loans still at competitive
rates, they may also add some of the fees such as solicitors
and survey costs, although early repayment charges may apply
with these schemes. Also, lenders are starting to recognise
the problem of increased house prices, and are trying to develop
new approaches to how much they will lend. Some will look
at affordability rather than income multiples, while others
will stretch their income multiples if you are fixing your
payments, or if they can see that your income is likely to
increase significantly over the next few years. Just complete
an enquiry form to see if you would be eligible.
A very important point to consider is
that you can still afford the monthly payment within your
own budget.
We have helped many first time buyers
find the best financial product to suit them. Our expert mortgage
advisors are on hand to answer any questions or queries you
may have.
So why don't you leave you details and we'll get someone to
call you back.
Your home may be repossessed
if you do not keep up repayments on your mortgage.
Details
of our fees can be found here.
The FSA does not regulate Commercial
Mortgages or some forms of Buy to Let Mortgages. |
