Best Quote Mortgages

 


First Time Buyer Mortgages

 

Buying your first home can be an exciting but also stressful and time consuming process. According to the Council of Mortgage Lenders, the average age of a first time buyer is 29 and the average mortgage size is £112,000. This is a significant loan to acquire in today’s un-predictable market however, with most first time buyers, the need to get on the property ladder outweighs any risk.


As a first time buyer, there is no doubt you'll have a plethora of questions about buying and financing your first home. First and foremost, how can you find the best deals? Should you go with a fixed rate mortgage, a capped mortgage, or an interest only mortgage? Who should you go to for your first mortgage, a bank or a specialist mortgage broker?


Be realistic about how much you can spend keeping in mind rising house prices and interest rates.First Time Buyer Mortgage It is important that you consider all your options when buying your first home. For example a new build can frequently be a safer and easier choice. Buying a second-hand property can result in unexpected renovations and costs.


When buying your first home, affordability is your most important consideration. Therefore it is wise to research the market to compare all mortgage deals available to first time buyers.

 

Complete our short form for free quotes.