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First Time Buyer Mortgages Free Help and Advice
For anyone looking to get their foot on the first rung of the property ladder, right now is both a good and a bad time. A good time because the range of properties on the market has rarely been so plentiful in recent years. A bad time because many lenders offering First Time Buyer Mortgages are looking for a greater commitment from its borrowers in terms of a larger deposit than has been required until recently.
Traditionally, First Time Buyer Mortgages were only available to those with at least a 10% deposit towards their proposed purchase. While 100% First Time Buyer Mortgages have been plentiful in recent years, recent months have seen a return to more cautious lending. So how does the first time buyer get that first tentative foot on the property ladder and get that First Time Buyer Mortgage today? |
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Why First Time Buyer Mortgages?
Many lenders offer exclusive deals to those seeking a First Time Buyer Mortgage. The deals currently on offer to first time buyers include free conveyancing, a refund of valuation fees and cash back deals.
First Time Buyer Mortgages Advice
The best advice for anyone seeking a First Time Buyer Mortgage is to seek professional help from a professional mortgage broker or advisor. They will have experience in dealing with mortgage products tailored towards first time buyers, and be able to guide you towards lenders who offer more flexible products than the standard mortgage.
In Summary
In summary, First Time Buyer Mortgages are still available, but not necessarily at such beneficial rates as they have been in recent times. But the greater the deposit provided by a first time buyer, the more flexible lenders are likely to be and the greater the number of potential lenders there will be completing for that business.
