First-time buyers

First-time buyer mortgages have been hard to secure recently, as anyone looking to get on the property ladder will know.

But there are first-time buyer mortgages on the market aimed squarely at you, so don’t despair. Mortgage lenders usually require bigger deposits from first-time buyers than they did in the past, but many have specific solutions which allow families to help out.

The Government also offers assistance in the form of first-time buyer schemes such as Help to Buy, Firstbuy and NewBuy.

yourmortgage.co.uk explains the details of first-time buyer mortgages, as well the latest relevant mortgage news.

Use our mortgage calculators to work out how much you can afford to borrow and how much you can expect to pay to a lender for your mortgage.

And if you are feeling bewelidered or need a helping hand, just click here and an independent, fee-free mortgage adviser will contact you to discuss your needs.

 

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Mortgage borrowers waiting three weeks for bank branch advice - L&G

Borrowers are finding it harder to get in front of a qualified financial adviser, said L&G due to the limited banking hours available to consumers.

Harvest House New Forest Lymington

UK house price growth remains sluggish

The Royal Institute of Chartered Surveyors (RICS) survey showed that UK house price growth in October had slowed for the fourth consecutive month.

The Bank of England

Bank Base Rate to stay at 0.5%

The Bank of England is expected to keep interest rates at their current low until at least next Autumn.

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Cost of borrowing for first-time buyers at record high

The cost of borrowing for customers with smaller deposits has reached a record high, findings from a report released by Genworth have revealed.

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CML takes temperature of UK mortgage market

In Q3 the number of loans made to first-time buyers, home-movers, remortgagers and buy-to-let investors all increased on those made in Q2, according to the Council of Mortgage Lenders (CML).

paula-john

Free advice on Radio 4 Moneybox Live today

Your Mortgage editor Paula John joins a panel of advisers on BBC Radio 4 Moneybox Live at 3pm today to answer your questions about mortgages.

Barclays

Barclays to reduce mortgage rates at 90% LTV

Barclays will cut mortgage interest rates for first-time buyers and those with smaller deposits on its fixed rate, 90% Loan to Value mortgage range.

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Property prices stabilise following London slowdown

The UK property market stabilised in the third quarter as average asking prices in Britain rose by just 0.85%.

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VouchedFor hits review milestone

Having launched in 2011, the number of customer reviews of mortgage advisers and IFAs on VouchedFor.co.uk has reached 15,000, across just over 3,000 advisers.

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Labour talking to banks over Help to Build

The Labour Party has held talks with five of the high-street banks on proposals to increase house-building with the help of government loan guarantees for builders.

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First-time buyer sales climb 11% despite wider market slowdown

The number of first-time buyer UK house completions increased year-on-year in September, defying trends of a slowdown in the market.

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Shared equity and ownership key to improved housing supply

Mortgage providers need to improve their support for the affordable housing sector and offer more shared ownership and shared equity products to combat the UK’s chronic shortage of housing.

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House prices rising faster in South East than London

New sellers' price expectations are up 2.6% in October compared to September, according to the latest Rightmove house price index.

The Bank of England

Bank of England wants interest rates lower for longer

Interest rates should remain low to avoid long-term economic stagnation, the chief economist at the Bank of England has said.

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UK average house worth just over £200,000

The average price of a property in the UK has stabilised at £203,135, according to the latest Haart Housing Market Monitor.

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If you have a question about mortgages or homebuying, why not ask Editor in Chief Paula John?

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