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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 do 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 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.

 

Row of houses and parked cars

Residential property transactions fall 5% in April

The number of residential properties bought and sold in April decreased by 5% on the previous month, according to HM Revenue and Customs.

Arrow Chart

Nationwide mortgage lending up 17% to £21.5bn - results

The UK's biggest mutual Nationwide drove residential mortgage lending up 17% in the financial year to 2013, making it the most aggressive mortgage lender in growth terms this year.

irish flag

Irish mortgage lending collapses

Mortgage lending in Ireland fell by almost 70% in Q1 2013 following the withdrawal of government tax reliefs.

welsh-flag

Welsh house prices lose £1,735 in 12 months

Average property prices in Wales have fallen back to 2010 levels, according to the LSL House Price Index.

first-time buyer mortgage

NatWest launches 1.74% fixed rate

NatWest Intermediary Solutions is to offer a two-year fixed rate product at 1.74% exclusively through Legal & General advisers.

London-underground

London asking prices up £10,000+ in Q1

The average asking price for homes in Greater London has risen by over £10,000 to £368,357 in just three months, data has revealed.

Map of Scotland

Bleak outlook for Scottish house market

House prices in Scotland have fallen in the last year and risk being left behind the rest of the UK.

house767

Majority of borrowers now using advisers

More than half of all borrowers chose to arrange their mortgage via an adviser in the first quarter of this year.

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Demand for homes hits three-year peak

The Government’s Help to Buy scheme has helped push the number of househunters to a three year high

Remortgage

Melton Mowbray BS loosens criteria at 95% LTV

Melton Mowbray Building Society has loosened criteria on its 95% LTV product in order to offer the product to a wider range of borrowers.

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Santander launches fee-free FTB mortgages

Santander has launched a range of high loan-to-value fee-free products aimed at first-time buyers.

houseprice

House prices boosted by ‘significantly improved’ mortgage market

House prices have risen by an average of £6,726 in the past year thanks to a ‘significantly improved’ mortgage market.

Front of the Bank of England in London

Bank Rate stays at 0.5% for 50th month

The Bank of England’s Monetary Policy Committee (MPC) has voted to maintain the official Bank Rate at 0.5% for another month.

first-time buyer mortgage

NatWest launches new 90% LTV deals

NatWest Intermediary Solutions has launched a number of new mortgage products at 90% LTV and has also reduced its two-year fix to 1.95%.

HSBC

HSBC lends £2.8bn of mortgages in Q1

HSBC advanced £2.8bn in new gross mortgage lending in the first quarter of 2013 as profits doubled, according to the global bank’s interim results.

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