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.

 

movinghouse

Cost of moving home up by 6% in a year

UK homeowners collectively spent £6.6bn on moving house in 2013, up from £5.2bn the previous year, a study has found.

birmingham-victoriasquare

West Midlands leads surge in high value properties

Signs of a housing boom emerging outside London and the South East have continued with a growth in high value properties across the rest of the UK.

The Bank of England

Mortgage approvals drop in February

Mortgage approvals fell in February for the first time in 13 months dropping from 76,800 in January to just over 70,000, figures from the Bank of England lending trends has shown.

jenga-house

Confidence high but mortgage lending trends down in Q1

March lending nudged up 4% in February, but Council of Mortgage Lenders figures out today suggest Q1 this year is 10% down on the last three months of 2013.

brian-murphy-mab

Buyer deposits drop to lowest this year

Better access to high loan to value (LTV) mortgages is helping keep deposits down despite rising house prices, according to a survey.

Co-op shopping basket full of items

Inflation falls to four-year low in March

The rate of price growth in the UK fell to 1.6% in March, from 1.7% in February, according to the Office for National Statistics (ONS).

office-worker-on-phone

Starting salaries for graduate jobs 'fall 11% over five years'

Starting salaries for graduate jobs have fallen over the past five years, according to new research.

arrow

Vast majority rent as cost of homeownership too high

Almost 80% of consumers rent because barriers to saving and the eventual cost of the mortgage are just too high, according to research.

new-build

New homes 'desperately needed' to stem rising prices

The UK desperately needs to build new homes to stem the surge in house prices, an industry body has warned.

for-sale-sign

Valuers must shield buyers and lenders from risk of housing crash

Chartered surveyors must protect homebuyers and lenders from the mounting risk of a repeated housing market crash, a leading surveyor has warned.

empty house

Empty homes in England reach 10-year low

The number of empty properties in England has fallen to a 10-year low, according to government figures.

piggy-banks

8% of 11-16 year-olds setting money aside for mortgage

A staggering 94% of today's 11-16 year olds are setting money aside for the future, with 8% already saving for a mortgage deposit, according to research.

The Bank of England

Lender appetite for risk sees increase in high LTV lending - BoE

Lenders increased appetite for risk and improvements in the economy have caused the availability of secured credit to increase for the seventh consecutive quarter.

Mark Carney

Rates could rise before general election - Carney

Mark Carney said UK interest rates could rise before the general election in May 2015 if there are continued sustainable improvements in the economy.

rbs

RBS to axe 44 UK branches

The Royal Bank of Scotland (RBS) is to close 44 branches across the UK amid warnings the move will harm vulnerable customers and local communities.

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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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Your Mortgage guides

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Guide to Help to Buy

Download our free, handy guide to the Help to Buy, produced in association with Aldermore Mortgages.

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Guide for First-Time Buyers

Download our free,handy guide for first-time buyers,produced in association with the Post Office.

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