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First Time Buyers

Introduction

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Buying a property is the biggest financial commitment most of us will ever make, so it is important that you understand the types of mortgage deal available before making a choice. Yourmortgage.co.uk explains them all: fixed rates, variable rate mortgages, tracker deals and more.

Happily, there are plenty of these mortgages on the market aimed squarely at first-time buyers.

If you do manage to squirrel away the 5% of a property’s value, there are now a number of mortgage lenders willing to lend up to 95% loan-to-value (LTV) mortgages. Others offer guarantor homeloans that allow parents or other family members to underwrite your mortgage, or collective arrangements where family finances can be pooled to help you get on the property ladder.

The government also offers assistance in the form of Help to Buy and other schemes.

 

How to

How to spot problems when buying

Buying a house is one of the most important decisions you will ever make – bot...

How to get your mortgage application accepted

Getting a mortgage application accepted is a lot tougher than it used to be, so ...

Help for first-time buyers

 Over half of first-time buyers need a leg up onto the housing ladder from thei...

Insure4you: Help finding the right insurance for homebuyers

Buying your own home can be an exhausting and expensive process, but luckily we ...

How to get government help

If you are a first-time buyer struggling to get onto the property ladder, help c...

How to save money with a flexible mortgage

With a flexible mortgage you can overpay, underpay, take payment holidays and bo...

Guides

Guide for First-Time Buyers

Click here to download our handy free guide for first-time buyers, brought to yo...

Guide for First-Time Buyers

Why not consult our handy Guide for First-Time Buyers, brought to you in associa...

Guide for First-Time Buyers

Download our free, handy guide for first-time buyers,produced in association wit...

Guide to Building Societies

Welcome to the 2014 edition of the Your Mortgage Guide to Building Societies. ...

Guide to Help to Buy

Download our free, handy guide to Help to Buy, produced in association with Alde...

Guide to Finding the Right Mortgage

Our handy guide explains the different mortgage options available and how you to...

News

First-time buyer property prices shot up £11k in the last month

A property drought has led to a surge in house prices, and it's first-time buyer...

Over a quarter of property purchases fall through

Having your offer accepted is by no means a guarantee you will end up with the k...

Nationwide cuts interest rates on fixed mortgages

Those with a smaller deposit will benefit from a reduction in rates

Fixed mortgage fees rocket to two-year high

Watch out for expensive mortgage arrangement fees, which have crept up while int...

Barclays launches 100% mortgage

No deposit? No problem. As long as you have a helper who will use their savings ...

Quarter of all purchases supported by 'Bank of Mum and Dad'

Parents will lend over £5bn to children to help them buy a home, according to n...

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Speak to an adviser

As a first-time buyer, if you would like free, impartial mortgage advice, read on.

Use Stamp Duty savings to pay down debt, urges Barclays

Borrowers should resist the temptation to spend their unexpected Stamp Duty savings on new furniture or clearing post-Christmas card debt and focus on their mortgage, said Barclays’ head of lending Andy Gray.

Interest rates set to stay at 0.5% till November

Interest rates will not rise before the summer, and probably not until November, according to economists.

More from Your Mortgage

How to understand Help to Buy one and two

The Help to Buy scheme was announced by the Government in March 2013. The Help to Buy scheme aims to help a range of different types of buyers, and is made of two components:

How to insure your mortgage payments

Mortgage Payment Protection Insurance (MPPI) covers your mortgage payments in the event of your being unable to work due to an accident, sickness or unemployment, so it is also known as ASU.

How to repair a damaged credit record

If you have a bad credit rating, it makes sense to set about improving it as soon as you can.

Speak to an adviser

Could you benefit from impartial, free advice?

Your Mortgage Guides

Help for homebuyers

Download our handy guide for homebuyers, brought to you in association with Barclays

Read More >

Is your mortgage fully protected with critical illness?

For a free quote or to speak with an insurance expert call 0800 1218744