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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 get government help

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

How to save money with a flexible mortgage

 A truly flexible mortgage allows you to do the following: Overpay ...

How to buy with friends

With house prices having risen substantially over the past 20 years, the plight ...

How to get a mortgage with family help

Most first-time buyers receive financial assistance from their family these days...

How to buy a home: the process

A step-by-step guide to the process you will go through to purchase yo...

How to save a deposit

The average UK property price at the beginning of 2015 is in the region of £160...

Guides

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 the Help to Buy, produced in association with ...

Guide to Finding the Right Mortgage

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

The buying process

A step-by-step guide to the process you will go through to purchase your propert...

BLOG: The MIG picture

Many years ago, high loan-to-value (LTV) lending was supported by the Mortgage I...

News

Scottish Widows Bank cuts rates

Scottish Widows Bank has cut the rates on its professional and flexible mo...

New property portal ‘trying to stifle innovation’

The launch of property portal Onthemarket.com has created “the single ...

Virgin Money cuts mortgage rates

Virgin Money has made further cuts to a number of its residential mortgage...

2014 ‘strongest year’ for mortgage lending since 2008

Gross mortgage lending averaged £205.6bn in 2014 the highest figure seen ...

Metro Bank doubles lending over 2014

 Metro Bank has doubled its lending to business and personal customers ...

Property prices buck January trend rising £4,000

UK property has witnessed ‘unseasonably high’ price hikes of 1.4% this...

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Your Mortgage Guides

Guide to Help to Buy

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

Read More >