You are here: Home - First Time Buyers

First Time Buyers

Introduction

shutterstock_136236332

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

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, a coun...

How to save money with a flexible mortgage

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

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...

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 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...

The buying process

A step-by-step guide to purchasing property.

BLOG: The MIG picture

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

News

Northern Ireland is haven for first-time buyers

First-time buyers  in Northern Ireland are able to make the jump onto the prope...

Drop in number of first-time buyers

Almost half of all houses sold so far in 2015 were to first-time buyers, but the...

Better schools key to women’s property choices

Women prioritise the proximity to good schools above all else when deciding wher...

Halifax slashes first-time buyer rates

Those looking to make their first step onto the property ladder can now access l...

Ex-policeman jailed for valuation fraud

A conman whose mortgage scam defrauded people all over the country out of thousa...

Annual house prices fail to outstrip pre-crisis levels

Annual house prices are still yet to surpass those seen prior to the recession a...

You may also like

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

Guide to Self-Employed Mortgages

Download/watch our Guide/Video on Self-Employed Mortgages produced in association with Precise Mortgages

Read More >

Is your mortgage fully protected with critical illness?

For a free quote or to speak with an insurance expert call 0800 1218744
  • UK passes rental freedom day http://t.co/xfP8dUXDdz
  • Are you ever ‘too old’ for buy-to-let?
  • Estate agents say GE will hit property market