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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

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...

The buying process

A step-by-step guide to purchasing property.

News

Accord Mortgages offers £500 incentive to first-time buyers

Accord Mortgages is offering first-time buyers taking out fixed-rate mortgages w...

Yorkshire Building Society offers £500 cashback to first-time buyers

The mutual is giving those buying their first property a cash injection to help ...

No let-up in demand for rented homes

Demand for rented homes will soar over the next five years despite government me...

House purchase approvals rise 18% year-on-year

Mortgage approvals for house purchases rose by 18% year-on-year in December to r...

Annual house price growth rises by 4.4% – Nationwide

House price growth rose 0.3% in January, which means the annual growth figure re...

Millions to move 20+ miles to get on property ladder

More than 12 million first-time buyers will need to move an average of 23.3 mile...

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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

Guide for First-Time Buyers

Download our handy Guide for First-Time Buyers, brought to you in association with Post Office Money.

Read More >

Is your mortgage fully protected with critical illness?

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