First Time Buyers
Introduction
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 find the ideal first-time buyer mortgage
If you are buying your first property, follow these commonsense rules for a succ...
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...
How to get your mortgage application accepted
Getting a mortgage application accepted is a lot tougher than it used to be, so ...
Insure4you: Help finding the right insurance for homebuyers
Buying your own home can be an exhausting and expensive process, but luckily we ...
How to spot problems when buying
Buying a house is one of the most important decisions you will ever make – bot...Guides
Guide to interest-only mortgages vs repayment mortgages
Before you go looking for a mortgage or remortgage deal, you need to decide how ...
Guide to flexible mortgages
A truly flexible mortgage allows you to do the following:
Guide to fixed-rate mortgages
Fixed-rate mortgages are fairly popular in the UK. As the name suggests, they al...
Guide to mortgage basics
Taking out a mortgage is probably the biggest financial undertaking you will eve...
The buying process
A step-by-step guide to purchasing property.
Guide to discount mortgages
We all love a good discount - there is a certain satisfaction to be had from kno...News
Rates fall on 5% deposit mortgages, as competition hots up
A rise in product numbers has pushed prices down for those who want to borrow 95...
One in three parents helps their children to buy a home
Many Brits are sacrificing their own quality of life to help their offspring tak...
Which areas are most popular with first-time buyers?
We reveal the top 10 property hotspots for those looking to get onto the housing...
Stamp Duty receipts hold steady, as first-time buyers claim £1bn in tax relief
Those buying their first property are exempt from Stamp Duty on properties up to...
HSBC cuts mortgage rates
The bank has reduced the cost of deals for those with a small deposit
Five top tips for viewing potential properties
Don't fall for the myth that you'll just know when you've found your next home. ...Most Read
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In Depth
Mortgage market biased against homeowners
House hunters turn to new builds
Foreign investors look beyond London
Outdoor space can boost prices by 20%
Which areas are most popular with first-time buyers?
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Guide to borrowing past retirement age
As an older borrower, you may be concerned that a lender will not offer you a mortgage pas...
Mortgage market biased against homeowners
Buy-to-let property investors are unfairly favoured in the mortgage market, an independent...
Should buy-to-let investors ‘go Dutch’?
The Netherlands is revealed as Europe’s top buy-to-let property hotspot
Private sector tenants in poverty double in decade
The number of private rented sector tenants in poverty has doubled in the last decade from...
Large mortgage broker firm launches with fees of over 1%
An insurance firm has launched a mortgage advice service
Second steppers targeting detached properties
Those living in their first home are increasingly looking to reduce the steps to their lon...
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