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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
Lender rate war sees 95% LTV deals hit record low
An increase in competition for low deposit borrowers has driven down mortgage ra...
Wannabe homeowners move in with parents to save money
Aspiring first-time buyers make a range of sacrifices to get onto the property l...
Top university towns see £30K house price boost in three years
Property prices have risen by more than the cost of tuition fees across the top ...
Second cash Lifetime ISA to launch…but with limited scope
The government-backed scheme is a tax-efficient way to save a home deposit and t...
Eight top tips for parents gifting money to children
The Bank of Mum and Dad is enormous, but many parents are still confused over th...
Remortgage boost in June as the number of homebuyers fell
Buyers may be cautious but existing borrowers are keen to switch to a better dea...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.Most Read
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In Depth
Jul 28, 2015
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Aug 20, 2015
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Sep 24, 2018
Lender rate war sees 95% LTV deals hit record low
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Save money now!
See how much you could potentially save by remortgaging to a different product
How much can you borrow?
A calculator designed to help you understand how much you can borrow towards your property
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