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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 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

Beware these extra costs of moving

Buyers need to budget for ALL the costs of moving home, and they aren't always o...

Virgin Money extends shared ownership criteria

The lender has increased its maximum borrowing to 95% of the property's value

First-time buyer deposits increase 17 per cent in last year

Despite rising house prices, first-timers are managing to put down significant d...

First-time buyers adjust buying plans over Brexit

Uncertainty over the UK's withdrawal from the European Union is starting to impa...

Rise in ‘security deposit’ mortgages where the Bank of Mum and Dad can earn interest

Not only are the mortgage rates competitive for first-time buyers, but their par...

The towns and cities where buyer interest has rocketed

Some parts of the UK have seen a sudden surge in buyer interest, but where are t...

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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...

Mortgage Calculators