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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
More than 800 government-backed 95 per cent mortgages completed in Q2
The scheme boosted supply of mortgages for borrowers with just a five per cent d...
Top tips to save a deposit for your first home
Over half of recent first-time buyers needed to raise a larger deposit than they...
First applicants accepted for First Homes Scheme and target of 1,500 homes revealed
Under the scheme first-time buyers can get a 30% discount from a new home in the...
First-time buyers still facing significant deposit barrier
It's getting tougher for aspiring homebuyers as house prices rise faster than wa...
First-time buyers take nine years to save home deposit
First-time buyers face a longer wait for homeownership than expected unless they...
Don’t fall foul of these hidden costs of homebuying
You might think you know the main costs of buying a home, but hidden extras can ...Most Read
November 25, 2021
First-time buyers still facing significant deposit barrier
November 22, 2021
Revealed: Property costs per square foot in UK cities
November 17, 2021
Official: Average house prices up £28K in year to September
November 19, 2021
First-time buyers take nine years to save home deposit
November 25, 2021
Double-digit drop in new housing supply over last year
November 26, 2021
Help to Build scheme open to applications this winter
November 12, 2021
Possession actions remain low, but for how long?
In Depth
Jul 28, 2015
Mortgage market biased against homeowners
Aug 20, 2015
House hunters turn to new builds
Aug 19, 2015
Foreign investors look beyond London
Jul 20, 2015
Outdoor space can boost prices by 20%
Nov 29, 2021
Top tips to save a deposit for your first home
First-time buyers still facing significant deposit barrier
It's getting tougher for aspiring homebuyers as house prices rise faster than wagesSix bank statement mistakes that can ruin a mortgage application
Being overdrawn and having a history of payday loans can be red flags to lenders when they...
Get your head around mortgage fees
The mortgage fees associated with taking out and paying off a mortgage have tripled in the...
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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