First Time Buyers
Getting a mortgage has become more difficult for first-time buyers in recent years, thanks to rising house prices. Even now, with residential property values set to stabilise or even fall in some areas, first-time buyers are instead faced with more difficulties when trying to secure a mortgage.
Perhaps you haven't managed to save a decent deposit yet, or maybe you're worried you might not be able to afford a mortgage on your income alone. Even if this is the case, there are options open to you. This includes sharing a mortgage, guarantor mortgages and even government schemes for key workers or first-time buyers facing affordability issues.
Getting Your First Mortgage
It is worth thinking carefully before you commit to a property or a mortgage - is now the right time to buy for you? Would it be more sensible to wait and save for a little longer? But if you're eager to press on, our website could be a useful starting point. Along with important information on mortgages and property, we also provide a range of mortgage calculators that can help you work out the monthly repayments on any deal you are considering.