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First time Buyers Guide Contents

Problem: Affordibility - having enough money

So you still want to buy your own place. But can you afford it?

The main problem faced by you as a first time home buyer is probably finding enough money.

Mortgage lenders often don't want to lend the entire cost of the property.

While 100% mortgages are possible to get, you may have to find the remaining 5% to 25% - i.e. the Deposit - which you'll have to pay before you can move into your new home.

If you're looking to buy alone you may not have a chance of getting something decent - particularly in a large city - if you can only borrow the usual total of three times your salary.

However many mortgage lenders will loan up to 4 times your salary - or even more - if they like you.

They won't admit to this, because they'll be turning some people down. So approach them on your best behavior and present your case well.

(See how much can you borrow and 100% Mortgages)

Checkout some possible affordibility solutions for buying your first home


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Read on about Mortgages for First time Buyers

Process / Flow Chart of What Happens

Intro / What you're getting into

Buying your first home

Be careful out there

Don't just grab the first mortgage you can

Problem: having enough money

100% Mortgages for First Time Buyers

Should I borrow five times my income?

If you have problems paying off your mortgage

Buying as a couple

Already own separate homes?

TIPS for First Time Buyers

Having problems as a First time Buyer? Read some Solutions

UK Government Help, HomeBuy and Key Workers Schemes

 

Read On / Mortgage Guide

Mortgage Basics

Choosing a Mortgage

UK Mortgage Types

UK ReMortgages

How to get Your Mortgage

What is a Mortgage in Principle

Costs and Fees of UK Mortgages

Mortgage Buying TIPS

Calculators

Summary of All UK Mortgage Types

 

Read On

Guide to Home Buying for the UK

UK Mortgage and Home Insurance

UK Life Insurance Guide

Glossary of Mortgage Terms

UK Mortgage News

 


 


 

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