As
a first time buyer your main problem will probably be finding
enough money for the Deposit.
You could borrow all the money ie get a 100%
mortgage but ideally you want to avoid this because it will
probably cost you a lot more than necessary.
Be
very wary about signing up to a deal which may trap
you into something you'll find it hard to get out of - whether
you're a first time buyer or an old hand..
Don't
just grab the first mortgage you can.
To
play it very safe consider using an IFA
on a fee paying basis.
Some
mortgage
lenders make special efforts to lure first time buyers in.
So keep an eye out for these special deals.
If
you're buying as a couple, factor in the unthinkable future
parting of the ways.
It
will always help if you can show you've been paying regular rent
for a similar amount to what your intended mortgage payments will
be. So
keep any receipts or other evidence.
Want
to talk
with a mortgage adviser who specialises in helping First Time
Buyers?
We can put you in contact with a professional mortgage adviser
who will find
you your best mortgage. It's free and completely
confidential. Simply fill out the form below
