What First-Time Buyers Need to Know About Mortgages | First-Time Buyer Advice (UK)

Are you a first-time buyer and in need of advice about mortgages?

Here, Cat King shares Phil Spencer’s top property advice and what you need to know about mortgages as a first-time buyer.

When buying a home, the financial part of investing in a property is often the most daunting aspect, especially for first-time buyers.

We’ve created a helpful guide on how mortgages work, where to look and how to take that first step to secure your first-time buyer mortgage on your journey to buying your first home.

WANT PROFESSIONAL MORTGAGE ADVICE?
Need help to understand your various mortgage options as a first-time buyer?
We can put you in touch with our professional mortgage advisors for free, independent advice, right here:

MORTGAGE GUIDE FOR FIRST-TIME BUYERS
Watch the video in full to hear our guide to first-time buyer mortgages:
- What lenders look for – be prepared to reveal your finances in detail
- The two main types of mortgages available in the UK – repayment and interest-only mortgages
- Seven different types of interest rates: variable rate mortgages; fixed-rate mortgages; tracker mortgages; capped rate mortgages; discounted rate mortgages; cashback mortgages; off-set mortgages
- How to improve your chances of getting a favourable interest rate on your mortgages
- How your family or friends could help you secure a deposit by guaranteeing a loan without handing over any money
- How the government’s Help to Buy schemes can help you buy your first home

DID YOU FIND THIS USEFUL?
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