Any big move requires dedicated planning and careful consideration well beforehand, not least when it comes to First Time Buyer mortgages. From allocating savings to your deposit fund to ensuring that monthly repayments won’t overwhelm your budget, there are many factors to consider when selecting your lender. In short, guidance is utterly vital for this long-term financial decision.
If you’re looking to benefit from the full breadth of the market at ever-more affordable rates, then saving as much as possible for your deposit will increase access to lenders. For that reason, 40% of first time buyers receive financial help from their family members providing them with a gifted deposit. Of course, this may not be an option for you. Luckily, many lenders ask for as little as a 5% deposit, meaning you can still secure a mortgage albeit at a less competitive interest rate. By investing in the guidance of our expert financial advisors, we tailor a First Time Buyer mortgage as a durable solution to your situation. If you’d like to benefit from our personalised solutions, simply contact one of our specialists on 01782 617600 or email firstname.lastname@example.org with your requirements.