Best Deals For First Time Buyers

First-time buyers are the engine of the housing market and mortgage lenders are very keen to attract first-time buyers. Lenders will often offer incentives including reduced fees, free valuations or even cashback to help them with the property purchase. However buyers invariably pay for these incentives through higher interest rates or a less flexible mortgage.

There is a wide range of mortgages which can suit the needs of first-time buyers, although they are not always promoted as first-time deals.

Incentives such as free valuations are attractive,  however it is important for first-time buyers to ensure that the mortgage's core features are good value. The most important factors to consider are the maximum loan-to-value ratio (the proportion of the property's price the bank will lend), and whether the lender charges a mortgage indemnity guarantee premium (MIG).

Let an expert adviser do all the shopping around for you

It is very important to shop around to get the deal that is right for you. A truly independent adviser is not tied to a single lender or to a restricted panel of mortgage companies. Instead they will scan the entire market to locate the most appropriate and cheapest deals for you.

Simply provide a few details by filling in our no obligation online enquiry form. It costs you nothing to see what your options are.