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  First time buyer mortgages  

As a first time buyer, it is important to ensure that you receive the best advice on finding and securing the most competitive mortgage deal available to you. Your mortgage will probably be the most important financial decision you ever make. The wrong decision could cost you thousands of pounds over the life of your loan.

There are currently around 2,000 different first time buyer mortgage deals available, provided by over 40 UK lenders. It is of great importance to obtain independent advice from a fully qualified independent mortgage advisor, who works for you and not the lender.

  How much can I borrow?  

Property is still a gamble, even though most people make money on their home. This is why it can be dangerous to borrow too much. No matter how attractive owning rather than renting a property is, buyers should beware of becoming financially overstretched.

Some lenders will offer up to five times the applicant's salary and some 100% of the property's value. However, the Financial Services Authority recommends that single people should borrow up to a total of three times salary and two and a half times salary for couples. Use our mortgage calculator to find out how much you are able to borrow and to get a likely cost of your new mortgage.

  What deposit will I need?  

Britain is a nation that has become fixated with house prices and it's unsurprising that young people are so keen to get started on the housing ladder.

However, thanks largely to the rising house prices that make home ownership so appealing, many first time buyers simply can't afford to get together a deposit of a sufficient size to meet the loan to value requirements on most mortgages.

If you are one such borrower then don't worry because help is at hand. 100% mortgages can usually be offered with many types of mortgage rate options - fixed, capped or discounted rates for example. 100% mortgages can provide a helpful stepping stone to get you started on the property ladder, especially as lenders have some of their lowest rates around for many years.

  Get your free mortgage quote!  

Our experienced and qualified advisors have access to every UK mortgage lender and are able to choose from over 8500 products. We will only approach the lenders who can offer you the best deal, saving you time and money.

To get your quote, you just need to enter some basic information into our online mortgage quote form.

Remember, there is no obligation. An advisor will contact you as soon as possible.

Or if you prefer, you can call a fully trained mortgage advisor on 0161 - 343 - 8434. It takes a few minutes of your time but could save you thousands of pounds in interest payments and will eliminate any worries you may have about getting the best deal possible.

 Request a callback