100 Mortgages for First Time Buyers

publication date: Sep 27, 2010
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author/source: Kate Faulkner, Property Expert and Author of Which? Property Books
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100 Mortgages for First Time Buyers


Pre credit crunch, there were lots of mortgages for first time buyers, and many offering great deals. Unfortunately even though we are three years on from the crunch, many lenders are still struggling with their own finances and aren’t convinced that house prices will increase, so it would be amazing if you could find 100 mortgages for first time buyers!

What you do need to know about first time buyer mortgages is that you’ll have to put in a lot of time and effort to secure the one that’s right for you. You can’t just rely on internet search engines as all they will do is give you a list of mortgages available, they may or may not be right for your circumstances. You might not realise it now, but once you have been paying a mortgage for many years, getting the right one can save you tens of thousands of pounds!

To find the best first time buyer mortgages for your circumstances you need to work hard to ‘look for’ the best mortgage deals and to do this, searching via the internet is a good way to research 100 mortgages for first time buyers but not a good way to decide which one you want.

What you need to do is to:-

  • Talk to the bank or building society that you have banked with for some years and ask them what deals they have available for first time buyers.
  • Approach banks and building societies that only sell their mortgages directly to the public.
  • Check local building societies on the high street as many of them were never caught by the credit crunch.
  • Talk to a broker such as www.corecogroup.co.uk who can help you ‘search the market’ for the right mortgage.
  • Chat to a local independent financial advisor that can check out all of your financial commitments and help you plan your finances as well as guide you through the financial process when buying a home.

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