HOW DO THESE LOANS WORK?
FIRST TIME BUYER MORTGAGE ADVICE
Getting a mortgage for the first time onto the property ladder is an exciting time – but with so much to think about, it can be a little confusing and daunting. The type of deal should you go for and how much can you borrow?
These are not just the only issues first time buyers have to worry about. We believe everyone has the right to free mortgage advice, and because property prices are rising in many areas of the country, some first time buyer loan brokers only manage to save a small amount of their deposit to put down, which can limit your options.
Do I Pay STAMP DUTY?
In November 2017, the British Government made a surprise announcement of a permanent exemption from stamp duty land tax on the first £300,000 of the purchase price for first‑time buyers in England. This was followed by proposed to property purchase.
More FIRST TIME BUYERS
A mortgage is most likely to be your biggest monthly outgoing, so it is very important to get it right first time buyer benefits.
Come and see for yourself, and join the thousands of happy first time buyer mortgage United Kingdom we help every single year.
When taking out a First Time Buyer mortgage, basically you are borrowing an amount from best mortgage lenders for first time buyers to pay for your property purchase. Just like any other type of loan, you make monthly repayments to pay off the capital you’ve borrowed as well as the interest charged. Some are interest-only rather than repayment mortgages, whereby you only pay interest back each month, and you don’t repay the capital lump sum borrowed until the end of the term.
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