Lenders best mortgages are needed to cushion the stamp duty concession loss.

The ability to secure lenders best mortgages could be the only hope for first time buyers wishing to own a home.

The stamp duty concession is well and truly over and its demise has brought to an end many first time buyers dreams of getting out of rental accommodation.

Or at least that is what many first time buyers are currently thinking.

We at Deal Direct do not believe this has to be the case. Much has been reported of property prices remaining stagnant, and while this may not help those of you trying to sell, it certainly helps those of you planning a first purchase.

Added to this is news of various Government back initiatives such as the Mortgage Indemnity Guarantee NewBuy scheme where mortgage providers will offer 5 per cent deposit deals providing you buy a new build property.

Lenders are releasing more of their best mortgages for first time buyers in an attempt to attract new business. The Woolwich for instance offer a cash-back product for those needing assistance with their stamp duty payment.

The Woolwich deal is extended to those first time buyers who have a FlexAccount with the lender. A one off £1,000 payment will be made to those approved for a fixed rate deal from the Woolwich Flexclusive cash-back range.

The lender advises that to be eligible first time buyers have to apply for a mortgage in excess of £100,000 and the purchase must be completed within 6 months of the offer being made.

Deal Direct can help find first time buyers the best mortgages on offer from UK lenders. We take the guess work out of deciding which is the best deal.

Contact us today and we can help make your home buying dreams come true.