First-time buyer mortgage assistance with independent mortgage broker, Deal Direct.
If you are a first-time buyer, consult with mortgage broker, Deal Direct, to secure a top-rated home loan.
It’s widely accepted that property generally represents a good investment as, over a period of time, its value increases. Recent trends point to a steady increase in house prices that may well be beneficial for those who already own property, but poses a challenge for those wishing to step onto the housing ladder for the first time.
As property prices are so high, particularly in London and the south, the amount of deposit required to secure a mortgage at an affordable rate is also increasing. This can make it difficult for would-be-first-timers to raise the required amount at all, forcing them to continue renting.
The situation is recognised as a problem by the industry and lenders are being challenged to come up with viable solutions.
One option being considered is the re-introduction of 100% mortgages. The suggestion is being welcomed by some and criticized by others as a sudden fall in house prices can mean the first-time buyer finds themselves faced with a negative equity situation.
Other options are currently available, which include Help to Buy, shared ownership and family assisted mortgages.
If you are a first-time buyer feeling that a mortgage is out of your reach, don’t despair. Call Deal Direct and speak with one of our friendly advisors who can review your circumstances and outline all the available options.
For assistance with securing a loan for your first home, contact Deal Direct on 0800 048 8828.
