Getting a first time buyer mortgage with family help.
Demand for first time buyer mortgages has increased in reaction to falling mortgage rates.
Many first timers seeing rates set at historic lows, are seeking parental help in funding their mortgage deposit to climb on the first rung of the housing ladder.
With property prices on the rise and mortgage rates set to increase, there is a great deal of urgency for buyers to climb on the property ladder before they are priced out of the market.
As property prices rise so too does the deposit required on that home. Many parents are therefore helping their children to climb on the property ladder as the time to buy is now.
The biggest obstacle for many looking for a first time buyer mortgage is the deposit required. Deposits are key to what rate will be offered, as cheaper funding tickles through to benefit more lower deposit buyers now is the time to search out an affordable mortgage.
As well as parental help the government has also launched various initiatives to get more on the housing ladder. Schemes such as Help to Buy are proving a success.
If you are looking for a first time buyer mortgage the time to act is now.
For advice as to what is available for your deposit level and a competitive quote call Deal Direct.
Contact an adviser today to help you climb on that first step of the property ladder. Call 0800 048 5399 and speak to an impartial first time buyer mortgage expert.
Let Deal Direct help you realise your property owning dream.
