First time buyer mortgage advice – how to get the right deal.

Since the launch of the Government's Help to Buy initiative, first time buyer mortgage choice has greatly improved.

For the first time since the credit crisis began in 2008, first time buyer rates are competitive and mortgages affordable. If you are hoping to climb on the property ladder over the next couple of months, what are your mortgage options?

Increased choice can make looking for a deal overwhelming. Working out which deal would actually be best overall can be complex, and therefore you are advised to do as much research as you can.

The key to getting the best mortgage is making sure you have the best information and access to lender's cheapest rates for your deposit level. However with so many lenders offering first time products, checking out every lender's range to find the best deal is a time consuming business.

To find the best deal you should consider using an independent broker offering impartial advice.

As an independent 'whole of market' expert, Deal Direct will review your personal circumstances before searching for the right mortgage at the right rate.

All factors will be considered when working out the actual cost of the mortgage. Costs such as mortgage fees can have a real impact on the overall affordability of any mortgage, and if you forget to factor these in you could end up overpaying for your home.

When looking for a mortgage you need to think about how much you can afford to put down as a deposit. It is still the case that the higher your deposit the lower the rate you will be offered.

However they are various schemes that you can consider such as Help to Buy where the Government add to your 5% deposit with a 20% equity loan. Help to Buy mortgage rates are offered on new build property, and lenders such as Santander are offering some competitive products.

Whatever your deposit level there are various things you need to do to get the best first time buyer mortgage you can.

First time buyer mortgage check list.

• Check your credit rating.
• Work out your deposit.
• Review any initiatives to see if there is one that could help you buy.
• Consider all lender fees and incentives when comparing deals.
• Seek independent advice and a 'whole of market' search.

Contact expert independent broker Deal Direct to find you a great deal.

We can help you look beyond the headline rate and help you work out the true overall cost of any mortgage. In addition, a call to Deal Direct will get you access to exclusive lender mortgage deals not available on line.

Call Deal Direct on 0800 048 8828,

for a mortgage that is perfectly suited to your needs.