First time buyer mortgage availability – contact Deal Direct.
Sourcing an affordable first time buyer mortgage is the first step to climbing on the UK housing ladder.
Deal Direct are an impartial 'whole of market' broker who can help you to source the right mortgage to fit your personal financial circumstances.
Much has been made of lenders restricting low deposit deals and tightening lending criteria, therefore first time buyers currently need all the help they can get to achieve a mortgage offer.
Mortgage funding costs are increasing which is pushing up mortgage rates and exposure to eurozone problems means UK lenders are now restricting their riskier lending. Low deposit mortgage deals are considered as higher risk and therefore some lenders are cutting back on what they are prepared to lend.
Lenders such as the Post Office, Chelsea BS and Yorkshire Bank are still offering competitive rates for first time buyers but it remains true that the larger the deposit you have the better the rate on offer.
Navigating your way through the complexities of the UK mortgage market can be difficult and with a mortgage being the largest single expenditure you are ever likely to make a mistake would be disastrous.
Deal Direct are therefore on hand to guide you. We will review your circumstances to find out what you can afford to repay and will then find you the mortgage deal best suited to your needs.
Contact Deal Direct today for an up to date first time buyer mortgage quote.
