Ray of hope as more first-time buyer mortgages are made available.
Recently many more first-time buyer mortgages have become available, offering a ray of hope to would-be home buyers eager to climb on the property ladder.
In addition to the Government's NewBuy scheme which got off the ground in March this year, UK lenders not affiliated to the scheme are offering 95 per cent LTV first time buyer mortgages. Incentives such as cash-back, assistance with stamp duty payment and free legal and valuation packages are also being offered to help cut the cost of buying a first home.
Lenders are aware that to get the property market moving more mortgages need to be made accessible for starter homes for those trying to get a foot on the first rung of the ladder.
Deal Direct are here to help first time buyers source an affordable deal.
We recommend that would-be buyers enlist the services of a professional such as Deal Direct to avoid wasting time searching for deals that are either not available to a first timer, or have such strict lending criteria that approval is unlikely.
There are far more products now available at higher LTVs than there were 12 months ago, and first time buyers are advised to act now while mortgage rates remain historically low. The news is rates are going up and you should strike a deal soon.
There are affordable first-time buyer mortgages on offer, but mistakes can be made and great mortgage products missed when searching the market for a deal on your own.
For the most competitive first-time buyer mortgages on offer contact Deal Direct today.
