Which is the best mortgage deal for first time buyers?
When asking which is the best mortgage for first time buyers, as with any mortgage there are many different aspects to take into consideration.
With daily announcements from lenders about stricter criteria for lending and increased deposits required for many deals, first time buyers can find the mortgage market confusing.
At Deal Direct we can offer you impartial expert advice on a wide range of products and guide you through the complexities of the mortgage market to find a good deal to suit your situation.
We are currently seeing a variety of deals offered by lenders, even if you do not have a reasonable deposit to allow you to make your first purchase. New products are being introduced all the time and lenders are becoming more flexible in their terms, for example mortgage products with a borrowing period of 40 years can help with affordability, compared to the traditional 25 year term.
When considering which is the best mortgage some lenders are offering mortgages with incentives that may particularly help first time buyers. For example, mortgages without fees, help with legal fees, refunds for property valuation costs, and even cash back. Obviously all of these offers need to be weighed against the varying rates for each mortgage product.
Call us at Deal Direct and ask which is the best mortgage for me? We can help you through the process of looking, applying and accepting a mortgage to suit your circumstances and secure the best deal in the market for you.
You can contact us by telephone on 0800 048 8828 or fill in our enquiry form online.
