First time buyer Mortgages in the UK
We have generated this page for potential first time buyers of UK Mortgages so that you will find it in a search without it becoming confused with the US or any country which is not applicable.
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There are masses of different mortgage products on the market, and we think that it is vital that anyone contemplating taking out a mortgage in the UK should first seek out the advice of a professional broker as the mortgage market is a minefield, and especially so for the first time buyer.
This professional can in fact save you a serious amount of money and also a serious amount of hunting around for the right product to suit your particular circumstances.
We cannot stress the importance of taking professional advice too strongly because the professional broker will know all about such matters as mortgage fees for example, because many of the financial institutions have recently increased their discharge fees by large amounts, and obviously it is in your interests to pay as little as possible because this is wasted money as far as you are concerned.
For first time buyers especially, anything extra you have to pay for, any little extra on top of your mortgage is dead money to you. It will not help pay off what you owe and in many cases will need to be paid from your cleared funds which could leave you cash poor for a while.
We strongly suggest that you contact our team of UK based mortgage brokers before you make what could well be a leap in the dark!