The First Time Buyer Mortgage

As a first time buyer looking for a mortgage you have many options, although you tend to be limited by the amount of capital or deposit that you have.

Typically a first time buyer will be required to provide a 5% or 10% initial deposit, which as you won't have equity from a current house to draw on has to be saved the hard way!

However once the first time buyer has a deposit, they will find lenders very keen, often offering below base rate deals to try and capture your custom, be sure to check the arrangement fees, these differ wildly.