First time home buyer mortgages

First time home buyers - we can help you to get onto the property ladder

Over the past few years, the property market has been moving very fast and has led to significant increases in property prices. This has made it very difficult for many people to afford to buy a home. This is a problem particularly faced by first time home buyers, as although they may be able to raise a mortgage, this will often fall far short of the cost of a property. 

Getting on the Property Ladder

It is, however, still possible for first time buyers to get onto the property ladder and there are actually some advantages to being a first time buyer:

•            interest rates are at their lowest for more than 30 years
•            first time buyers are more appealing to sellers since they are not in a chain          
•            first time buyers are very much sought after by mortgage lenders

     Affordable Housing

The government also runs various schemes to help people get on the property ladder, particularly those who are key workers. Two of these schemes are; The Key Worker Living programme which aims to help people working in front line roles for key public services to buy or rent a home and Shared Ownership, introduced to help people who cannot afford to buy a home outright - Key Worker Living programme and Shared Ownership.

We Can Help

Discount Mortgage is the right choice when chosing a mortgage broker when purchasing your first home, as we are specialists in providing mortgage advice to first time buyers.

Due to the fact Discount Mortgages have access to the entire mortgage market, we can compare the range of mortgage products available, and present you with illustrations of most of the current mortgage deals which meets your own personal needs.

Discount Mortgage clients are not limited to just mortgages designed for first time buyers. Depending on your individual circumstances we will recommend the best mortgage for you from the wide range of mortgages on the market.

Instead of going to every lender the high street and agonising over your options, you could save time and potentially a large amount of money, by contacting Discount Mortgages and we will present you with an illustration of some of the current deals available. First time buyers with a clean credit history and deposit could potentially get a 95% mortgage.