Mortgages & Money
  Mortgage Guide

First time buyer mortgages

Getting a foothold on the property ladder can be difficult for first time buyers with no equity. Possible solutions include 100% mortgages, joint or shared ownership, or a guarantor mortgage. Special deals for first time buyers can help to keep down the costs, with discounted rates or fees paid for you.

Pros:

  • Can help bridge the gap between your income and the cost of buying.
  • Special offers can help with deposits and other costs incurred

Cons:

  • Interest rates or charges may be slightly higher than other mortgages
  • The legalities of shared ownership or a guarantor mortgage can be complex - ensure contracts are clear to everyone involved



Disclaimer: This material is for general information only and does not constitute investment, tax, legal or other form of advice. You should not rely on this information to make any decisions. Always obtain independent, professional advice.

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