First Time Buyer Mortgages

If you are looking into taking on your first mortgage and you are a first time buyer there will be a number of queries and questions that will actually need asking before you take the dreaded plunge.  Actually making that initial move and getting that first foot on the property ladder as a first time buyer can be a very daunting move. 

In many cases you find yourself saving that all important deposit for the house you feel is perfect for you and you then find that the house prices have risen dramatically and you can no longer afford that dream house, so you find yourself back to where you actually started. 

This however can sometimes be a positive aspect for first time buyers, because with house prices rapidly rising, mortgage lenders have now become a lot more flexible for first time buyers and people looking at first time buyer mortgages, and the majority of them are now issuing special offers to try and help ease the pain of the repayments in the initial few years. 

Another frightening factor in this process can be the number of options that you have available and whether or not you are choosing the right one for you and your situation and the circumstances that you find yourself in.  You may find yourself with many questions running over your mind, should I go to a bank, specialist lender or even a building society. 

What kind of mortgage should I opt for?  A fixed rate mortgage, a capped rate, discount or a tracker?  Here at AWM we do our best to give you the best possible advice for your situation and talk you through all the available options.