Buying a home for the first time can be a scary experience and one you will never forget. While the actual process of house-buying only starts once you have found a property. When putting down a deposit for a home, bigger is always better as the lenders will see your deposit as their own protection and when a lender reviews your mortgage application they will have to take into account periods of a reduced income or disposable income, this could be because you are starting a family. Another benefit of putting down a bigger deposit is that it will mean lower monthly repayments.

The government help to buy scheme is available to help people buying new-built homes. Provided that buyers can put down a deposit of at least 5% the government will lend up to 20% of the purchase price of the property. This means that the buyer only needs to get a mortgage for the remaining 75% of the purchase price. The mortgage guarantee scheme can be used to buy a new build or preowned property.

Get some professional financial advice

Investing some time talking to a qualified financial adviser can go a long way to helping you make the best choices during the house-buying process and beyond. Whatever your plans and goals for your new life in your new home, getting your finances in the best possible shape is always a good starting point for making them a reality.

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The Help To Buy ISA Explained

May 29th, 2015|Comments Off on The Help To Buy ISA Explained

This blog is focused on explaining the complexities of the help to buy ISA

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Thoughts For First Time Buyers

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If you have never taken out a mortgage before, this blog is aimed at giving you a balanced and informed view of your options and the mortgage market today by examining things you need to [...]

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So You’ve Found The House, How Soon Can You Move In?

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While having an offer on a house accepted may be a cause for celebration, it is actually a fairly early point in the procedure for buying a property. Here is a summary of the steps [...]

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What First Time Buyers Need to Know

February 6th, 2015|Comments Off on What First Time Buyers Need to Know

Buying your first home can be an experience you’ll never forget. While the actual process of house-buying only starts once you have found a property that you might wish to call home, planning ahead can [...]