Even if it helps someone buy their dream home, the idea of having a 25-year mortgage fills a lot of people with dread – particularly the uninitiated first-time buyer!
In truth, getting any finance deal can be difficult, even for the most straightforward of cases. However, the first mortgage is always the most daunting. This is not because lenders are biased against first time buyers or anything silly like that. Simply put, first-time buyers often don’t have a clue what they are doing and, therefore, the fears and anxieties are that much greater.
After conducting some research, I have managed to identify three main concerns and worries that first-time buyers have, and I will attempt to help and guide you through each one step by step to hopefully put to bed some of the stresses new buyers have for good. These concerns are:
How much deposit does a first-time buyer need?
What qualifies you as a first-time buyer?
What help is available for first-time buyers?
One of the mo...
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