Mortgage Advice for First Time Buyers, First Time Buyer Mortgages and First Mortgage Advice

Property Buying Guide

Building a Deposit: Investing abroad

This is rather a long shot but one that more and more first time buyers are considering as a way of getting a deposit for a property in the UK. The thinking is that there are some locations where if you buy early – perhaps even before the property is built (buying off-plan) that in a few years the increase in equity in that property will yield enough to create a healthy mortgage deposit back home.

You can find out more about buying property abroad in our investing in property abroad section.

Find out more about how to build a deposit - or even get away without needing one:

Savings l Extra work, selling things, cutting down on spending, cutting down on debt l Gifted Deposits l A loan l Reducing the size of mortgage deposit needed l No Deposit Options 


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There's alot going on! What do you think?

Interest rates are low but could rise? Is this a good time to buy?

Yes
No

Varialbe rate mortgages go up if bank interest rates do. Which is your preference?

Fixed Rate
Variable rate

Interest only mortgages are cheaper but in the end you don't end up owning the property. Which is better?

Interest Only
Repayment

House prices are waivering. Do you think this is a good time to buy?

Yes
No

Shared equity mortgages allow you to buy a new home with 5% deposit and an equity loan through FirstBuy. What do you think?

Too complicated
Too expensive
Too risky

Rent to buy allows you to peg a property price, save towards a deposit and pay reduced rent. What do you think?

Works best in a rising market
Too complicated
Good option