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

First Time Buyer Property Show comes to London

27-Oct-2006

In association with FirstRungNow, the First Time Buyer Property Show will be held at London's Barbican Exhibition Centre.

Held between July 6th and 8th 2007, the first time buyer event will feature a number of new ideas and strategies to make purchasing that new home a little bit easier.

The event will include a series of seminars designed to help make the first step into property ownership a little bit easier, covering issues such as gazumping and buying a property via auction.

A seminar will also be available to discuss the advantages and pitfalls of purchasing a repossessed property.

With the property market becoming difficult for first time buyers to enter, parents often find their children forced to stay at home.

First time buyers are increasingly facing a situation where it is necessary to approach the problems of affording a new home in an inventive way; many are opting to buy with friends or strangers, while some stay at home in converted parental dwellings, suggests FirstRungNow.

To find out how your parents can help you, see the FirstRungNow section on ‘How Parents Can Help’ and contact a good mortgage broker.

For more detailed information on shared ownership, click here.

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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