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

Householders and first-time buyers 'should know their DIY limits'

01-Sep-2009

When it comes to decorating a house, such as a first property, people should be sure not to exceed their limitations when engaging in DIY.

Many homeowners, including first-time buyers, may choose the bank holiday weekend to give their property a facelift, which has caused one expert to offer some advice.

Fiona Hodge, assistant editor at DIY Week, explained people should only undertake work if they are experienced in household repairs or improvements.

She said: "Over the bank holidays there is a rise in accidents where people don't quite know what they are taking on.

"Know your limits and make sure you are prepared for the job you are doing."

Ms Hodge went on to say people could make savings by shopping around and picking up own-label supermarket goods, which can often offer good value for money.

This may appeal to first-time buyers, particularly during the recession.

According to the Halifax Home Improvement Survey, the average house extension costs £19,922 - but could potentially add £25,590 to the value of a property.

FirstRungNow.com - how to buy a house, from finding your first flat or first house, first time buyer mortgages, shared ownership, buying with friends, gifted deposit, part buy part rent - all a first time buyer could possibly need.

Property market recovery 'will be slow'
First-time buyers 'should talk to mortgage advisors'
'More confidence' in housing market over next few months

Article Options:

Email this article to a friend

Get updates from our RSS Feed

Post this article to:

del.icio.us

Digg

Reddit

2012: Feb | Jan

2011: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2010: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2009: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2008: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2007: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2006: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2005: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar


Free e-Bulletin

News and Offers for First Time Buyers

Register

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