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

Property Buying Guide

Open Market HomeBuy and Equity Loans

Please note that the Government has now scrapped Open market HomeBuy. The only shared equity scheme now available is the FirstBuy one for new-build properties from September 2011.

To find out what other HomeBuy schemes are available for first time buyers, in your area, you might want to identify your nearest HomeBuy Agent. You can read about all the other HomeBuy schemes here on this website.

Useful websites:

www.communities.gov.uk/ – the government's main site with information about housing
www.direct.gov.uk/ – offers a range of government information and services, including for housing
www.housingcorp.gov.uk/ – for more information about housing associations

SmartNewHomes has a great map for first time buyers of offers, HomeBuy Direct, New Build HomeBuy and other discounts and deals


Locate Your Shared Equity Open Market HomeBuy Agent:

Open Market HomeBuy Agents for Open Market HomeBuy

Most useful and most popular pages on this site:

Look for your First Property l Seek First Time Buyer Mortgage Advice l See our Best First Mortgages Comparison Table l Find out about First Time Buyer Mortgages l Find out How to Buy a Housel Learn all about The First Time Buyer Mortgage l Shared Ownership


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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