Mortgage & Property Advice Centre for First Time Home Buyers

First Time Buyers Mortgages

Part Repayment Part Interest Mortgages

Part Repayment Part Interest Mortgages – What are They?

These are interest-only mortgage but only for the first three years. After this time you revert to a repayment deal and can choose to increase your repayments to make up for the shortfall in capital.


Part Repayment Part Interest Mortgages - Advantages

The deal is available up to 95% LTV . This will give you some initial extra cash to spend on your first home.

When it does come to switching to a repayment mortgage, you are only three years behind in capital. The overpayments required to get back on track should be manageable.


Part Repayment Part Interest Mortgages - Disadvantages

When you do switch to a repayment mortgage, the rise in monthly payments could come as a shock.


Lenders specialising in Part Repayment Part Interest Mortgages

These are quite widespread now - contact a mortgage broker.


Part Repayment Part Interest Mortgages Mortgage Advice

To find out if part repayment part interest mortgages are right for you – indeed which is the right first time buyer for you, seek specialist, no-commitment, friendly mortgage advice.


Features, advantages and disavantages of specific first time buyer mortgages:

100% Mortgages l Cashback Mortgages l High LTV Mortgages l Graduate Mortgages l Professional Mortgages l Mortgages with Parents l Guarantor Mortgages l Family Offset Mortgages l Mortgages with Friends or Family l Mortgages at University l Rent a Room Mortgages l Affordable Mortgages l Part Repayment Part Interest Mortgages l Interest-free Start Mortgages l Shared Ownership Mortgages l Poor, Adverse or Poor Credit Mortgages l Key Worker Mortgages l Shared Equity Mortgages l 30, 35, 40 Year Term Mortgages


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Prospects for first time buyers in 2010...

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