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

Home Buying Advice

Find a Property - Your First Home

It's never been easier to find a property for sale that you would like to buy.

Gone are the days of traipsing around a host of estate agencies, giving your details, letting the estate agents know what you're looking for and waiting for them to find the property for you. The birth of the internet has meant that a number of companies have set up to provide property searches with databases of properties for sale which you can search from your desk. Finding a property for sale couldn't be easier.

However, there's no substitute for the personal touch and if you are in a competitive situation and keen to see properties before they go on the open market or as soon as an agent is appointed, currying your local agent's favour will do you no harm.

Before you know what your budget for your first home is though, you will need to know how much your first mortgage will be. Seek mortgage advice.

Many of the high street estate agents market their properties through these on-line property websites. You might find your first property here!

Here are the best internet property websites, covering new-build homes and ‘lived in' ones too:


www.EstateAngels.co.uk
http://www.smartnewhomes.com/?&wt.mc_id=aggregator_firstrungnow?&utm_source=firstrungnow&utm_medium=ban&utm_campaign=newhomes
www.Rightmove.co.uk
www.FindaProperty.com
www.fish4.co.uk
www.PrimeLocation.com
www.NewHomesforSale.co.uk
www.New-Homes.co.uk 
www.PrimeMove.com
www.zoopla.co.uk

 
Just search for 'property for sale in.....'

Once you've managed to find your ideal first home or first property, if you haven't already sought mortgage advice, it is best to do so, to make sure you can afford the property of your choice.

Useful Websites:

www.naea.co.uk – national association of estate agents

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



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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