Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Mortgage Glossary
- Mortgage Glossary Choices:
- 100% mortgage
- Arrears
- Buy to let
- County Court Judgements
- Defaults
- First time buyer
- Flexible mortgages
- Individual Voluntary Arrangements
- Keyworker mortgages
- Let to buy
- Non status
- No deposit mortgage
- No proof of income
- Self build
- Self certification
- Self employed mortgage
- Underpayment
First time buyer
Typically as a first time buyer you may have less deposit at your disposal and may be seeking cheaper mortgage rates in the earlier years. Or, you may be seeking the security of a guaranteed mortgage rate which will provide peace of mind by ensuring that your monthly mortgage payments do not fluctuate.
Fortunately there are a number of mortgages aimed specifically at first time buyers in order to help you through your first purchase.
Some lenders offer special incentives which may be of particular interest to first time buyers, including:
A range of fixed or capped rate mortgages, some of which may be unavailable to other categories of borrowers.
Cashback schemes,
Free surveyor or legal fees.
125% mortgages (NB: these deals usually have higher interest rates).
At Harbour Mortgage Savings Centre we aim to help your purchase go through smoothly and aim to find the most competitive mortgage deal on the market.