There is no single answer to this question as the right mortgage product depends on your individual circumstances. If you’re looking to buy your first home in Woking, Bath, or Bristol, we can help you assess your current situation and decide on the best first-time buyer mortgage for you.
For example, you can buy your first home
via one of the government Help to Buy schemes even if you have only managed to
save enough for a 5% deposit. In some cases, you might be able to borrow 100%
of the property’s value.
If, on the other hand, you have a sizeable
deposit, you may be able to take advantage of lower interest rates.
In some very rare cases, you may even be
able to take out a first-time buyer interest-only mortgage.
There are many variables when it comes to
deciding which is the best mortgage for a first-time buyer and the best advice
is to speak to a mortgage broker who can look at all options and make
sure to get the best deal available to you.
Contact My Mortgage Maker today and
take your first step at getting on the property ladder.
