First Time Buyer Mortgage Deals
If you are new to mortgages as a first time buyer there are a number of things you need to be aware of. Firstly a mortgage is a loan which is secured against your home and as such if for any reason you cannot repay it the lender can sell your home to recover their money. In selecting a mortgage you should:
- Seek to ensure that the mortgage suits your circumstances
- Ensure you borrow what you can afford
- Build in flexibility so that if your circumstances change there is room to adapt e.g. a change of job
In selecting a mortgage you have different options. You can go to a lender direct who will provide help and assistance about their own mortgage products or you can use the service of a mortgage broker who will be able to look at a wider panel of mortgage products - for independent mortgage advice contact our mortgage team on 0117 332 6063 or complete our enquiry form.