First Time Buyer Mortgages

Arranging a mortgage for your first home

If you are looking to buy your first home and need a mortgage, you face the daunting prospect of working out which mortgage offers you the best deal, both in the short term and over a longer period. However, buying a property for the first time and arranging a first-time mortgage can often mean that you are actually in a stronger position than other home-buyers who may have a property to sell. Generally speaking, most property vendors prefer to deal with a first time purchaser because it usually means that there is no chain of house sales behind them, which could collapse at any time. Second only to cash purchasers, first-time buyers are well-placed and in a strong negotiating position when it comes to buying their first home.

"There was a lot of interest in this particular property but because I was a first time buyer and could move quickly, the vendor accepted my offer in preference to others who had also put in an offer."

QuoteRack caters for all types of first time buyer mortgages, including 100% mortgages, cashback mortgages and discount mortgages.

"We had saved for a long time to put down a reasonable deposit for our first home. This gave us a much wider choice of mortgages to choose from as first time buyers."

You may also be interested to see other QuoteRack categories such as self-certification mortgages and young driver car insurance.

First time buyer mortgages - links

Advice for first time buyers

The DirectGov website offers hints, tips and advice about buying your first home.

Channel 4

A 'how to buy' guide for first time home buyers from the Channel 4 website.