Buying a house is often complex and confusing, even for those who have experienced it before but if you haven't, it can be a stressful and emotionally draining experience. Therefore, many prefer to seek the advice of a specialist mortgage broker, to guide them through the process and manage every aspect of their purchase, including liaising with lenders and solicitors alike.
First-Time Buyer Products
First-time buyer rates are not unlike rates for existing borrowers, some offering free valuation and arrangement fees, as well as help towards legal costs.
There are also schemes available to help people purchase their first home, e.g. Help To Buy and Shared Ownership, which require smaller deposits than standard mortgages.
Help To Buy schemes only require a 5% deposit and some Shared Ownership schemes require NO deposit at all.
Bearing this in mind and the current low interest rates, now may be the perfect time for people to become homeowners.