First Time Buyer Mortgages

A stable housing market needs first time buyers to have access to mortgages. All homeowners have at some point been first time buyers and this purchase is what gets everything moving. As long as there is sustainable income, the applicant is suitable risk and the property being purchased is sound security, there are good reasons for lenders to produce attractive products.

First Time Buyer Mortgage

Having said that, it has never been so difficult to purchase your first home and equally as difficult to fund that purchase via a mortgage. Since the financial crisis of 2008/09 the disparity between what banks will lend and the deposit amount required by borrowers themselves has grown.

Another factor is that lenders have tightened their criteria surrounding income multiples. Gone are the days of 100% mortgages and 6x salary calculations. Post credit crunch the combination of large deposits and tight income multiples meant a hard slog for first time buyers.

Over time, interest rates have stabilised, job creation is on the up and a fresh emphasis on the housing sector has wetted the appetite of lenders for higher loan to value mortgages, more flexible affordability criteria and as a result things have changed.

At View Finance we specialise in obtaining mortgages on behalf of first time buyers. Whether you have had some bad credit, are using a gifted deposit, are looking for a 95% mortgage or have other challenges facing you we can help you through the process.

 

 

Read through the types of First Time Buyer mortgages to see if this fits your profile. Simply make an enquiry and a specialist will contact you to go through your case in more detail.

  • First Time Buyer 95% Mortgages
  • Gifted deposit Mortgages
  • First Time buyer Bad Credit Mortgages
  • First Time Buyer Self Employed
  • Help To Buy Schemes

Get in touch

If you would like to know more about the services View Finance offer please feel free to call us on 0333 320 8658 or click on the button below to fill out an online enquiry form..

Get in touch

AS A MORTGAGE IS SECURED AGAINST YOUR HOME OR PROPERTY, IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS.  THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. View Finance Ltd is an Appointed Representative of Finance Advice Group Ltd, which is authorised and regulated by the Financial Conduct Authority under number 624517 in respect of mortgage, insurance and consumer credit mediation activities only. The Financial Conduct Authority does not regulate some form of mortgages and loans, including most types of Buy to let mortgages and also Limited Company lending. The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK. Registered office address: 42 Friar Gate, Derby, DE1 1DA. Registered in England and Wales, company number 11265177.

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