Category: First-Time Buyer Mortgages

Deciding between a fixed or variable mortgage is a major decision for skilled workers moving to the UK on a visa. This guide goes over the pros and cons, key features, and differences of both types of mortgages to help you decide

Buying your first home is an exciting milestone, but it also comes with a steep learning curve—especially when it comes to securing a mortgage.

Learn how work visa holders can get a mortgage in the UK. Find out about eligibility, income checks, visa types accepted, and key tips to get approved.

Find out about how zero deposit mortgages work in this article that finds out if your tenancy track record can help when applying for a mortgage in the UK. For most people looking to purchase a property in the UK, securing a mortgage is one of the biggest hurdles to overcome. This is because most mortgage lenders ask for a sizeable deposit – usually around 10 % of the total property value – before accepting mortgage applications.

Learn about the 5 % deposit mortgage scheme and what it means for homebuyers in this article that looks at how this scheme works, its key features and benefits. I’s no secret that the property market in the UK has become quite competitive in the past few years, with house prices continuing to rise. This environment is particularly challenging for first-time buyers, who also need to factor in substantial deposits to acquire a mortgage.

Learn all you need to know about the Lifetime ISA and how it can help first-time buyers secure a mortgage with this article that looks at this scheme in-depth. For many first-time buyers in the UK, saving for a deposit can feel like an uphill battle against rising property prices and strict mortgage requirements. Fortunately, the Lifetime ISA (Individual Savings Account) offers a tangible solution by providing a safe space to save while rewarding savers with a substantial government bonus.

Find out how a £5,000 deposit mortgage could make homeownership possible in this article that takes a closer look at this unique type of financial product. The property market in the UK has seen some dramatic price hikes over the past few years, making the dream of purchasing property increasingly out of reach for many. Spiralling house prices coupled with the requirements for large deposits have made it difficult for many to step onto the property ladder.

Applying for a mortgage is quite a robust process that incorporates several key stages. One of the more important parts of securing a mortgage is obtaining a Decision in Principle (DIP), which is a way to signify that a lender is willing to offer you funding. Understanding how a Decision in Principle works, as well as the benefits it provides and how to obtain it, can really help your journey towards home ownership. So, in this article, we’ll discuss the importance of a Decision in Principle and cover all you need to know about this nuanced part of the mortgage process.

Learn if you can get a mortgage if you have recently been employed with this article that looks at what lenders look for when assessing mortgage applications. Securing a mortgage is a huge milestone in life, offering stability and a chance to work your way up the property ladder. If you’ve recently started a new job, then you should take some time to learn about eligibility requirements for mortgages, as many lenders will be looking for a work history to support your application.

Learn about how deposits work for mortgages in this article that looks to answer the question, ‘will a higher deposit get you better mortgage rates?’ and more. Securing the best rates for your mortgage is a smart move that will make it easier, and potentially faster, to pay off over time. One of the main areas where you can impact how the mortgage is set up is the deposit you put down – but could a higher deposit get you a better rate on your mortgage?