First time buyer mortgages

If you are looking for a first time buyer mortgage, all the different rates and options can make things seem complicated.

Those that are new to the mortgage market can often feel overwhelmed at all of the different choices that are out there.

And that’s why it’s good to have an expert like Mortgage Owl on your side, to help talk you through the technical jargon and make sure that you are getting a great deal on your first time buyer mortgage.

We can recommend a first time buyer scheme that is most suitable and cost effective for your personal situation.

Which option is best?

A big problem that many first time buyers encounter is saving up enough money for a deposit.

Alongside some special mortgages for first time buyers, there are also schemes available which can help those with a smaller deposit including:

  • Help to buy
  • High loan to value mortgages
  • Shared ownership
  • Shared equity
  • Guarantor mortgages

Find out more about your options with our Help for First Time Buyers guide.

Deciding which option is best for you depends on your individual situation, and a variety of options including how much deposit you have. With first time buyer mortgages, it’s also worth bearing in mind that whilst some of the lowest rates may seem attractive, these can have large arrangement fees or may switch to a much higher rate in a couple of years.

Talk to an expert

One of the best ways to make sure that you get the deal that is best for you is to let an expert help you through the process.

Our mortgage advisors are here seven days a week to help talk you through the mortgage options. This can be invaluable help for first time buyers and anyone new to the mortgage market.

Speak to an industry expert on 01452 521 111 and make sure that you get a great deal on your first time buyer mortgage on your new home.

For mortgages, we can be paid by commission, a fee or a combination of both. Our typical fee is £350.00.

A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.