Mortgages For First Time Buyers
A mortgage is a loan that gives you the opportunity to buy a property. The money you're able to borrow is determined by a number of factors, which includes your income/outgoings, the lending period and the initial deposit you're able to place down.
The money you borrow will need
to be paid back over a set period (usually between 25 and 40 years), which is
repaid via monthly payments. The minimum deposit that you’re able to place down
will usually be a minimum of 5% of the cost of the property - a larger deposit
will help to bring down the monthly repayment cost of the mortgage.
Once we know how much you can borrow, the next step will be to work out a financial plan to comfortably get you mortgage ready.
Contact Premier Choice
Here at Premier Choice, we pride ourselves on our personal service - we are a mortgage broker based in Oxfordshire, that can help you with properties throughout the UK. We will help to tailor a mortgage for you as a first time buyer, and guide you all the way through the process. We can also assist in protecting your home, your income and your family financially so that you can stay in your home, should the worst happen.
If you would like more information please do not hesitate to give us a call today on 01993 705106.
Your home may be repossessed if you do not keep up repayments on your mortgage.