First-Time Buyer

Everything you need to know about buying your first home.

First-Time Buyer Guides

Stamp duty: Everything you need to know

Stamp duty land tax (SDLT) is a government tax paid on property and land purchases worth more than £125,000 in England and Northern Ireland. There are slight variations on this tax in Wales (Land Transaction [...]

30 January, 2019

Fixed-rate mortgages

With fixed-rate mortgages, your monthly repayments are guaranteed to stay the same for a set period of time, regardless of changes to the Bank of England interest rate (known as the base rate). What is [...]

30 January, 2019

How to save for a deposit on a house

If you’re looking to buy a property, you’ll need a deposit of at least 5% of the property’s value. But having a deposit of 15% or more could help you secure the best mortgage rates. The average deposit [...]

30 January, 2019

Guarantor mortgages

Even with the housing market’s recent deceleration, the rise of 5% deposit mortgages and the continued popularity of government schemes such as Help to Buy, many are still struggling to get on the housing [...]

30 January, 2019

What is mortgage life insurance?

Mortgage life insurance covers your mortgage payments should you die before you have paid it off fully, and allows any joint mortgage holders or dependants to remain in the property. What is mortgage life [...]

29 January, 2019

95% LTV mortgages

95% loan-to-value (LTV) mortgages are most popular with first-time buyers because they only require a 5% deposit. As the deposit is comparatively small, you can reach your savings target (and so get onto [...]

28 January, 2019

What is a mortgage agreement in principle?

An agreement in principle is an estimate from a mortgage lender of how much they might be prepared to lend to you in order to buy a property. What does a mortgage agreement in principle mean? A mortgage [...]

18 January, 2019

How long does it take to get a mortgage?

Mortgages tend to take around 18 to 40 days from application to acceptance, though this varies depending on individual circumstances. If yours is a nice and simple mortgage, it could be quicker, but if [...]

3 January, 2019

What is a home survey?

Before you buy a property both you and your lender need to know it’s worth what you’ve agreed to pay to the seller. To do this, you’ll need a mortgage valuation report and property survey. What is [...]

2 January, 2019

How to get your first mortgage

Despite the current uncertainty surrounding the property market, 29,400 new first-time buyer mortgages were completed in December 2018 alone, according to banking and finance representative UK Finance. [...]

21 December, 2018

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