First Time Buyer Mortgages
First Time Buyer Mortgages for people looking to get on the property ladder are so important. The one thing Banks and Building Society's forget is no one wants a mortgage. What you want is a home to call your own. To get the home you desire a mortgage is a necessary evil.
So if you must have a mortgage the trick is to have the best one you can get. Here at Mortgage Connection we aim to help you get on the property ladder and buy that first home. It could be a house, flat or bungalow and their a a few things in life where you never forget your first time and house buying is certainly one of them!
The difficulty of buying in these economic times is highlighted by the fact that so many adults these days are returning "home" to live with their parents.
The average deposit being put on a property is now around the £40,000 mark and that is just not achievable for a great many people.
First time buyers are now over 35 years of age on average and it's fast heading towards 40. Not so long ago the average age of a 1st purchase was reducing but as the banks and building societies were throwing money at anyone who walked through the door.
Fast forward to the credit crunch (of the banks own making) and they decide to lock the stable door after the horse has long gone.
95% mortgages for first time buyers, are increasingly difficult for even people with a good solid credit history to get. 100% mortgages for first time buyers are as rare as rocking horse manure.
