Hope On The Horizon For First Time Buyers

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Amongst the gloomy economic press, there may be a glimmer of light for first time buyers with the release of a new 95% First Time Buyer mortgage deal.

Martin Woodhead of Mortgage Advice Bureau who works with Heywoods Estate Agents  commented:

"Whilst no one can predict what will happen next this is certainly a step in the right direction to help First Time Buyers get onto the property ladder."

New mortgage products are being introduced on a regular basis but lenders are more cautious so it is important that prospective first time buyers seek the advice of an independent mortgage broker. An independent mortgage broker will search across the market to find the most appropriate product based upon each and every individual's needs and requirements.

This can only be good news for the property market as well, as first time buyers are at the start of the property market chain.  We work with Heywoods Estate Agents who have a wide selection of properties for sale across their branches so First Time Buyers can look for their dream home and we can arrange the mortgage for that purchase.

For further information, please contact Martin at Mortgage Advice Bureau 01782 664995 or email: martinwo@mab.org.uk or pop into Heywoods branch in Newcastle-Under-Lyme.

Your home may be repossessed if you do not keep up repayments on your mortgage.

There will be a fee for mortgage advice.  The actual amount you pay will depend upon your circumstances.  The fee is up to 1%, but a typical fee is 0.3% of the amount borrowed.