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  • Digg it UP - Mortgage Advice - 5 Top Tips for First Time Buyers

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    In the ever increasing house price market it is becoming more difficult for first time buyers to take that important first leap on to the property market.

    As operators of website Mortgage Place we are constantly looking to provide help and information to anyone looking or thinking about applying for their first time mortgage.

    Our 5 Top Tips are:

    1. Shop around! There are so many lenders out there, with different mortgage rates, different mortgage deals and different contract options. Most will tempt you with some kind of offer when beginning your mortgage, but it's important to choose the right mortgage that will not only help you now, but help you long term too. If you are struggling to make sense of the termonology speak to an independent mortgage advisor.

    2. When calculating how much you can affo

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    erators of website Mortgage Place we are constantly looking to provide help and information to anyone looking or thinking about applying for their first time mortgage.

    Our 5 Top Tips are:

    1. Shop around! There are so many lenders out there, with different mortgage rates, different mortgage deals and different contract options. Most will tempt you with some kind of offer when beginning your mortgage, but it's important to choose the right mortgage that will not only help you now, but help you long term too. If you are struggling to make sense of the termonology speak to an independent mortgage advisor.

    2. When calculating how much you can aff

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    Our 5 Top Tips are:

    1. Shop around! There are so many lenders out there, with different mortgage rates, different mortgage deals and different contract options. Most will tempt you with some kind of offer when beginning your mortgage, but it's important to choose the right mortgage that will not only help you now, but help you long term too. If you are struggling to make sense of the termonology speak to an independent mortgage advisor.

    2. When calculating how much you can aff

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    tions. Most will tempt you with some kind of offer when beginning your mortgage, but it's important to choose the right mortgage that will not only help you now, but help you long term too. If you are struggling to make sense of the termonology speak to an independent mortgage advisor.

    2. When calculating how much you can aff

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    elp you long term too. If you are struggling to make sense of the termonology speak to an independent mortgage advisor.

    2. When calculating how much you can afford be realistic. Most lenders now can offer up to four times a single salary or three and a half times joined salaries - but can depend on lender. Some lenders also take in to consideration incomings and outgoings to prove you are able to pay back the repayments.

    3. Your desired location or town may be expensive, but by looking for properties just a few miles outside a main town perimeter its possible to save 20% on property prices. This alone could lead to lower mortgage payments, or enable you to buy a property with more land, more bedrooms, better features etc...

    4. Interest only mortgages are also an option. Always look carefully and fully in

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