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Nationwide Cuts Mortgage Interest Rates by 0.1%

Nationwide Cuts Mortgage Interest Rates by 0.1%

Today, on May 18th UK-based Nationwide Building Society announced a cut in mortgage rates on fixed deals for 3 and 5 years.

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Nationwide Cuts Mortgage Interest Rates by 0.1%

Written on 18 May, 2012 at 07:32 by Ulyana Chernyak

Today, on May 18th UK-based Nationwide Building Society announced a cut in mortgage rates on fixed deals for 3 and 5 years.Now, borrowers can take advantage of a... ()

Halifax Offers to Pay Stamp Duty for Borrowers

Written on 15 May, 2012 at 06:56 by Ulyana Chernyak

Halifax bank launched a new offer for first-time buyers and all other borrowers willing to finance the purchase of a home priced at 125,000-250,000 pounds.The bank... ()

HSBC Approves 4.9 Billion in Mortgages in Q1

Written on 13 Apr, 2012 at 07:00 by Ulyana Chernyak

According to the latest report by HSBC, the bank is on the way to achieve its target of lending 15 billion pounds in mortgages.Peter Dockar, head of mortgages at... ()

New Buyers’ Inquiries Increase in March – RICS

Written on 11 Apr, 2012 at 07:13 by Ulyana Chernyak

According to the latest report by the Royal Institute of Chartered Surveyors, activity on the UK property market increased in March. As many as 9% more surveyors... ()

The Co-operative Bank Launches New Mortgages for First-time Buyers

Written on 22 Mar, 2012 at 04:26 by Ulyana Chernyak

The Government is to end the Stamp Duty holiday for first-time buyers in 2 days, on March 24th. If you have no chance to complete the house purchase by that time... ()

It’s Still Cheaper to Buy than to Rent in UK

Written on 15 Mar, 2012 at 07:15 by Ulyana Chernyak

We have already reported that buying is cheaper than renting in many UK regions. Now, that house prices have grown, property website Zoopla performed another research... ()

Brits Need Long-term Mortgages – Grant Shapps

Written on 21 Oct, 2011 at 07:07 by Ulyana Chernyak

In his coming speech in London, Minister Shapps is expected to urge UK lenders to offer long-term mortgages for British borrowers.According to the latest... ()

More Mortgages Available from UK Lenders

Written on 27 Sep, 2011 at 06:52 by Ulyana Chernyak

According to a research recently carried out by Moneyfacts, the number of mortgages offered by UK banks, rose significantly in 2011.UK comparison website... ()

No Deposit Mortgage Makes it’s Return

Written on 06 Sep, 2011 at 07:00 by Jack Torrance

In a surprise move which is sure to generate some waves in the lending market, a relative newcomer to the mortgage lending community has announced a 0% deposit... ()

Mortgage Lenders Remain Cautious

Written on 23 Aug, 2011 at 07:00 by Jack Torrance

Any hope that relaxed lending could come to the rescue of the UK s beleaguered property market was dashed yet again recently, with the news that total mortgage... ()

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Editors Pick

Buying your first home can be exciting and worrying at the same time. There are so many articles, books available on mortgages for first time buyers, but it is still not easy to decide where to start.

For the majority of people, buying a house will be the most expensive purchase they will ever make and it is important to get it right.

First time buyer mortgages are specifically created for people who are making their first step onto the property ladder.

By definition, a mortgage is a loan secured against the property and normally is a long term commitment. Affordability and life plans should be taken into account when choosing a first time buyer mortgage. It is possible to get an idea of how much will be possible to borrow with the help of the first time buyer mortgage calculator. However, for many novice property buyers, it is worth considering professional first time buyer advice.

There are hundreds of first time buyer mortgage deals available on the market, that it is easy to get confused.

First time buyer mortgage rates will often depend on the deposit amount that is available.

It is possible to choose between a repayment method and an interest only, or to have a combination of both.

There are many mortgage rate variations to choose from such as fixed rate, tracker rate, discounted rate, capped rate or variable rate.

Best first time buyer mortgages will offer additional features such as the ability to make overpayments, offer free valuations or cash-backs, help towards legal costs, and don’t charge higher lending fee.