With this mortgage you will pay the lenders standard variable rate which will alter with interest rates set buy the bank of England. With this mortgage you are paying of both the capital part and the interest on the mortgage. There are also deal such as cashback that provide you with a lump sum when you take out the mortgage. While this extra cash can be useful if you are buying your first house you should always remember that any money advanced will be added to your mortgage, as they say in this world you do not get anything for nothing.

Whatever type of mortgage the first time buyer is looking for it pays to obtain qualified mortgage advice. If you would like to make a no obligation mortgage enquiry just fill out our simple enquiry form below and a mortgage broker will contact you.

Mortgages