FISCUS MORTGAGES - INFORMATION AND ADVICE

First Time Buyers Guide

The housing and mortgage market can be a bewildering place to a first time buyer. Firstly there are the trials and tribulations of finding a house (almost certainly your biggest ever purchase by some distance) and ensuring it is the right place to call “home” for the foreseeable future. Then once this massive decision has been taken, you are confronted by a sea of legal and financial complexities as you attempt to arrange a mortgage to pay for your new home.

Here at Fiscus Mortgages, we guide you through the process one step at a time, hopefully making your first home purchase a little bit easier and clearer.

- Renting versus Buying – Fact: with escalating house prices, it is becoming much harder for first time buyers to find a house. We consider the pros and cons of going after that first house.

- How much can you borrow? – The first thing you need to do is work out how much you will be able to borrow. Once you know this, you can then begin to contemplate property.

- Finding a mortgage – We can provide an Independent Financial Adviser (IFA) to search for the best borrowing product suited to your individual circumstances.

- House hunting – Advice on how to tackle the housing market, and information on the various facets of properties that you should think about when deciding on a home.

- Making an offer, Exchanging contracts and completion – Working out how much to pay and if successful, getting the final bits to fall in place.

As well as our comprehensive first time buyer's guide, we suggest you take a look at our First-Time Buyer Mortgage Tables, which lists the most competitive first-time buyer deals available on the market. As many first-time buyers struggle to raise the necessary deposit required for a mortgage, we suggest you also take a look at our High Income-Multiplier Mortgage Tables and 100% Mortage Tables. These should, at the very least, help provide some ball-park figures when it comes to considering the interest rates and fees you will be expected to pay.