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When buying a home most of us need to borrow money. This loan is secured on the property you are buying and should you fail to stick to the terms agreed it’s possible that the mortgage lender will take possession and then sell the property to pay off what is owed.
First-time buyers are new to the housing market and as such it’s generally recognised that they need some help either with raising a deposit or by way of a reduced rate of interest in the first few months or years.
The UK government offer various schemes including a help to buy scheme aimed at those buying their first home or a new home as well as various savings schemes including the Help to Buy ISA Scheme.
First Time Buyer Mortgages usually fall into two categories, namely;
Many mortgage companies and lenders offer first-time buyers incentives and assistance including reduced interest rates and low arrangement fees. Contact Mortgage Required to see how we can best serve your needs today on 01628 507477.
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Your home may be repossessed if you do not keep up repayments on your mortgage.
There will be no fee for Mortgage Advice. There may be a fee for arranging a mortgage. The precise amount will depend upon your circumstances, but we estimate it to be £399.
Mortgage Required Ltd, Finance House, 5 Bath Road, Maidenhead, SL6 4AQ is authorised and regulated by the Financial Conduct Authority reference 573718 at www.fca.org.uk.
The Financial Ombudsman Service is an agency for arbitrating on unresolved complaints between regulated firms and their clients. More detail can be found on their website: www.financial-ombudsman.org.uk
Call: 01628 507477