First Time Buyer

Buying a house is likely to be the single biggest investment you’ll make in your lifetime. As a first time buyer, you may have lots of questions about how to get a mortgage and which type suits you best i.e. should you choose a fixed rate, a discount, capped or tracker mortgage?

We can help you understand the difference between the various offers, and help you secure a mortgage that fits your circumstances. Here are some of the main mortgage types and ways to repay that you might want to consider.

Fixed rate mortgage: The monthly interest rate will stay the same for a set period of time, for example, between 2-5 years.

Tracker rate mortgage: The monthly interest rate rises and falls in line with Bank of England base rate.

Discount rate mortgage: Mortgage payments are based on a discounted rate set at a certain level, often between 1-3% below the lender’s standard variable interest rate.

Variable rate mortgage: means your monthly payments can go up and down if lender increases or decreases its standard variable rate.

Capped rate mortgage: your interest rate vary inline with lender’s standard variable rate but won’t rise above an agreed level for a set period of time.

Offset mortgage: allow you to link your mortgage to your savings or current account, thus offsetting your mortgage against another pot of cash. The advantage of this is that the amount of interest you are charged is reduced, which theoretically allows you to cut your mortgage term by several years.

Flexible mortgage: A flexible mortgage is a mortgage that allows borrowers to vary their monthly repayments in line with changing financial circumstances.

We at UK Financial Matters, our specialist advisors can help and advise even if you have

No deposit and looking for100% Mortgage (subject to status)
Have poor credit history
Self employed
Self certification/ No proof of income
Foreign Nationals who do not have permanent right to reside in the UK

Mortgages can be arranged over the phone or we can arrange a face to face meeting at our bright and friendly office and our advisors would be very happy to assist you.

Please note that we will always advise you and make our recommendation for any of mortgage products we offer.

We do not charge any broker fee for giving advice and arranging mortgages. We will be paid by commission from the lender.

Please fill up a short enquiry form online or call us now to arrange an appointment on 0800 311 2012 or you can e-mail us with your contact details and preferred times to enquiries@ukfinancialmatters.co.uk