Mortgage Advice for First Time Buyers, First Time Buyer Mortgages and First Mortgage Advice

Scheme makes it "great time" for first-time buyers to complete purchases

31-Mar-2010

It is currently a "great time" for first-time buyers to secure an off-plan deal on a new home, a property expert has said.

Kevin Ellis, director at New Homes, suggested those interested in a development at Kennet Island in Berkshire would get a particularly attractive deal should they secure a home.

By signing up now but not completing a purchase until the properties are finished next year, first-time buyers are creating an extra 12 months in which to save enough cash.

Mr Ellis stated: "It's the best time to invest - buying at time when houses prices have bottomed out, but they have also got plenty of time to save before they complete."

Two show apartments will open their doors this month for interested parties to take a look at, while similar schemes may be in place across the country.

First-time buyers were given a boost last week when chancellor Alistair Darling announced the stamp duty threshold for those making their first property purchase would rise to £250,000.

How to buy a house from finding your first property, first time buyer mortgages, mortgage advice, shared equity, shared ownership, joint ownership, part buy part rent and HomeBuy. All a first time buyer could need as well as first time buyer news at FirstRungNow.com.

First-time buyers 'are big Budget winners'
FSA proposal would make it tougher to secure first mortgage, says expert
Lack of parental help is major problem for young property buyers

Article Options:

Email this article to a friend

Get updates from our RSS Feed

Post this article to:

del.icio.us

Digg

Reddit

2012: May | Apr | Mar | Feb | Jan

2011: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2010: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2009: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2008: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2007: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2006: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2005: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar


Free e-Bulletin

News and Offers for First Time Buyers

Register

There's alot going on! What do you think?

Interest rates are low but could rise? Is this a good time to buy?

Yes
No

Varialbe rate mortgages go up if bank interest rates do. Which is your preference?

Fixed Rate
Variable rate

Interest only mortgages are cheaper but in the end you don't end up owning the property. Which is better?

Interest Only
Repayment

House prices are waivering. Do you think this is a good time to buy?

Yes
No

Shared equity mortgages allow you to buy a new home with 5% deposit and an equity loan through FirstBuy. What do you think?

Too complicated
Too expensive
Too risky

Rent to buy allows you to peg a property price, save towards a deposit and pay reduced rent. What do you think?

Works best in a rising market
Too complicated
Good option