Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
As a first time buyer you will probably have two main areas of concern – how much can you borrow and whether you need a deposit. With Chesterton Private Finance ’s experienced, straight talking consultants you can get on the property ladder with confidence and ease.
The market has changed a lot in recent years and you may be pleasantly surprised at how much you can borrow. We have seen lenders advance borrowers over 5 times their salary whilst ensuring the monthly costs remain affordable.
With our new and exciting developments in the shared equity market you may safely be able to borrow even higher amounts.
If you don’t have a deposit, don’t worry. The 100% loan market has expanded in recent years and although rates are higher than mainstream products, the premium has reduced.
The market is constantly finding new ways to help first time buyers. Specialist schemes have been created for graduates, and young professionals which offer 100% loans at competitive rates. Alternatively it may be possible for a third party like your parents to help you by acting as the guarantor on your mortgage.
As a first time buyer money is normally tight so getting the most cost effective deal is very important. Our simple and clear advice combined with our market leading technology means that we can ensure that you get the most cost efficient solution to your needs.
Call us now FREE on 0800 138 5440 for advice or fill in this form and one of our expert property consultants will contact you.