First Time Home Buyer Mortgage Rate Articles and Resources

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Resolved Question: Will they give us a mortgage? (UK)?

Me and my boyfriend are looking to get a mortgage in May, we will be first time buyers. My boyfriend takes home about £55,000 - 60,000 a year after tax, he is a freelance consultant and has been in continuous employment since he started out last may. We have one debt of £4,000 and he has a very good credit rating. I don't work at the moment as i'm looking after our baby. Based on this information - how much do you think they could lend us? Thanks for your help. more

Resolved Question: What is it like in America? are people losing their homes as well?

Measures To Avoid Repossessions Wednesday, October 22 04:17 pm Sky News Print Story Measures to help people avoid losing their home if they have trouble paying their mortgage have been unveiled. Skip related content Related content Housing market rout to last up to two years more More Gloom For New Home Buyers Two lenders cut mortgage rates Related Hot Topic: House Prices Have your say: House Prices New court protocols will help to make repossessions a last resort and lenders will be expected to show they have tried to discuss and agree alternatives with people who get into difficulty with repayments. The Government is also proposing that companies involved in sale and rent back schemes, which may target vulnerable home owners, should be brought under regulation of the Financial Services Authority. Around 18,900 people lost their homes during the first half of the year, 48% more than during the same period of 2007 and the highest figure since 1996. The level of repossessions is expected to continue rising during the second half of the year to reach 45,000 for the whole of 2008 On the television to-night one man's home was being repossessed because he owed £ 250 00, to me that is a disgrace. more

Resolved Question: Can I rent my first home bought with First Time Buyer mortgage ?

I have bought my first home in South West Engalnd 1 month ago. I took "First Time Buyer" mortgage from HSBC. But unfortunately, my company suddenly asked me to work in East England for 1 or 2 years on an assignment. So till I complete the assignment, I would like to rent my property. I think I have to inform the bank to get permission. Do they charge Buy To Let rates in general ? As this is my first home, can the bank still consider me as First Time buyer only ? Will they cancel my mortgage ? It seems BTL interest rates are very high. I think I also have to change my home insurance policy. Is that correct ? more

Resolved Question: for all those who are paying mortgages?

who would you recommend as a motgage provider? Who offers te cheapest mortgage and interest rate? I need to know as I am a first time buyer and doing my home work before I sort my mortgage out on Thursday... I found the dream house am after but basically I got it for 106K but paid the first 5K and so my mortgage would be 101K, so who would recommend? Thanks to all in advance? more

Resolved Question: Concrete Conctruction Houses ?

My son is looking at buying his first home and he has found a property within his first time buyers price range. However, he tells me that is is of concrete construction ( it is in Eastbourne ) and alarm bells are ringing in my head. I remember that in the late 80's, these places couldn't be conventionally mortgaged and special rates were charged. I think it was to due with the then view that they were subject to hidden cracks and rustings. I wondered if the feeling has changed on this subject. I am also worried in case he won't be able to sell it again. All views would be welcome ..... cheers more