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First Time Buyer
Mortgage advice from ASC Financial Solutions – Milton Keynes, Buckinghamshire
The prospect of buying your first home is both daunting and confusing. Our aim is to guide you through the transaction from start to finish so that you understand exactly what the purchase entails and how much it will cost. This is the largest financial transaction you are ever likely to make so it must be done with clarity.
Our expert advisers can explain the different types of mortgages on offer and whether or not a repayment or interest-only mortgage is right for you. As we have access to the entire mortgage market, you can have peace of mind that we will be able to compare the whole range of mortgage products available on the market so you don’t need to shop around.
Over the past few years, the property market moved very fast and led to significant increases in property prices. This made it very difficult for many people to afford to buy a home, particularly for first time buyers.
During the credit crunch which started in 2007 property prices dropped considerably making housing more affordable, however, in 2009 house prices started to rise again. The first half of 2010 continued this rise but prices then fell again in the second half of the year, finishing generally flat across the year as a whole. The effects the credit crunch has had on the property and mortgage markets have created challenging times for all.
Getting on the ladder
It is, however, still possible for first time buyers to get onto the property ladder and there are actually some advantages to being a first time buyer. Interest rates are very low, and first time buyers are more appealing to sellers because they are not in a chain.
In the current economic climate, you will probably need at least 10% deposit towards the mortgage before a lender will consider you. But don’t despair if you don’t have the 10% deposit to put down, there may be other options for you to consider.
Request an appointment with a Financial Adviser in Buckinghamshire, Bedfordshire or Hertfordshire.
Alternatively, to discuss your circumstances with a qualified adviser now, please contact us today on 01908 260033 or request a call back using the form opposite.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Call Back Request
Please complete the call back enquiry form below and we will be very happy to call you back and make an appointment to come and see you.
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