First Time Buyers Mortgage FAQs
Why should I buy, rather than rent a property?
You are making an investment when you buy a house. Rather than see your rent money go towards paying off someone else's property, it will be used to pay off YOUR mortgage and put you one step nearer to total ownership of your home and possession of a valuable asset.
Can I buy a house even if I have bad credit, and don't have much for a down-payment?
Yes. ClicknGo can help you choose the right mortgage for your situation. We not only help First Time Buyers but also assist individuals who have bad credit histories and little to no money saved for a desposit, to obtain a mortgage that is sutiable for them.
How much will the mortgage cost?
We have provided an easy-to-use Mortgage Calculator so that you can see how much a particular first time buyer mortgage will cost you on a monthly basis.
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Checkout our Mortgage Tool Kit, it has all the resources and information to help first time buyers.
As a first time buyer you need to know what are the best mortgage
deals for first time buyers? Click n go Mortgages will access the
best deals available for your circumstances; whether you have a
deposit, bad credit history, self employed - we can help.
Thu, 22 Jan 2009 13:41:17
Comments
Shared Ownership latest mortgage deals rates and lending criteria
With Rightmove reporting increased demand for houses and property listings at an all time low. First time buyers are struggling to save the deposits which lenders are currently insisting on to purchase in today’s market. So the alternative is to buy via a Shared Ownership scheme.
Wed, 21 Jan 2009 15:26:55
Comments
Mortgage Lending ‘fell by 30% last year’
There was huge contraction in the amount of mortgage lending in 2008. The credit crunch has swept through the housing market and all but obliterated most of the mortgage deals that were available in 2007.
Tue, 20 Jan 2009 11:26:45
Comments
Government announces second round of measures to provide new lending
Banks need to use these facility's to help breath life into the failing housing market as First time buyers and home movers continue to window shop.
Mon, 19 Jan 2009 14:29:37
Comments
House hold demand in the pipe line
When the market does turn, first time buyers will re-enter the market, driven by the renewed affordability of owning over renting. With lenders cautious on loan to value ratios, there will be new types of shared ownership and shared equity schemes to be in high demand.
Thu, 15 Jan 2009 11:42:24
Comments
Mortgage lending continues to fall
The Council of Mortgage lenders (CML) have reported that their was only 33,000 new loans granted in November, that's a 17% reduction compared with last month. First time buyers are finding that they have to put down a large deposit. On average a first time buyer has to put down an 18% deposit of the properties value.
Wed, 14 Jan 2009 10:28:36
Comments
How do i go about buying a Shared Equity property?
My partner and I are lowly first time buyers with a few savings, certainly not enough for a deposit. We rent our slightly shabby 2 bed house, which I long to decorate but don’t want to add value, and are slowly but surely paying off our landlords’ mortgage.
Tue, 13 Jan 2009 12:46:11
Comments
House sales are still falling
RICS the Royal Institution of Chartered Surveyors said the housing market has reached a low not seen for 30 years. First time buyers are struggling to take advatange of falling house prices.
Mon, 12 Jan 2009 10:32:20
Comments
Buyers are suspicious of Shared Equity Schemes
It's certainly going to be a tough time for first time buyers in 2009. We still get a hundreds of people asking "Can we still get a 100% mortgage". The answer is not for a property on the open market. But you can still buy a house without a deposit with a Shared Equity mortgage.
