As a mortgage broker in Kent we are proud to say we are one of the most reputable Kent mortgage brokers. We arrange mortgages from the whole of the market, including remortgages.

We can arrange all types of mortgages from shared ownership mortgages to council house mortgages, for someone wishing to take advantage of the right to buy mortgage schemes still available from your local council.

We use our expertise as mortgage brokers in Kent to provide you with simple, easy to understand information that will help you meet your requirements. We are able to source remortgages and mortgages from all the main banks and Kent mortgages providers.

So you may very well find that you can get a product from a Kent mortgage broker that cannot be obtained from a lender direct.

When you are first time buyer and just starting out in the housing market, especially in Kent, you will need all the money can get. Nobody wants to waste money, by using a kent-mortgage-brokers.asp you may save time and money dealing with brokers who have local knowledge.

Many people still want a 100% mortgage. Many people still think you can borrow over the value of your property; these mortgages were available up to 125 % of the value of your property. 100% mortgages are still available, but the market is extremly limited.

 The two deals that are available have a strict lending criteria. You have to be over 21, your income must be more than 25k you can only lend on repayment basis and it’s only for people who are buying. They will only lend you up to 100% of the mortgage. 100% mortgages have very strict credit rating criteria. Squeaky clean is the phrase that comes to mind. The other 100% mortgage lender is similar to a guarantor mortgage, except the property is the security for the 100% mortgages lender. The lender requires security of 25% of your parent’s mortgage.

What you need to know about 100% mortgages:

Apart from charging higher interest rates for 100% mortgages the other risk for the lender is possibility of negative equity. As no equity is placed within the property value, because there is no deposit, if house prices instantly decrease after the property is bought then no equity exists as a buffer. This means that if you need to sell your home the 100% mortgage taken out on the original value of the property would outweigh the property new value.

A report from Halifax says the average stamp duty bill for first-time buyers has almost doubled over the last five years. In the South East, South West and East almost all first-time buyers paid stamp duty, while in Northern regions only 42% were liable, the report said. The threshold at which buyers pay 1% has been increased to 125′000 this has helped first time buyer mortgages purchases.

“Stamp duty has again become an issue for first-time buyers because the stamp duty thresholds have not kept pace with house price inflation,” said Martin Ellis, Halifax chief economist.

“We call on all political parties to raise the stamp duty thresholds to compensate for house price inflation over the past decade,” he added.

According to a monthly survey from the Halifax, prices across the UK fell by 0.3% in February, taking the annual rate of inflation down from 4.5% to 4.2%. This is welcome news for anyone looking to arrange a first time buyer mortgage. It obviously is becoming a first time buyers market.

Shop around for a first time buyer mortgage many lenders still see new customers as good business. Have a look at what the smaller lenders have to offer, the big banks don’t fair so well in the lists of low cost lenders this time of year. Some of the best first time buyer mortgage deals come from Newcastle, Cheshire, Nottingham and the Co-Op bank.

You need the best first time buyer mortgages available, no doubt you will have a lot of questions to ask. First and foremost, what are the best first time buyer mortgages deals for first time buyers?

Should I opt for a fixed rate for 3 or 5 years, a capped rate, a discount or a tracker, which could put my monthly budget at risk for my first house? How do I get my first time buyer mortgage? Should I go to a bank, broker, building society or a specialist lender when I’m buying my first house? How much can I borrow for my first mortgage, and how much will it cost me?

If your entering the world of mortgages for the first time you should always shop around and get a few deals. Speak to your bank about first time buyer mortgages. Don’t just consider what you can afford now; always consider how your finances will fair over the next 3 to 5 years. What if income changes for the worst you will still have to pay this first time buyer mortgage. Fixed rates provide stability. Trackers give you a chance of beating the market. Better to be safe than sorry!

Many first time buyer mortgages borrowers overstretch themselves. That property you always want is just that extra five or ten thousand more. First time buyers have time on their hands and are always optimistic. Most people expect property prices to rise; this may be the case over 25 or 30 years. But always consider the short term be realistic.

When you’re in the property with what you have considered being the best first time buyer mortgage available to you at the time of  your purchase, enjoy the fruits of your hard work. Welcome to the housing ladder!

For a long time there have been calls for free advice funded by levies from companies regulated by the Financial Services Authority. More so now with Bad credit mortgages and 100% mortgages being a regular topic in the news due to the current changes in the world economy.  

A report conducted on by Thoresen Review of Generic Financial Advice, commissioned by the government, suggests a £12m two-year pilot project.

It said a telephone; internet and face-to-face advice service should be funded by the government and by levies from the financial services industry. 

Otto Thoresen, the head of the financial services firm Aegon, was asked by the Treasury to design a national money guidance service. His review suggested that people would use such a sales-free service for significant life events that affect finances, such as starting work, buying a house, having a baby, divorce or retirement.

Many first time buyer mortgages now require a deposit of between 5 and 10%. Some lenders are insisting more stringent credit checks. A minor change in your credit report in the wrong direction like a late or missed payment on your credit card is likely to see you declined for any of the best mortgages available.

The Citizens Advice Bureau has gone on record saying there service is busting at seams. Good quality debt advice should be available to everyone.