First time buyer or looking for a 100% mortgage?
The big question every one will be obsessing over this year will be. “What should i do?” This largely depends on are you a first time buyer or looking to purchase your property with a 100% mortgage.
If your a first time buyer with a deposit or looking to secure your purchase with a 100% mortgage you will be no doubt keeping your finger crossed that house prices are www.clickngomortgages.co.uk/free-mortgage-tools.asp falling.
100% mortgage lenders haven’t all tightened there lending beyond today’s property prices. Birmingham Midshires is just one lender offering reasonable lending multiples to anyone with an average credit rating. 100% mortgage lender Northern Rocks door are still open, but there rates a fees are not market leading but they still have deals to suit certain circumstances.
First time buyers with a deposit still have many options available to them. They now have the vendors on the back foot. It’s a first time buyers market and they should be negotiating a really good deal. You can always increase your offer depending on how much you want the property. Developers looking to shift new properties will be offering incentives for first time buyers to attract them to the property market.
