First Time Buyers Mortgages

The lending market is very competitive for first time buyers.

Mortgage lenders want to be the first to lend to such borrowers in order to keep them as customers for subsequent mortgages.

Generally this phrase is used for those borrowers who are buying a property for the first time. Some lenders will also consider someone who has owned a property before but maybe currently renting. First time buyers may be able to access particularly attractive mortgage packages such as fixed rates and discounted rates.

First time buyers lenders

Most high street lenders have facilities for first time buyers and some of the most prominent are listed below with links to their first time buyer mortgage details.

• Cheltenham and Gloucester
• Abbey
• Yorkshire Building Society
• Royal Bank of Scotland

Mortgage Comparison for First Time Buyers

YourMortgage.co.uk has an excellent comparison calculator covering most, if not all, of the UK lenders in the First Time Buyers market.

For further information click here