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July 2011 Newsletter – Think You Can’t Buy Your First Home?

September 3rd, 2011 | No Comments | Posted in Monthly Newsletters

The Mortgage Store - Think you can't buy your first Home?

You are not alone, an increasing number of people currently renting or living at home believe they will not be accepted for a mortgage. However lenders are starting to expand their criteria and rates are slowly reducing so now might be a great time to try.

The Mortgage Store - First Mortgage

Natwest and Woolwich have recently launched competitive mortgage products for borrowers participating in the government’s FirstBuy scheme. The FirstBuy scheme provides first-time buyers who have a 5% deposit with a 20% equity loan split between the government and a housebuilder.

There are also a number of new lenders who are now offering 90% loan to value (LTV) mortgages.. Figures from moneysupermarket.com also show that the number of 90% products available has increased to over 300, the highest level since November 2008. The rates available on 90% LTV products have also dropped recently, giving greater options for you if you only have a small deposit.

Buying your first home is a big commitment and there are many things to consider when taking out a mortgage, such as general insurance and protection.

Here at The Mortgage Store we can take the hassle out of finding a mortgage and can help find the best deal for you. We are able to provide a full advice service and guide you through all the options available to you. We also offer a full service in insurance and protection.

To find out more why not contact us Today

We look forward to hearing from you.

The Mortgage Store -  Mortgage Re-possessed

For further details or to arrange an interview please use our ‘Contact’ Page.

For a PDF version of this newsletter please click the PDF icon: The Mortgage Store Newsletter July 2011 PDF

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  • The Mortgage Store (TMS Ltd.) is a firm of professional Advisers who specialize in all types of Mortgages and Related Insurance Services.

    For Free Advice on Mortgages and related Insurance Services or Use our CONTACT Page to send us a message

  • FEES:
    We are normally only paid by way of commission from the lender, Alternatively you can choose our Fee Only option where you pay us a fee instead and we rebate our lender commission to you. Depending on your circumstances there might be an additional fee charged for mortgage advice, and if so it will not exceed 1% of the mortgage amount.
    Your home may be repossessed if you do not keep up repayments on your mortgage.