The increasing cost of renting houses and flats in the recent past has made most people consider the option of buying property. Most of these people plan to go through the process for the very first time. However, first time buyers often find it stressful and confusing to hunt for mortgages. This is mostly because of the stringent requirements imposed by lenders nowadays.
At our firm, first time buyers can talk to mortgage experts. The experts will review the eligibility of the buyer for the different schemes available. At the end of the day, the buyer will have a rough idea about what such terms as trackers, fixed rates, lending criteria, credit profile, affordability and shared equity mean. Of course, buyers also have the option of going online to source for information about different mortgage types.