Mortgages For First Time Buyers

What sort of mortgage deals are available to first time buyers?

First time buyers can either take out a normal mortgage or they can take out a special first time buyer mortgage which is designed to help them. It may be that they have lower fees or fees that can be added to the mortgage. A first time buyer mortgage may also lend borrowers a bit of extra money that can help them out.

What should I be wary of with deals for first time buyers?

Before you take out a first time buyer mortgage, you should always check that you can't get a better mortgage deal elsewhere. It may be that you can just get a standard mortgage deal that offers you a lower interest rate or cheaper fees. You should be wary of first time buyer mortgage deals that offer you an initial low rate and then either a much higher rate after that or lock you in after the good rate has dissipated.