Mortgage Advice for First Time Buyers, First Time Buyer Mortgages and First Mortgage Advice

Property Guide:Looking to Rent

Invest in property whilst renting

Despite high rental outgoings and an expensive social life, it is possible to invest whilst renting property.

One of the best things you can do is to pay off any outstanding loans – particularly those charging high interest rates. And if you really want to buy your first home you should consider making some sacrifices and starting to save. However, there are some other options for you whilst you are renting.

Rent to Buy or Lease Option: Another is to choose a property to rent that you would really like to buy. Rent it until such time you have the finances in place to purchase it at a price pre-agreed by you and the owner. This is a type of lease option scheme which enables you to invest in property whilst renting. It is also known as Rent to Buy.

Buying Abroad: Another option you might consider is buying a small place abroad with the potential to gain capital growth, hopefully building up to be a deposit further down the line.

Buy to Let: It may even be that you can afford to buy to let a property in the UK offsetting the mortgage against the rental income.

Most useful and most popular pages on this site:

Look for your First Property l Seek First Time Buyer Mortgage Advice l See our Best First Mortgages Comparison Table l Find out about First Time Buyer Mortgages l Find out How to Buy a House l Learn all about The First Time Buyer Mortgage l Shared Ownership

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There's alot going on! What do you think?

Interest rates are low but could rise? Is this a good time to buy?

Yes
No

Varialbe rate mortgages go up if bank interest rates do. Which is your preference?

Fixed Rate
Variable rate

Interest only mortgages are cheaper but in the end you don't end up owning the property. Which is better?

Interest Only
Repayment

House prices are waivering. Do you think this is a good time to buy?

Yes
No

Shared equity mortgages allow you to buy a new home with 5% deposit and an equity loan through FirstBuy. What do you think?

Too complicated
Too expensive
Too risky

Rent to buy allows you to peg a property price, save towards a deposit and pay reduced rent. What do you think?

Works best in a rising market
Too complicated
Good option


 

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