The process of buying your first home can be daunting. The mortgage market is vast and, at times, difficult to navigate. You may find yourself thinking.
Where on earth do I start??
What is a
Mortgage?
- A mortgage is a loan that you use to buy a property.
- When you buy a home, you’ll put down a cash deposit (usually at least 5% of the property price) and pay for the rest using a mortgage from a suitable lender.
- You then pay the mortgage plus interest back in monthly instalments over a set number of years (in most cases).
The process of buying your first home can be daunting. The mortgage market is vast and, at times, difficult to navigate. You may find yourself thinking.
Where on earth do I start??
What is a
Mortgage?
- A mortgage is a loan that you use to buy a property.
- When you buy a home, you’ll put down a cash deposit (usually at least 5% of the property price) and pay for the rest using a mortgage from a suitable lender.
- You then pay the mortgage plus interest back in monthly instalments over a set number of years (in most cases).
Our honest and committed team will search through thousands of mortgage deals on your behalf, striving to find the most appropriate mortgage for you in your current circumstances. Whether you are buying alone or with a partner or friend, In2Mortgages are here to help!
Did you know…
It’s a good idea to have a Mortgage Agreement in Principle (AIP) before you start house hunting. An AIP is an indication that you could borrow a specified amount, based on details you’ve provided about your income, spending and debts. Our team, at In2Mortages are able to obtain this for you. It most cases we can get this to you within a couple of hours. The reason its so important is because it shows the agents you are serious about buying, well prepared and able to proceed with a agreed offer (fingers crossed) efficiently.
Contact us now to discuss your first-time buyer options.