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First time buyers Guide

FIRST-TIME BUYERS

Financing your first home

Creative mortgages for first time buyers

As property prices in many parts of the UK have soared to inaccessible heights, the basic options available seem to be: finding a large deposit, taking out a 100 per cent mortgage or joining forces with another party. One in five first-time buyers, for example, now needs parental help to get onto the property ladder

However, there are now other options. More and more lenders are launching mortgages specifically designed to help out first-time buyers who are finding a shortfall between their income and the price of their first property.

Possibilities are:

Always consult a professional to establish which mortgage is right for you and your personal circumstances. Click here to seek advice from Bradford & Bingley on all the types of mortgage below.

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FIRST RUNG NOW

FirstRungNow has been set up to help first time buyers. With prices so high in the UK, many need to be shown what the financing and ownership options are. FirstRungNow is the place to go.

KEY WORKER HOMES

The Key Worker Living scheme was launched in the spring of 2004. Are you entitled?
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SHARED OWNERSHIP

Buy a share of a property, and pay rent on the rest to make it affordable.
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FINANCE YOUR FIRST HOME

If you are thinking of buying a first home, it is important you find out how much you can borrow and you understand the costs and how much deposit you will be able to put towards it.
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