This information is intended to provide a general appreciation of the topic and it is not advice.

Your property may be repossessed if you do not keep up repayments on your mortgage.

You can choose how we are paid for mortgages; pay a fee, usually 0.5% of the loan amount or we can accept commission from the lender.

The Financial Conduct Authority (FCA) does not regulate most forms of buy to let mortgage.

When you’re thinking about purchasing a property, you do not only need to think about which mortgage is right for you, but also which interest rate option is the most suitable for your particular situation. Your home may be repossessed if you are unable to keep up with your mortgage repayments, so it is extremely important to choose an option that fits your circumstances.

Buying a property for the first time can be daunting, as it is likely to be the biggest financial investment you have ever made. With so many different mortgage options to choose from, it can be difficult to make the right decision. However, we are here to help you.

Here we have provided some tips for first time buyers who are thinking about purchasing a property. This is simply a rough guide, so if you need in-depth information or advice on anything to do with mortgages or buying property, be sure to get in touch with our financial advisers.

Location is extremely important when buying a home. Think about factors such as how long it will take you to travel to your workplace, proximity to local shops, schools and nightlife, and public transport links. These kinds of issues will not only have an impact on your quality of life, but could also influence any future buyers if you decide to eventually sell up.

Consider what the living expenses will be like in your new property and make sure they fit in with your budget. Essential expenses such as council tax, boiler servicing, electricity and gas bills can all add up. Your estate agent should be able to inform you about what council tax band you will be in.

Think about how much money you will need to spend on your new house, and whether you will be able to afford it. Some properties may require extensive work before they are ready to be occupied, such as electrical rewiring, replacement flooring or new bathroom and kitchen appliances. Even a brand new property may require redecoration and new furnishings. Be sure to factor these expenses into your purchase.

If you use the internet frequently for your work, communication or leisure, make sure that high speed broadband is available in your new property’s area. You should be able to find this out from your estate agent.