First-time buyer and looking for the right mortgage deal and rate for you? There’s a bewildering amount of choices out there, but if you’ve got the time and the patience, you can do an online search that could source a great deal for your first home.
Each of the big lenders obviously has its own website focusing on its own products, but to gauge the best deals available, it makes sense to get more than one quote. Newspapers both print and online, are another good source of information about good mortgage offers.
Here we give you the rundown on the most popular places to list the most up-to-date mortgage deals, lending rates and lender reviews for first-time buyers.
www.which.co.uk – Consumer champion Which? has its own introduction to mortgage advisors while also providing comprehensive reviews and ratings on the UK’s mortgage lenders, allowing buyers the opportunity to weigh up lending choice before applying.
www.moneysavingexpert.com – The UK’s biggest consumer website has a dedicated section that outlines the best mortgage deals of the day and updates them from minute to minute.
www.moneysupermarket.com – The price comparison site’s dedicated first-time buyers’ page allows users to compare mortgages across the lending market and proceed with an application directly.
www.uswitch.com – Another price comparison site, uSwitch tracks the best mortgage deals of the day for consumers.
www.moneyfacts.co.uk – On this price comparison site that focuses on the most-up-to-date financial information, you can compare mortgage deals and check the site’s Best Buy options, which they insist are independently chosen and not paid endorsements.
www.comparethemarket.com – The comparison site provides an in-depth guide to the types of mortgage available and comparisons on the best deals on the market.
If you’re a first-time buyer, check out Homeward Legal’s comprehensive First-Time Buyers’ Hub where all your questions about purchasing for the very first time are covered in detail.