Buying Your First Home

05/11/2019 by Carol Morton

Carol Morton, one of our expert mortgage advisers, explains everything you need to know about buying your first home.

Video Breakdown:
0:44 – What Is the Definition of a First-Time Buyer?
0:58 – Why Does It Matter If You’re A First-Time Buyer?
1:20 – Reasons Why You May Not Qualify as A First-Time Buyer
2:17 – Taking Out a Mortgage
2:42 – Loan-To-Value
3:07 – Loan Security
3:31 – Monthly Payments
3:51 – Repayment Mortgage
4:17 – Interest-only Mortgage
4:48 – Interest
5:21 – Interest and Capital
5:53 – Term of Your Mortgage
6:18 – Deposits for First-Time Buyers
6:41 – Large Deposit
6:58 – First-Time Home Buyer Benefits
7:59 – Help in Raising a Deposit
9:07 – Help with Low Deposit
9:51 – Shared Ownership
10:12 – Additional Costs
13:23 – Steps to Buying a Home for the First Time
13:35 – 1. Talk to a Mortgage Broker or Adviser
13:57 – 2. Find a Property
14:09 – 3. Put in an Offer
14:32 – 4. Offer Acceptance
14:42 – 5. Make a Formal Mortgage Application
15:03 – 6. Conveyancing
15:28 – 7. Exchanging Contracts
15:53 – 8. Completion
16:19 – Insurance
17:12 – Summary

Categories: Guides

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