Buying your first home is getting easier
With mortgage rates failing and property price increases slowing and in some regions falling, could it be the perfect time to buy your first home?
Research from Defaqto shows the average two year fixed rate mortgage available with a 5% deposit fell to 3.46% in 2018 from 3.98%.
Based on a mortgage or £200,000 over 25 years that is a monthly saving of £56.
Even lower rates could be available if you opt for the Help to Buy Scheme available to first time buyers and some home movers on new build properties.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP THE REPAYMENTS ON YOUR MORTGAGE.