If you are a first time buyer, no doubt you will have a lot of questions to ask. First and foremost, what are the best mortgage deals for first time buyers? Should I opt for a fixed rate, a capped rate, a discount or a tracker for my first house? How do I get my first mortgage? Should I use a bank, a building society or a specialist lender when I'm buying my first home? How much can I borrow for my first mortgage, and how much will it cost me? These are all questions that we will answer for you in a clear and easy to understand way.

Our website contains a mortgage calculator that will give you an indication of what your monthly repayments could be on any given mortgage, so they provide a useful starting point when buying your first home. Remember, there are plenty of specific first time buyer mortgages out there these days, including 100% mortgages, and guarantor mortgages, all designed to make getting your first mortgage that bit easier.

For an accurate figure on how much you can borrow and what your repayments would be ,please contact us or use our “Quick Response” form.

At Direct Mortgages, we have a variety of mortgages that are tailored to your individual needs. You may want lower payments or the certainty of a fixed rate mortgage - we’re here to help.
We have helped thousands of people to buy their first home or change mortgage lender. At Direct Mortgages we know that everyone in the UK has different circumstances so we offer a range of mortgages for our customers. Please note that mortgages are subject to status and valuation.

A fixed rate mortgage makes it easy to plan ahead, because as the name suggests, the interest rate on your mortgage stays fixed.
This means that as a fixed rate mortgage customer, even if the Bank of England Base Rate or the lenders standard variable rate changes, the interest rate on your mortgage remains constant over a fixed period of time. This makes your budgeting easier, because you can plan ahead knowing exactly how much your monthly repayments will be.

Fixed rate mortgages can be good for first time buyers and anyone on a budget who needs the stability of a set monthly repayment. With a variable rate mortgage your payments may go up and down according to the Bank of England Base Rate. However with a fixed rate mortgage you have the security of knowing the exact amount you will repay each month, despite any changes in interest rates.

You can fix the rate for up to twenty five years, however you may prefer to fix for two or three years.

For further information on the range of fixed rates available, please contact us or use our “Quick Response” form.