Compare Flexible Mortgages Providers

How to get on the property ladder

Getting a foot on to the property ladder is harder now than ever. With house prices rising far quicker than inflation, many first time buyers simply do not earn enough money to be able to buy a home.

So what options are available to you?

First of all, ask your parents. Could they release some of the equity in their home to raise a deposit for you in the form of a secured loan? Or would they be willing to act as a guarantor? A guarantor is where they agree to be liable for the mortgage should something go wrong.

Secondly, consider buying a place together with friends. Certainly, having three people buy a property means you can borrow a lot more money.

Another option is a shared ownership scheme. You tend to pay around 25% of the property\'s worth, and then pay rent on the remainder. You will have the option to own the house outright in the future. See www.housingcorp.gov.uk. for more information.

With these first two options, ensure that you draw up a proper legal agreement between yourselves as relationships can go wrong, however close you are.

And, finally, no matter how desperate you are to own your own place, make sure that you don’t over stretch yourself with a mortgage. Affordability is the key. After all, there is no point having your own home is you are too cash strapped to be able to do it up or furnish it!

Bad Credit High Multiple Mortgages : bad credit mortgages no deposit required ... through other mortgage providers in the skipton group of companies such as amber home loans and pink ... the cost for this can range from a few hundred to several hundred pounds depending on the type of property

Can I Get A 100% With Bad Credit Mortgage : how do i get morgage with bad credit ... variable-rate mortgages; flexible mortgages; 100% mortgages; ... - as well as other associated costs such as home insurance, council tax, utility bills and any property

Mortgages For Bad Debt Clients : morgages for bad debt uk ... formerly the national provincial bank and the westminster bank, these two financial organisations merged ... they will have to find it elsewhere - or they could lose their home