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First Time Buyer Mortgages

Buying your first home can be a daunting prospect.

When you're a first time buyer, there's a lot to think about from where you want to live, to what style of property and that's before we start talking about a mortgage.

Saving for a deposit may seem like a never ending task, however, our low deposit mortgages can make this achievable more quickly. 95% loan to value mortgages may have a higher interest rate than mortgages at 75% loan to value, however they do enable you to purchase your home sooner and hence start using your monthly payments towards reducing your mortgage rather than going to a landlord or sitting in a savings account.

Deciding on the right time to stop saving and buy is a decision requiring careful consideration and seeking the advice of an independent financial advisor may be beneficial to help make sure you are making the best decision possible.

When you talk to us about your mortgage we will ensure that it is affordable for you now and also in the future, should interest rates change.

At Ipswich Building Society we undertake what is often referred to in the industry as 'manual underwriting'. This simply means that our mortgage experts review each and every mortgage application on its own individual merit - we don't use a computerised system, so you won't get a 'comptuer says no' response.

 

Please note that our mortgage products are generally only available to direct applicants in England and Wales and via intermediaries based in, Suffolk, Norfolk, Essex, Cambridgeshire, Bedfordshire, Hertfordshire and Buckinghamshire. Please check the individual product details for the availability.

From time to time we may offer exclusive products through our brokers. Please contact us for further details.

 

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Your home may be repossessed if you do not keep up repayments on your mortgage.