Four out of five first-time buyers say that using a mortgage broker helped the process of buying a property according to a survey by Comparethemarket.
The comparison website’s research highlighted that almost 80 per cent of first-time buyers found using a mortgage broker “added value”, while 11% said they would be too nervous not to use one when buying their next home.
In a poll of over 2,000 homeowners, the survey demonstrated that 15% wish they would have haggled more on the price of the house when buying their first property. The research highlighted 10% of respondents felt they made a mistake in using all of their savings to fund the deposit on their first home, leaving them with no emergency savings and an inability to do any work to the property. Additionally, 6% wished they had ensured the survey was more thorough.
Aaron Strutt, product director at Trinity Financial, says: “We work with lots of first-time buyers to let them know how much they can borrow and the most suitable mortgage lender and rates for them. There was an increase in the number of first-time buyers almost immediately after the stamp duty limits were changed.”
Call Trinity Financial on 020 7016 0790 to secure a first-time buyer mortgage