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Leeds, West Yorkshire
First Time Home Buying Guide - Page 1 of 11:
Welcome to the Shire Direct essential First Time Home Buying Guide - our guide to everything you'll ever need to know about buying your first home and your first mortgage, together with details of how Shire Direct can help.
As there is a lot of ground to cover in our essential First Time Home Buying Guide, we've decided to break this guide up over several pages, with each individual page being accessible from the yellow coloured panel on the right hand side of every page within the guide, so you can either read the whole guide from start to finish or easily dip in and out of the pages that interest you at your leisure.
In the essential guide to First Time Home Buying we'll take a look at the various parties involved in the home buying process and the role they play. We'll also take a look at the House Buying Process itself, and exactly what's involved. We'll explore the different payment methods available for making repayments on your first mortgage, and look at whether a deposit is a necessity or not.
You'll more than likely be itching to know how much you may be able to borrow, so we'll explore that too, and we'll also discuss the provision of mortgages for those who happen to be self employed and are seeking income self-certification. Wherever appropriate you will also find links to more detailed information within our Mortgage Glossary which we hope you will find useful.
If you are buying your first home there's a good chance you may not have heard of, or understand the many different types of interest rates and mortgages that are available, so we'll discuss these at length, and point you off to more detailed information wherever appropriate.
Getting on the Housing Ladder has proved to be problematic for the first-time buyer with the seemingly unstoppable rise in house prices in recent times, so we'll investigate other possibilities to help first time buyers get a leg up on to the housing ladder, such as parental assistance, Joint Mortgages, Guarantor Mortgages, Off-set Mortgages, Mates Mortgages, Graduate or Professional Mortgages, High Loan to Value Mortgages, Shared Ownership and Shared Equity Mortgages.
As a first time buyer you're probably also concerned about the costs involved with buying your first home, so we'll discuss the various costs and fees that you are likely to encounter when it comes to buying your first home.
Finally, we'll take a look at how Shire Direct can help when it comes to buying your first home and your first Mortgage, and provide a list of further useful resources you'll find throughout our site.
We do hope that you will find our First Time Home Buying Guide to be both useful and interesting. Remember, we're here to help, and would love to hear from you. Don't forget you can call us on Freephone 08000 282 281 (lines open 7-days a week from 8am until 10pm) to discuss your requirements, alternatively you may wish to enquire online at any time, its quick and simple to do, and there is no obligation.
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The overall cost for comparison is 9.8% APR.
The actual rate available will depend upon your circumstances. Ask for a personalised illustration. APR variable and based on a usual case. Most customers are likely to receive a lower rate or the same rate as our overall cost for comparison rate - learn more about APR.
There are no upfront broker fees.
However, a fee may be charged on successful completion. An indication is that on conforming cases (straightforward applications with no or minimal adverse credit) a fee may be charged of up to 1% of the amount advanced, typically £795 and will depend on your circumstances.
For non-conforming cases (where case research and processing may be more complex due to adverse credit or unusual circumstances), a fee may be charged of up to 3% of the amount advanced, typically £1,995.
THINK CAREFULLY BEFORE
SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED
IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Adding existing debt to your mortgage will increase the repayment term and overall cost.
Over £2,000 worth of Argos Vouchers to be won in the Shire Direct Grand Prize Draw 2008! Terms and conditions apply - please read article for full details.
Claim £100 worth of Argos Vouchers upon completion of your transaction throughout 2008. Terms and conditions apply - see our Vouchers Special Offer page for full details.
Shire Direct and Shire Direct Mortgages are trading styles of Shire Processing Centre Limited which is
Authorised and regulated by the Financial Services Authority in respect of regulated mortgage products and general insurances.
Registered No: 302389. Commercial funding and Secured Loans are not regulated by the FSA.
Licensed Credit Brokers. Consumer Credit Licence Number: 349999.
Shire Processing Centre Limited is registered under the provisions of the Data Protection Act by the Information Commissioners Office: Registration No: Z6795249. Registered in England & Wales. Company number: 2732202. Telephone calls may be recorded for training, monitoring and security purposes. All applicants must be aged 18-years or over.