Rainbow can help First Time Buyers to arrange the mortgage they need...

A First time buyer is someone buying a property that has not previously owned a home, and therefore does not have one to sell.

Buying your first home can seem intimidating, especially when faced with many different loan types and interest rates on the market.

Also with increasing house prices and bigger deposits required, many first time buyers find it harder then ever to get there foot onto the property ladder, however, there are actually some advantages to being a first time buyer:

First time buyers are more appealing to sellers because they are not waiting for a property to be sold.
First time buyers are much sought after by mortgage lenders.

Understanding mortgages as a first time buyer can be very confusing. As the mortgage deals change and fluctuate year on year. At Rainbow we can offer professional and qualified advice for exactly that type of person. Our team can handle everything to do with the purchase of your first property. From liaising with the Estate Agent to discussing all the legal issues relating to the purchase of your new home.

There are plenty of specific first-time buyer mortgages out there these days, including shared ownership, guarantor mortgages and 100% (or no-deposit) deals. Mortgages are also available for Key Workers, Home buyers schemes and in some instances you can buy with a Housing Association (shared ownership).

Remember at Rainbow we don't just arrange your mortgage we help you the whole way through the process. Handling many of the problems that can arise when doing this transaction.