Buying a house for the first time can be an extremely daunting prospect, especially as you are entering unfamiliar territory. A large number of mortgage options are available from an endless number of providers, and establishing one is a complex process that requires a solid understanding of legal and financial jargon.

There are many elements and costs involved with first time buyer mortgages which, if setup correctly, will form a solid base to make the rest of your life as a home owner as effortless and as financially beneficial as possible.

One of the most important of these is the interest rate and the various types of insurance available, from mortgage payment protection insurance to life insurance or home insurance. You may wish to buy a home with a partner, friends or family members.

Other requirements as a first time buyer include:

• A deposit
• Lenders fees and Charges
• Removals/ or moving in charges
• Stamp Duty Land Tax (0% up to £250,000 for first time buyers only)  2010 HMRC Tax thresholds
• Surveyors Fees
• Land Registry Fees

All aspects and options will be explained in a language you understand. 

Contact Think Financial Solutions on 0800 028 3318 for further details