Tips For First-time Buyers in Cambridge

Buying a house is a big decision for first-time buyers in Cambridge as it is anywhere in the world.

Mortgage Advice for First-time Buyers in Cambridge

Unless you get the correct mortgage advice, things can get confusing, stressful and time consuming for you. It can become even more stressful later if you have acted without the sorts of full information that an adviser would provide.

At The Mortgage Bureau, our mortgage advisers will help remove the confusion, save you time and provide the correct first-time buyer mortgage advice.

Being an independent mortgage broker here in Cambridge, we are not tied to any lender or estate agent. When we have a full understanding of your current situation this allows us to match you with the most suitable lender.

Because we want to help our customers make the right decision as first-time buyers in Cambridge, here are some tips you should consider:

• Responsibility: All lenders will check your financial situation so you should be in a position to show that you are responsible. For example, pay off your credit card bills and other debts on time to show that you can be responsible for the mortgage payments. That way you build up a healthy credit history that shows that you can be trusted.
• Save Hard & Boost Your Savings: As a first-time buyer, you should be prepared for the deposit and the mortgage repayments. Work out how much cash you are left with at the end of each month. Instead of keeping it in your current account, it should go straight into a savings account. That way you will not be tempted to spend it. Similarly, you should look for ways to boost your monthly savings. Cut down on any expense that isn’t benefitting you or your family. The bigger deposit you have, the better choice of mortgage deals you will have.
• Choose Your Mortgage WisCambridge: While our experts will help you get the right mortgage deal, you should still choose it wisCambridge. The most important factor to consider is the overall cost of the deal, not just the interest rate. Don’t get tricked with a low rate deal, as it may come with fees and other charges payable at a later date. We will point these out to you.
• Compromise: Sometimes things don’t turn out the way we expect. It could be the location of your new property, or its size or its condition. Being able to compromise on any of these things could make the world of a difference for you, especially when it comes to buying your first home.

About Cambridge

Cambridge needs no introduction being famous for its university, currently one of the best in the world, and its scientists. It is the town where: the atom was first split, where the structure of DNA was discovered, where Charles Darwin developed the theory of evolution, where Newton developed his theory of gravity, where the order of human DNA was first discovered, where the electron and neutron were discovered, where Stephen Hawking of black-hole fame used to live and work. It has been home to some of the great thinkers of the last 500 years.

The Mortgage Bureau, Wellington House, East Road, Cambridge, CB1 1BH | Telephone 01223 656412 | Website | Facebook