Buying your own home for the first time is very exciting. It can also be rather daunting as you realise the responsibility that goes with owning a property. That’s where Direct Line’s first time buyer mortgage comes in.
At Direct Line we have a range of fixed-rate and discount tracker mortgages which are easy to understand and quick to arrange – typically it takes about six weeks. If you’re the sort of person who prefers to know exactly what your monthly outgoings are so you can budget accordingly, a fixed-rate mortgage (which can be fixed for 2, 3 or 5 years, according to preference) might suit you best. Our online mortgage calculator can help you do the initial sums.
If you don’t mind an element of uncertainty but would like to benefit immediately from any reduction in interest rates, then our two-year discount tracker mortgage may be more suitable (though bear in mind that the rates can go up as well as down).
If you’re a first time buyer, don’t forget you’ll also need home insurance – Direct Line offers a good deal better – we offer 12 months cover for the price of 9. Plus, the good news is, arrange any Direct Line mortgage and you’ll get 20% off your home insurance costs for the next two years. (Monthly payments will be spread across 12 months) So, before you arrange your house insurance, get a quote from Direct Line and see how much you could save.
So if you’re a first time buyer, check out Direct Line’s mortgages and apply online today.
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