Property prices are at an all-time high and there doesn’t seem to be a decrease any time soon. What does that mean for the first time buyer? Mortgage lenders would usually expect at least 10% down before offering a reasonable mortgage contract. With the current market being the way it is, the down payment alone could be almost overwhelming to most prospective first time buyers. But with the cost of housing on the rise, it has become essential for mortgage and lending companies to discard the usual 10% deposit in exchange for a more affordable percentage, and in some cases, no deposit at all. Money Magic can help you find a lender to suit your needs. Whether you are looking for a First Time Buyer Mortgage or you want to remortgage your existing home, you can use their online mortgage calculator to find out what you should expect to be able to borrow. You can also get a mortgage quote or apply for a mortgage right on their website. Money Magic’s mortgage quote application is a useful tool, especially for first time buyers looking to find a mortgage that they can live with.

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