Expert first-time buyer mortgage hunters for over 25 years
You’re new to mortgages, but we’re not. And, did you know that, with our vast network of estate agencies and lenders, we can even help you find a property as well as a great mortgage deal.
Types of first-time mortgages
At Mortgage Matters, we can help you explore the main types of mortgages available for first-time buyers in Kent.
Fixed-rate mortgages provide a fixed interest rate for a set period – usually two or five years, although longer terms are sometimes available. This means your repayments stay the same, helping you to budget more easily. Those seeking first-time mortgages in Kent can enjoy the peace of mind that comes with knowing exactly what they’ll be paying each month.
Our mortgage specialists at Mortgage Matters may recommend considering a variable-rate mortgage as a first-time buyer. With this type of mortgage, the interest rate can go up or down over time, causing your monthly repayments to fluctuate.
An increasingly popular option for first-time buyers in Kent, discount mortgages set their interest rate below the lender’s standard variable rate (SVR) for a certain period of time, usually two to five years. This means you’ll benefit from lower monthly repayments when your mortgage begins, making it easier for you to manage your finances upon moving into your new home. However, your payments can still rise or fall during the discount period since the rate is linked to the lender’s SVR.