A lot has been written recently about how the current property market is making it difficult for first time buyers to get on the property ladder. Although this is true, there is no shortage of people looking to take their first step into home ownership. If you fall into this category, there is a lot of consider. So much in fact, it pays to invest in first time buyer mortgage advice.

Depending on what mortgage you get, first time buyer mortgage rates can vary and will be based on many different factors. A qualified mortgage adviser who specialises in first time buyer mortgage advice will show you a range of products which suit your situation perfectly.

There are a range of first time buyer mortgages which include:

 If you have a degree or a professional career, you could be offered a higher lending amount through a graduate mortgage deal. Graduate first time buyer mortgages can vary so make sure you seek advice before deciding on this option.

These mortgages look at the amount you’ve been paying for rent and use this as a yardstick for how much you could afford to pay back with a mortgage. This is particularly appealing to those who have been renting for a long time and wish to make the step into home ownership.

It is not uncommon for people to buy a home with a friend or family member.  If you want to share the cost of a mortgage you can with joint first time buyer mortgages.

Whatever your specific situation, make sure you get the best first time buyer mortgage rates by taking advice from a qualified mortgage broker. They will be able to assess your situation and offer first time buyer mortgage advice on all of the specialist mortgages on the market.

Make sure they are a whole of market independent mortgage adviser so that they source deals from the whole market – improving your chances of finding a mortgage which is a perfect fit.

Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.

Bower Mortgage Company: FSA regulated UK-wide mortgage advice from friendly, qualified, experienced mortgage planning specialists.