For first time buyers of a mortgage, the housing and lending market can be intimidating.  Although the current housing market has made it difficult for first time buyers, schemes such as the key workers scheme and other similar schemes give you a helping hand if eligible under their criteria.

If this is not an option, a parent or relative can be your guarantor , although there arnt many lenders that do this at present. the guarantor signs that they are responsible for the property if you fail to make the payments, allowing you to borrow much more than your income would warrant without their aid.

Think carefully before securing other debts against your home. Your property may be repossessed if you do not keep up payments on your mortgage.