First time buyer: Pitfalls and advantages Part two

WAITING to sign the final papers on your first home is daunting as last-minute hitches can delay the sale of a property by up to a few months.

But for the majority of buyers, everything rolls smoothly once they have put in their bid and the vendor agrees to it. Deciding on what type of mortgage to purchase can be confusing.

Banks and building societies offer a wide selection of mortgage packages and to find the one best suited to you it’s advisable to talk to a few mortgage brokers.