The property ladder isn’t out of your reach. At Lloyd Wells Mortgages, we believe that there is a mortgage for everyone. There are definitely advantages to being a first time buyer; interest rates are currently very low (often go in your favour?) and first time buyers are more appealing to sellers because they are not in a chain. Chains can slow down purchases and even collapse, so you have strong leverage when it comes to buying your first home. Before you can get on the property ladder you will need a deposit in order to get a mortgage (there are a number of 95 per cent mortgage deals around- what does this mean in simple terms?). We can advice you best once we know your deposit figure and financial situation.