First time buyers should not be hit by a large number of repossessions, one expert has predicted.
Paul Holmes, operations director of Firstrung, explained that while first time buyers might have to make some sacrifices, it is unlikely that many will lose their homes as their mortgages are relatively small.
Mr Holmes said: "Over the last two years the average first time buyer mortgage has been £115,000 [and] the average first time buyer buys as a two party couple. A £115,000 mortgage shared between two recent first time buyers both in work is very manageable."
However, those who have a mortgage of more than £250,000 might struggle if their payments increase dramatically, he added.
Mr Holmes' comments come after figures released by the Ministry of Justice revealed that the number of mortgage possession claims increased by 16 per cent in first quarter of 2008 when compared to the previous three months.
First time buyers 'least vulnerable to repossession threat'
Mortgage Quote Line
0845 108 0505
First time buyers 'least vulnerable to repossession threat'
Tue, 13 May 2008
Recommended links
The UKs premier mortgage portalMortgage quote form
Mortgage calculator
Stamp duty and mortgage deposit calculator
Mortgage arrears guide
Repossession information
The relationship between mortgages and house prices
What is negative equity?
Mortgage information for first time buyers
First Time Buyer Shared Mortgages
First time buyers borrowing capacity
Standard mortgages guide
Interest only mortgages
Conveyancing guide
Mortgage payment protection insurance
Guide to mortgage surveys
Mortgage fees and costs guide
Guide to stamp duty
Interest rate changes and mortgages
Key Worker Living Programme
Find a mortgage lender
Search for a mortgage broker
Current Mortgage Rates and Offers
First time buyer mortgage offers
Fixed rate mortgage guide
Variable rate mortgage guide
Second homes hit first time buyers, expert says
Newcastle sets out to help first-time buyers
Change in first-time buyers attributed to new mortgage products
Fall in first time buyers hits housing market
First time buyers saving longer for deposits
New tracker deal for first-time buyers
Morgan Stanley eye up UK first-time mortgages
Abbey: First-time buyers are borrowing more money
New mortgages from first direct
Fewer first-time buyers opt for interest-only mortgages, study shows
First time buyers' spending doubles in 5 years, study shows
South-west immigration may have first time buyer impact, study suggests
Mortgage loans withdrawn by First Direct
First-time buyers already burdened by debt
New fixed rate mortgage available from first direct
Urban first time buyers better chance on property ladder
Competition on increase for first-time buyers
Expert: Student debt does not impact on first-time buyers
Increasing mortgage loans for first-time buyers
HSBC creates advice centre for first-time buyers
First-time buyers not willing to travel, study shows
First-time buyers not copping out
Price fall will help first time buyers
Lack of high LTV mortgages hits first time buyers
Fifty-year mortgages could become a reality for first-time buyers
New three-year mortgage from first direct
First-time buyers blowing their deposit, study shows
First time buyers suffer under higher lending charges
More FirstTime Buyers buddying up for mortgages
First-time buyers' plight worsening, study shows
First time buyers wooed by Manchester
Council of Mortgage Lenders wants first time buyer friendly budget
Leeds Building Society launches new mortgages for first time buyers
First time buyers look overseas
First-time sellers paying more for mortgages
First time buyers optimistic about property prospects
Auctions more buy-to-let than first-time buyers, says expert
First time buyers got more mortgages in 2006
First born get the most help with mortgage loans
First time buyers put off entering market, study shows
Return of the first-time buyers, state experts
Expert claims first-time buyers struggling with mortgages
First direct mortgage rate cut after BoE decision
Openshaw is top address for first time buyers
Rics: First-time buyers can't access housing market
Many first-time buyers can't find a mortgage, study shows
First-time buyers consider abstaining from alcohol, mortgage lender reports
Banks still helping first time buyers, expert says
First time buyers warned not to rush
First time buyers have "unrealistic expectations"
Mortgage expert claims first time buyers priced out of Northern Ireland
New mortgage helps first time buyers, divorcees
First-time buyers urged to be aware of mortgage market
New website for first-time buyers
Persimmon: First-time buyers could miss out in Stroud
First-time buyers seek profits, says expert
Improved mortgage and loan deal for first-time buyers
Affordability to remain poor for first-time buyers
Mortgages direct forecast first-time buyer problems
50-year mortgages for first-time buyers
'First-time buyers struggle continues'
First-time buyers need help, says mortgage lender
AMI calls on the government to help first time buyers
First time buyers warned over unsecured lending
First-time buyers stuck until Olympics, says CIS
Long-haul mortgage deposit for first-time buyers
Fixed mortgages better for first-time buyers, expert says
First-time buyers choose less than ideal homes, says expert
Coventry shakes up first time buyer mortgages
First time buyers benefitting from buy-to-let, mortgage study shows
First time buyers save with Leeds and Holbeck
Scottish Widows aims to help first-time buyers
First-time buyers trapped, expert claims
First time buyers 'to benefit from price fall'
Less first-time buyers in mortgage market
First-time buyers warned over insurance
First time buyers keep housing market moving
First-time buyers struggling in Wales
First-time buyers choose to live near office, research finds
Expert: First-time buyers should avoid 25-year mortgage
First time buyers pay stamp duty in 99 per cent of south, figures show
Buy-to-let mortgage market not deterring first-time buyers, says expert
First-time buyers still paying stamp duty
Average age of first-time buyer is 34, report states
Scarborough launches first ever self-funding holiday mortgage
First-time buyers increasingly rely on parents' money
Inflation for first-time buyers rising, study shows
CML: First time buyers dwindling in Wales
First time buyers put at risk by mortgage lenders, CAI claims
Interest rate decision 'will disappoint first time buyers'
first direct launches limited fixed-rate mortgage offer
Fixed-rate mortgages attract first-time buyers
Rate cut will not help first time buyers
First-time buyers face stamp duty woes, mortgage company warns
First-time buyers opt for shared mortgage, study shows
Potential first-time buyers caught in a trap
More first-time buyers paying stamp duty, figures show
New Britannia mortgage for first-time buyers
Mortgage lender aims to help first-time buyers
Survey: Graduates struggle to become first time buyers
Expert predicts "double-edge sword" for first-time buyers
Rate cut will help first time buyers
First-time buyers may head overseas to fund mortgage aspirations
Mortgages for first-time buyers falling
Woolwich helps first timers buy
Rates dropped for first direct new loans
First-time buyers struggle with higher lending charges, says mortgage provider
First-time buyers need greater flexibility, says CML
New mortgage rate deals at first direct
Potential first time buyers opt for renting
Mortgage affordability harder for first-time buyers, expert claims
Half of first-time buyers can't find a mortgage, study shows
Number of first-time buyers falling
Liberate first-time buyers from stamp duty, mortgage lender says
Budget not much help for first time buyers
B and B launches first-time buyer mortgage
Mortgage figures highlight affordability problems for first time buyers
First-time buyer confusion for mortgage authority
Go for 95%, first-time buyers told
Harder for first-time buyers to find a mortgage in 2007, expert claims
First time buyers look overseas, expert says
Data indicates 85 per cent of first-time buyers choose fixed-rate mortgages
Budget let down for first time buyers
First-time buyers must be helped in NI, experts say
First-time buyers taking mortgages later
Yorkshire a hotspot for first-time buyers, study shows
Climbing southern first-time buyers taking out mortgages
First time buyers see home information pack benefits
First timer buyers warned as lenders tighten belts
First-time buyers' struggles highlighted
100 per cent mortgages for student first-time buyers
First time buyers need 20 per cent price fall
First-time buyers see mortgages more important than marriage, suggests research
Easier help for parents of first time buyers
New mortgage gives first time buyers "best of both worlds"
Expert comments on new first-time buyer mortgage
NatWest looking for first-time buyer mortgage market
First time buyers offered more no-deposit mortgages, financing research indicates
First of a kind mortgage at Leeds and Holbeck
CML: First-time buyer numbers fall
Boost for first-time mortgage holders
Potential first-time buyers struggling, mortgage lender finds
First-time buyers making comeback
First time buyers told to be cautious
Students save towards becoming first time buyers
First-time buyers get advice from mortgage lender
Expense of first-time buyers Government-backed mortgages in question
First time buyers should save deposit wisely
NatWest launches new first-time buyer mortgage product
First time buyers get on London property ladder
First-time buyers stay close to home, study suggests
Interest only mortgages could cause problems for first time buyers
Innovation to help first-time buyers, expert claims
First-time buyer specialist criticises CML
Expert: First-time buyers not always hit by landlords
Wales facing first-time buyer crisis, expert warns
First-time buyers get parental help, figures show
Uncertainty over whether long-term fixed-rate mortgages will suit first-time buyers
Mortgage rate decrease by first direct
Flexible mortgage advice from first direct
First-time buyers still struggling, survey says
First time buyers still need deposit for overseas mortgage
First time buyers will need substantial savings
More discussion of fifty-year mortgages for first-time buyers
First time buyers get special mortgages
First-time buyer tracker mortgage from Coventry
First-time buyers landing nightmare move, study shows
First-time buyers the lifeblood of mortgage industry, expert claims
New mortgage options to help first-time buyers, expert states
Britannia mortgage for first-time buyers
First time buyers look to tracker deals
First time buyers squandering deposits, figures show
First time buyers rely on parents
Research: House buying costs 30% of income in first year
Mortgage lender launches first time buyer services
First-time buyers could have a happy 2006
Income multiples good news for first-time buyers, expert claims
New Abbey website for first-time buyers
50 year mortgages and first-time buyers
Salvation for first-time buyers in Scotland
New Charcol mortgage safeguards first time buyers
Expert: 100% plus mortgages good for first-time buyers
First time buyers, remortgage customers offered improved mortgages
New fixed-rate mortgages from first direct
First-time buyers turning to houseboats
First-time buyers need £35k deposit, study shows
First-time buyers willing to move
First-time buyers face price inflation, study shows
First-time buyers 'face new challenge'
First time buyers boost market
First-time buyers seem to shun advice
Expert predicts more affordable mortgages for first time buyers
Buy to let mortgages impacting on first time buyers
100 per cent plus could help first-time buyers
First-time buyers face big squeeze, study shows
Forces first-time buyers to receive boost
First time buyers returning to property market
First time buyers get 100 per cent mortgage deal
Hips no help for first time buyers
First-time buyers and 50-year mortgages
Stamp duty changes fail first time buyers, mortgage holders told
Home information packs may benefit first-time buyers, experts suggest
HomeBuy scheme to help first-time buyers, states NHF
Young people reveal first time buyer aspirations
First time buyers shows growth, remortgages down
First-time buyers six months from disaster, expert claims
Scottish first time buyers given mortgage boost
Mortgage lender boosts first time buyers
First-time buyers forced to gazunder, expert claims
Mortgage broker sees the return of first time buyers
Mortgage group warning for first-time buyers
First time buyers told to be cautious
Mortgage lenders and government help first time buyers
Alliance and Leicester scoops first time buyer mortgage accolade
New CML NI director plans to aid first-time buyers
Interest-only mortgages for first-time buyers
Duplicate goods could help first time buyer couples
First-time buyers could benefit from interest-only, says mortgage analyst
Parental help needed to become first-time buyers, CML survey shows
Scottish first-time buyers forced out of cities, says expert
More mortgage applications by first time buyers
Affordable housing for first-time buyers
First time buyers find favour
First-time buyers expect help from parents, study shows
Tough situation for first-time buyers, study shows
Fixed-rate mortgages good for first-time buyers
First-time buyers no more affected than others by credit crunch
ODPM: Inflation down for first time buyers
First time buyers looking to the continent
Conditions to ease for first-time buyers
Lenders under fire for axing first-time buyer mortgages
Buy-to-let not hitting first time buyers
First time buyers to benefit from price drop
First time buyers look to family for help, expert states
Mortgage benefit for first-time buyers
Buy-to-let bad news for first-time buyers, company warns
First-time buyers 'should build savings'
Mortgage lender releases guide for first time buyers
First-time buyers pushed out of Chester
First-time mortgages from Northern Rock not risk-free
The changing faces of first-time buyers
First-time buyers know little about the property market, suggests research
New software "a first for mortgage industry"
First time buyers "in favour of debt test"
100 per cent mortgages gaining popularity amongst first-time buyers
First-time buyers facing derelict homes crisis, expert says
First-time buyers in London have lowered ambitions, says expert
Expert: Parents are helping out first-time buyers
First time buyers look for bargain property
Yorkshire offers first time buyers boost
Stamp duty a hindrance for first-time buyers, expert claims
First-time buyers adapt lifestyle to afford mortgage
Cut lending charges to help first-time buyers urges building society
Politicians aim to win over first-time buyers
Mortgage preferences of first-time buyers revealed
First time buyers overlooking property checks, study indicates
Cheaper fixed-rate mortgages for first-time buyers
First time buyers "compromise to afford mortgages"
First time buyers consider lifestyle over mortgage affordability
Mortgage rates slashed for first time buyers
First-time buyers want trendy flats, expert says
Graduate first-time buyers still struggle, report finds
Further difficulties for first-time buyers, expert predicts
First-time buyers could benefit from joint mortgages
HLC mortgage charges an added concern for first-time buyers
Interest-only an option for first time buyers
First-time buyers take on second jobs
New mortgages launched for first-time buyers
First-time buyers to struggle in 2007, expert claims
Good year for first-time buyers predicted
First-time buyers hitting mortgage desperation point
First-time buyers 'missing best offers'
Taskforce launched to help first-time buyers
First time buyers told to save
First time buyers helped with innovative mortgages, expert claims
Abbey relaunches mortgages for first-time buyers
First-time buyers still have debt, study shows
Innovative first time buyers return to market
Halifax offers hints for first-time buyers
First-time buyers struggling with saving money, review finds
Expert: Student debt should not burden first time buyers
Mortgage choices for first-time buyers in UK market
First time buyers 'could benefit from credit crunch'
First time buyers temper mortgage demands, financing study indicates
First-time buyers walk a tightrope, says company
First-time buyers' wages sapped by mortgages
First-time buyers facing higher costs, study shows
Foreign mortgages attractive to first-time buyers, expert claims
Fixed-rate mortgage launched for first-time buyers
Hips not helping first time buyers
First-time buyers warned renovating isn't easy money
First-time buyers should be realistic, says expert
First-time buyer mortgages from Abbey
| mortgages news |
|---|
| Yorkshire Building Society makes mortgage more accessible - Thu, 02 Sep 2010 |
| Lloyds TSB launches new fixed-rate mortgage - Thu, 02 Sep 2010 |
| Skipton launches new mortgage range - Wed, 01 Sep 2010 |
| More News |
Mortgage Rates by Lender 
Worried about Mortgage Repayments?
- Join our petition to Government to bail out burdened individuals, not just banks.
Free Mortgage Quote
Mortgages in Scotland
Equity Release
Switching Mortgages
Home Reversion Plans
Commercial Mortgages Arrears & CCJs?
Remortgages- Sub prime mortgages
- Arrears, CCJs
- Self certification
- Debt consolidation
Protect Your Mortgage