Choosing The Right Residential Mortgage – Facts For UK First Time Home Buyers

Fogg Financial has published an article covering choosing the right residential mortgage, which is aimed primarily at first time home buyers. The article is available for viewing in full at

Fogg Financial has published a new article entitled Residential Mortgages, which sheds light on the most important aspects of choosing the right residential mortgage for first time home buyers. People who think they’re ready to buy their first home, but don’t know the basics behind getting a mortgage and other interested individuals can view the full article at

The article includes several interesting pieces of information. For example, understanding how much one can (or should) borrow is not always a clear cut multiplier, as each lender will have their own unique set of criteria to judge with. This should be of particular interest to first time home buyers because whether they’re purchasing their first home by themselves, or with a partner, the final decision of how much they can afford will come down to how much disposable income the lender believes they control.

One of the most important pieces of advice the article tries to convey is that a personal residential mortgage broker can help assess which lender is most likely to understand a particular set of circumstances and offer the sum needed for the dream house. The best example of this is perhaps found in the following extract:

‘The majority of lenders use an ‘affordability’ calculator, which takes into consideration all of your incomings and outgoings. They are doing you a favour here making sure you can genuinely afford the new mortgage! But, as a very rough guide, and this will almost certainly not be 100% accurate in most cases, a lot of lenders will use an income multiplier as a starting point.”

In discussing the article’s creation, Damien Fogg, Adviser at Fogg Financial said:

“If you’re searching for a property – whether it’s for yourself or as an investment – did you know there’s over 14,000* products to choose from? A lot of them won’t be available to you, for one reason or another. But are you honestly confident of knowing the best lender to go with, or which is the right mortgage product for you? This article was written to help you examine more closely exactly what are the most important factors for you, and figure out how to ask the right questions to discover which lender and which product is most likely to suit you.”

Regular readers of Fogg Financial will notice the article takes a familiar tone, which has been described as ‘straightforward, painless and possibly even mildly entertaining’.

Anyone who has a specific question about a past, present, or future article can contact Fogg Financial via their website at

The complete article is available to view in full at

Release ID: 494129