The outcome of the recent budget was that there is not much help for first time buyers and they are all wondering how and when they will be able to afford a mortgage and purchase their new home. A time that should be exciting is now a stressful, worrying and drawn out process of saving for a deposit of 10% - 12% of the property price which if you are on a low salary, can take a long time especially if you are buying on your own. You also have to look at getting a mortgage and a lot of buyers are also waiting till the interest rate drops before they look to buy a property. Some lenders give money to people who can not afford the re payments and in the long term may loose the roof over their head. There are other options, such as buying with friends or getting a bargain at an auction but some have complications and are not suitable for everyone. So be prepared, be sensible and make sure you have enough funds in place and speak to our independent mortgage advisor Mark Veness of Approved Mortgages and Loans who will no doubt be able to get you a great rate.