by Rachel Crook
Catherine Hearnden, director of MyMortgageDirect, says that it is important that first-time buyers seek advice.
This particularly applies to when they are seeking a mortgage but could be extended to the whole process of buying a house for the first time.
"I fail to see how a first-time buyer can go and sort themselves out a mortgage if they have never bought before, they are not aware of the terminology and they have never been through the process before," she says
Ms Hearnden adds that it is "absolutely vital" to get advice, so that they can put away the rent book and own their own home.
This has been underlined by a recent study of first-time buyers by Halifax, which revealed that 19 per cent could not correctly identify what a completion date was.
Published on: January 30, 2009