The Bank of England’s speculated rise in interest rates is likely to hit those seeking mortgages with the highest loan to value the hardest. Typically these are first time buyers with the minimum 5 percent deposit. Across the board mortgage rates for this group struggling to get on the housing ladder are the highest and often an enticingly low interest rate is front loaded with lender set-up fees. What are the options? Shared ownership, equity loans and Help to Buy ISA’s are amongst the products available to help first time buyers but each must be fully costed and considered across the longer term. Our brokerage team at Ask About Mortgages can help. There’s absolutely no fee for any first time buyer mortgage consultations and no obligation to proceed. We look forward to working with you.