Recent figures published by the Council of Mortgage Lenders show that the number of first-time buyers has reached a six year high. In response to this Tiger.co.uk has published a guide for those who are considering buying a home for the first time
Data published by the Council of Mortgage Lenders shows that in May 2013 25,100 home loans were awarded to people buying their first property. This figure is the highest monthly total since 2007 and shows an increase compared to the figures released at the start of the year.
Tiger.co.uk, better known for providing cheap car insurance quotes for motorists, has released the guide to help those starting out on the journey toward purchasing their first home. It provides guidance on the steps to take when considering a mortgage and points to a few resources on the website that can help homebuyers when they are shopping around.
Tiger.co.uk now offers shoppers the ability to compare loans, current and savings accounts, credit cards and, most recently, a wide range of mortgage products. To help shoppers to make informed decisions when researching and taking out these products a series of guides are being produced and hosted on the site.
The new mortgage guide covers information on saving for a deposit, seeking out the best deal on a mortgage and how to go about making an offer.
Andrew Goulborn, Commercial Director of Tiger.co.uk, commented: “The new guide aims to provide shoppers with all the information they need to approach a new house purchase with confidence. The addition of the personal finance products and associated guides is part of our continued commitment to offer our shoppers more than just a car insurance comparison service
. Visitors to the site can find the new mortgage comparison service linked under the money section at the top of the homepage.”