Getting a first time mortgage has never been more difficult, as the unsteady economic climate and uncertain housing market has forced both borrowers and lenders to tighten up their belts, but here a few tips that could help you to make your first mortgage a solid and secure credit investment.

Short Term Fluctuations
The main problem with the current housing market is that it is very uncertain, and it can be difficult to judge when the right time to buy is. You may buy a house only to find that 12 months later the prices have fallen by 5% or even more, but it is important not to panic, and to remember that the market always comes around again if you wait.

Deposit
You are much more likely to get a better first time mortgage deal if you are able to put in a deposit of up to 15% on your own, so it is worth waiting and saving as much money up as you can, as this could literally save you thousands in the long term on interest.

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