Using a mortgage broker to fully handle a mortgage application takes away all the pressure. A broker will also go out of their way to find you a suitable product by scanning the whole of the market, something you know you don't have the time to do.

According to a recent Halifax report which looked into the attitudes and behaviour of the younger generation toward home-ownership in the economic downturn, two thirds (64%) of non-homeowners believe they have no prospect whatsoever of buying a home.

Why? A belief lending is not forthcoming, the unobtainable deposit and a fear of the application process are all responsible.

Commercial director of Halifax Mortgages, Stephen Noakes, said: "Our research indicates just how many potential first-time buyers are not making it to the application stage because of a fear of being declined. We would like to help aspirational home buyers to realise they do have options, that they can apply for a mortgage, and that it is still possible to get onto the property ladder. At Halifax we approve 8 out of 10 mortgage applications from first-time buyers, and it is important that today's potential first-time buyers don't miss out because of the fear of rejection."

First Time Buyer Mortgage Applications need not be Stressful

The report revealed extensive pessimism about the mortgage application process with 61% of first time buyers saying they do not want to go through the stress and anxiety of applying for a mortgage.

But with the help of a whole of market mortgage broker, there is no need for this concern because they completely remove all of the stress by handling mortgage applications on behalf of borrowers. All the forms, the phone calls and the negotiating is covered, leaving first time buyers free to get on with everything else on their home buying to-do lists.

A whole of market mortgage broker will work hard to seek the best money saving deal for first time buyers that will serve them well into the future.

Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.