The Virgin Birth 03/01/2011
 
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It's been a long pregnancy, but here we are.  A collective cheer, and a little sob as an idea is born.

Passion for property starts at an early age in the UK: 8 out of 10 teenagers intend  to buy in their twenties.  The reality, however, is that the majority of us are poorly equipped to do so - particularly now easy access to finance has all but evaporated.

But even aside from the issue of finance, the process is highly complex and incredibly daunting.  So we're faced with a collective urge to do it, but don't really know how.

That will be the last virgin-related metaphor you'll read on this site, but the analogy is a good one.  Those in our twenties and even early thirties don't really understand the ins and outs of property purchase, and despite our enthusiasm to give it a go there are surprisingly few places to go for advice.

Our parents are often our most trusted source of sound and solid advice.  But they bought their first house several decades ago, probably for the same price as your first car, and things have changed dramatically since.

Friends can be useful, but at some point you need to discuss cash.  And who wants to talk about salary, savings and investments with their friends?  The banks employ good people and will try to do the right thing; but they have a vested interest and ultimately just one thing on their mind.  Independent Financial Advisers are in the same boat, and are often even more daunting to approach.

So we have the web.  Hoorah for t'internet!  Sadly, until now, first time buyer resources have been pretty poor.  Sites rammed with ads for brokers or mortgage providers; content stolen from magazines and re-puporsed without much thought; and even the odd site actually created by brokers and dressed-up to look independent.

And that's why Mortgage Virgin has come along.  It's intended to be a place for first timers to find out what they can about property purchase from other people who are either in the same boat or a handful of trusted experts.

The site has been founded and will be managed by someone like you.  It's for fun and whenever an ad does appear, it will be clearly sign-posted as such.  It will only succeed if its users are prepared to share their own experiences and knowledge along the way. 

So welcome.  Wipe your feet and come in.  If this site could make you a cup of tea, it would.  Instead, make your own and take a moment to have a look around.  We're very proud of our first little digital home and hope that it will help you find your first real one.

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