Get prepared
A lot of information required for your first mortgage application including payslips, bank statements and identification. Get these ready in advance so you have accurate figures.
know your credit score
Having unknown adverse credit on your credit file is very common! Make sure to check your credit file as it could affect your borrowing and the lenders you can access. It’s extremely common we meet people who are very sensible with their finances and who have no idea they have bad credit, sometimes it could be they forgot they signed up to a score credit card years ago and never paid it off. We always recommend Check my file but remember they charge a fee if you don’t cancel before the end of the free trial.
start budgeting
A budget gives you a clear idea of the costs of running your home. It also gives you an idea of how much you can afford to spend on your monthly mortgage payment. Try our calculators to find out what you could end up paying each month and see what that leaves you with each month.
get saving
Mortgage companies will offer lower rates to those with bigger deposits. Not only could it reduce your monthly repayments but people always seem to forget about the other costs of buying a property. Moving costs, stamp duty, and conveyancing fees are some of the costs people don’t budget for. Factor these in early when planning for your first mortgage.
speak to an expert
We can hold your hand throughout the whole process and also find you the best deals in the market. Feel free to reach out to us. Our details can be found here.
