Getting onto the property ladder is a scary and daunting prospect, this is because there is a lot of advice that people give out and a lot of it can be contradicting. Let our advisors assist you through the process from start to finish. Buying your first home will be something that everyone won’t forget, taking your first steps onto the property ladder. Planning ahead of time can give you a huge advantage when it comes to getting the home you really want. In particular, it is hard to overstate the importance of organising the family finances so that you have savings in place to put down a respectable deposit and still be able to afford moving costs. A bigger deposit is always better for you as lenders will see your deposit as protection for themselves and when deciding whether to accept your mortgage application they will think about the possible challenges you might face during the life or your mortgage.
We get a lot of people that come to us that are self-employed and don’t think they can get a mortgage. This isn’t true if you are self-employed you can get a mortgage but lenders are aware of the situations self-employed people can be put in and therefore they have a straightforward process in place to work out exactly how much they will be able to lend you. The amount of income evidence you will have to provide to the lenders varies on the lender itself but most will look over the last two or three years and either average it out or take the most recent year as a basis for their calculations.
If you are interested in our services please get in contact with us to find out more about what we can do for you!
While having an offer on a house accepted may be a cause for celebration, it is actually a fairly early point in the procedure for buying a property. Here is a summary of the steps [...]