When getting onto the property ladder it can be a dreadful thought as you can get advice from all of your friends and family that may be contradicting. That is why we are here, to give you the best advice we can. Our advisors will assist you in the process of finding out how much you can borrow, getting a breakdown of the costs that are involved in getting your first mortgage, obtaining an agreement in principle, making you a qualified purchaser and a desirable buyer for many estate agents. When you are looking to get a mortgage the bigger the deposit the better as a lender will see the deposit as protection, this is because when a lender is deciding to accept your mortgage application they will have to think about the challenges you might come up against while you have this mortgage, this can be periods of unemployment and lower-income. To get a better mortgage you will want to be saving as much as you can each month, reduce your outgoings each month, reducing your debt or being debt-free, in possession of a clean credit rating. The bigger deposit you put down on the property the less you will have to repay every month. You can also see if the government have any help to buy schemes available to you, these can help people buying newly built homes. provided that the buyers can put down a deposit of at least 5% the government will lend up to 20% of the purchase price of the property. This means that the buyer only needs to get a mortgage for the remaining 75% of the purchase price.
If you are interested in our services please get in contact with us and we can talk you through the whole process and answer any of your questions you have.