CALLING FIRST TIME BUYERS
If you are a first-time buyer and looking at getting onto the property ladder, then here are a few steps to take before you do. The first one is choosing me as your mortgage broker, of course
CREDIT REPORTS - obtain your credit report(s). This will show you your ratings and see how your account has been conducted over the last 6 years, which the majority of lenders will look at. This will also give you the opportunity to review, dispute, or download your report.
BUDGET - Realistically think how much you can comfortably afford on a monthly basis. It's not about how much you can lend it's about how much you can afford. BE REALISTIC!
DEPOSIT - Look at how much deposit you have or what you need to obtain based on your property value range, which is typically a minimum deposit of 5%.
INCOME - What income do you have, and what can be used towards the mortgage? This is to assist in your affordability.
COMMITMENTS - How much do you pay out on a monthly basis, which also falls into your budget as this will give you a rough indication of how much you can afford.
Once this is done, contact me, and we can progress things further, I have over 213 Vouchedfor, and I love helping my clients out with their mortgage aspirations
What's that saying 'fail to prepare, prepare to fail' get yourself prepared now!
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