
Are you looking at purchasing your first home in Cardiff?
Looking at getting onto the property ladder in South Wales?
Looking at moving home in Barry?
Then keep reading, I wanted to focus on first-time buyers and home movers, as the market is still very active with Zoopla releasing some statistics that First-time buyers are the larger percentage of clients that are purchasing properties right now.
Now more than ever it’s important for you to know the mortgage process that you will be going through and why its important to get a mortgage broker involved at the very start of any mortgage application process.
Why?
You want to make sure that when you are purchasing a property that you are in the best possible position, here are a few reasons why:
- You know your monthly budget.
- You know what property values you can look at to achieve this budget.
- You have a decision in principle in readiness to make formal offers.
You will be surprised at how many people start looking at houses, even putting their own houses on the market without looking at their mortgage options.
Our experienced Mortgage Advisers will help you with your mortgage journey, to make this the most painless experience possible. Just because you currently have a mortgage for x amount does not mean your lender will still accept you, this is because they will still need to complete an affordability calculation to see if you can still afford the mortgage.
If your circumstances changed, you’ve taken out more debt, you have changed employment or your credit file isn’t the same, these are the main factors the lender will look at when assessing you.
Get in touch now, if you would like more information.
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