Book an appointment with your local mortgage broker.
Getting started is often the hardest part. Book a free initial consultation and get the information you need and the answers to all your questions. In today’s very busy housing market both estate agents and vendors will be much more likely to book a viewing or accept an offer from a purchaser who is prepared with a Decision in Principle and other relevant information in advance. We can also guarantee you, yourself will feel much more confident and informed.
Evidence your income
After the last couple of years lenders have tightened up on their income and affordability assessments. They may ask for additional information during the application process to evidence your income or request proof of funds or deposit, especially if it is gifted deposit from family or friends. Be prepared to provide any additional information if requested to ensure your application progresses as swiftly as possible.
Things may still be taking a little longer right now. Working from home, changes in processes for lenders and generally because the housing market it is busy right now might mean it takes you a little longer to get your keys. We ask that you be patient and just know that your mortgage adviser and dedicated client manager will be doing everything they can to get you into your new home as quickly as possible.
Check your credit report
This is really important, and we will look at this with you as soon as possible in the homebuying process. When you are applying for a mortgage, it is important we understand your individual credit file as even those who think they have no issues sometimes find something unexpected which must be dealt with before submitting a mortgage application.
When buying a house there is always a long list of what we would like in our ideal home! An extra bedroom for an office, a downstairs toilet or a big garden for example. However it is important to decide what is vital to have and what would be ‘nice to have’ so you can make compromises where required. Also in such a competitive market be realistic on house prices and don’t overstretch yourself. Decide how much you can borrow and what the limit is that YOU would pay for a property and don’t be drawn into unreasonable offers which are then unaffordable.
For further information or mortgage advice why not book an initial consultation and we will be happy to help.