Buying a house – whether it’s your first home, you’re moving up, or you’re a property investor – is an exciting time. But it can also be stressful and arranging finance is one of those areas that can trip you up.
Our aim is to make the mortgage application process as straight forward and stress-free as possible for you. Whether it is a regular or a self build mortgage, we want to look after the finance side of things so you can get on with finding your perfect home.
Whether you’re at the start of the mortgage process and wondering how to get your finances in order, or whether you’re further along the process and ready to make an application, give us a call to set up an appointment and we will go through everything with you in person.
We help our mortgage customers find the best rates for those looking to switch mortgages. Contact us for information on our mortgage switcher services.
There are many elements to a successful mortgage application.
Here are our general guidelines for getting ready:
1 - Save for a deposit
First time buyers require a deposit of 10% of the purchase price for most lenders.
2 - Prepare well in advance (6 months minimum)
Keep your current accounts well maintained, avoid credit card debt and other short-term loans.
3 - Income
Secure employment with a permanent contract is a must with most lenders. Employees should be employed for at least 12 months.
4 - Affordability and repayment capacity
Can you show the lender that you are already meeting the repayment capacity with rent payments or continuous monthly savings.
5 - Good financial management
Build up a pattern of savings, be able to display that you never use an overdraft, clear short term loans etc.
6 - Central Credit Register
Lenders will use the Central Credit Register to gather credit reports to get a picture of a borrower’s current lending and credit history. This will help the lender to decide if they should approve a mortgage/loan or not. If an applicant has had credit issues previously, they should apply for their credit report and address any issues at the start of the application process.
Use the form below to start your conversation today!
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Warning: If you do not keep up your repayment you may lose your home |
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Warning: the entire amount that you have borrowed will still be outstanding at the end of the interest-only period |
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Warning: The cost of your monthly repayments may increase |
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Warning: this new loan may take longer t pay off than your previous loans. This means you may pay more than if you paid over a shorter term |
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Warning: Purchasing this produce may negatively impact on your ability to fund future needs |
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