Getting On The Property Ladder.

There were 28,600 mortgages advanced to first-time buyers in June, up 7% month-on-month and 19% higher than in June 2013. Good news for all those looking to get on the property ladder. Applying for a mortgage is, of course, the biggest purchase you’ll ever make in your life. So, it makes sense to ensure you can afford it in the short and long term. Those people trying to get on the property ladder need to be thinking about being mortgage fit so they are ready to go through the process as fast as possible. Here’s a few things you’ll need to think about:

Getting A Good Credit Rating.

More than a third of mortgage applicants are rejected because of missed payments on some form of credit. So, if you have credit cards or loans, then it’s really important to ensure you don’t miss any repayments. You should also keep on top of your credit limits and overdrafts. Meanwhile you will need to check your credit reference with an agency such as Experian and Equifax.They may need new information. You may need to improve your score. Either way this is something we will need to go through when you are applying for a mortgage. It’s an assurity that you can make payments.

Saving As Much As Possible.

Everything you spend will be looked at to a certain extent when you make an application for a mortgage, so it’s good to paint a picture of sensible saving rather than excessive spending. If your details show that you are in control of your income, then you’ll definitely increase your chances of getting a mortgage.

Getting Expert Advice.

We’re here to help. Any potential homebuyer is in need of a lot of information and often there’s too much information to take in to understand what’s relevant or what’s not. That’s what we are here for. It’s easy to get some professional advice from our experts.

For more information please call us on 0161 495 9340 – our helpful staff will be happy to help – or email info@havinefa.co.uk.