Perhaps it’s been a while since you moved, or you are a first-time buyer. Whatever situation you are in, if you are applying for a mortgage, the first step is always finding out more about your position and how much you are likely able to borrow. Having this knowledge to hand will help put you in a stronger position when it comes to your search.  

Get in touch with a mortgage advisor  

A good mortgage advisor is essential and we work closely with a great team of brokers who are always on hand for a free, no-obligation chat with you to help start your journey. Experts in understanding the market they will have lots of tips and tricks to improve your affordability and have access to some of the very best deals on the market.

From looking at ways to improve your credit score to finding a tailored solution from the thousands of products that are available when it comes to financial advice is always recommended to speak to an industry expert, with their precise knowledge of lender’s rules and rates, directly but here are a few top tips that might help your position

Take a look at your credit report  

Having a good credit score can be key to getting a mortgage. Things such as making sure you are on the voting register, paying any credit agreements you have on time, or cancelling any older credit cards can make a big difference. 

The bigger your deposit, the better  

It almost goes without saying that the more deposit you have the more you are likely to be able to borrow whilst also reducing your monthly repayments. Now is the time to prioritise and save, when you finally get the keys to your very own home, your newfound freedom will feel even better. 

Buy with your friend, partner, or family 

Whether you are buying with your partner, friend, or family, moving to your own place is exciting, taking that next step on the property ladder, and being able to furnish and decorate to your own tastes! Some lenders will allow you to buy with multiple people. Maybe you could pitch the idea to your parents as a property investment for them and entice them that you’ll be able to move out more quickly!

Try not to change your job too often  

If you are thinking of applying for a mortgage in the near future job changes can be taken into consideration as they look for reliability and consistency.