Mon-Fri, 8am-6pminfo@mainlymortgages.co.ukRegent House Business Centre, 13-15 George Street, Aylesbury, HP20 2HU
Mortgage broker in Buckinghamshire
Helping you take the steps towards owning your first home.
Check your credit report, as lenders assess this when deciding whether to give you a mortgage. Make sure the information is accurate and you're on the electoral roll.
You will need to save a deposit – the bigger the deposit, the less you are borrowing and the less risk you are to the lender.
Lenders typically ask for your last three months' payslips, latest P60, ID and bank statements, so have these ready and in good order.
Obtain an agreement in principle before house hunting, giving you confidence that a lender will consider your application.
How much you can borrow depends on a lender assessing your income and outgoings and establishing an amount they feel you can comfortably repay.
Government-backed schemes can make it easier to purchase your first home, including discounts for new-build properties, low-deposit mortgage schemes, and shared ownership, where you buy part of a property and rent the rest.
If you have bad credit, there are still lenders who will approve you, though you may pay a higher level of interest or have slightly limited options.
Speak to one of our mortgage experts so we can show you what your options are.
