We know that buying your first property can be a daunting process, so here’s our top tips and checklist of documents needed for your first mortgage!
Top Tips
- Sign up to a credit agency and regularly check your score
- Ensure to pay all current credit commitments on time (loans, hire purchase etc)
- Make sure you are registered on the electoral roll at your current residential address
- Contact a mortgage advisor prior to house hunting to establish a realistic purchase price
- Create a realistic monthly income and expenditure list (including bills, loans, socialising, food etc) and from there decide what you could spend on a mortgage payment each month
- You will need a minimum of a 5% deposit however the more you can save the better!
- Explore local areas and decide which would be best for your lifestyle, work commute and circumstances
Checklist of Documents:
- Latest 3 months bank statements
- Proof of income (latest 3 months for employed or 2 years for self employed)
- Proof of deposit
- ID
- Credit Report
