Great article on Mortgage Strategy today by Craig Osborne, director at SiteSales Property Group providing solid advice for First Time Buyers on how to get ‘Mortgage Ready’, out of renting and on to the property ladder.
The advice includes the need to:
– Focus on your deposit. You’ll need a minimum 5% deposit, so have a plan in place to develop your deposit.
– Manage your credit commitments and avoid defaulting on any credit or using pay day lenders.
– Make use of available schemes such as Shared Ownership and Help to Buy Equity Share. These can really boost your affordability levels and place properties that would normally be outside of your budget within your reach.
For fee-free advice and guidance on how to boost your chances of getting a mortgage or to discuss your options, give us a call today.
Click here to read the full article.