What are MTGE’s Top Tips to getting yourself ready to buy your first home?

What are MTGE’s Top Tips to getting yourself ready to buy your first home?

Here are our top tips for getting you on the right track:

  1. Register with a company such as Experian or Clear Score to get a credit report
  2. Make sure you are on the electoral register
  3. Look at seeing whether getting a shared credit card is a good move to improve your credit rating. Always make sure you can afford the monthly repayments with ease.  Capital One and Virgin are credit cards you pay in full by direct debit each month so easy to set up and not miss payments.
  4. Make sure your income exceeds any debt you have. If not start making it a focus to pay off your debt, or reduce it to a manageable minimum to show you are living in excess of what you can afford
  5. Consider buying new first time to avoid any unforeseen repair costs or updates that may need doing
  6. Plan when and how you are going to move. Do you need to stay with family, or rent with friends to save money for a deposit?
  7. Save the number 0203 640 7600 into your phone and call us.
  8. Don’t waste money on paying mortgage broker fees for expert advice and guidance we will help you for free. We want you to save your money towards something new for your home like a TV

Please remember these are generic tips, everyone’s financial and personal circumstances are different, and we are committed to finding the right solution for you.

Article written:  January 17th, 2023

Please be aware the details of this article are appropriate from the time it was written, therefore any information given after this date may have changed.

Be aware that if you are unable to keep up your mortgage repayments you may lose your home.  We are professional mortgage brokers with a joint knowledge of 75 years.  Our advice is free, so if you have any mortgage-related questions feel free to drop us a line at:  hello@mtge.uk


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