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Are you looking for a first time buyer mortgage in Blackpool? Mortgages By Louise is here to make the process easy and stress-free. Our experienced team specialises in helping first time buyers understand the ins and outs of securing a mortgage, ensuring you find the best deal for your needs.
At Mortgages By Louise, we offer personalised advice for every first time buyer mortgage. We take the time to get to know your financial needs and goals, working hard to secure the best mortgage rates and terms for you. By tailoring our approach, we simplify the process and improve your chances of approval.
Our in-depth knowledge of the property market and access to a wide range of first time buyer mortgage products make us the number 1 choice for buyers in Blackpool. We keep up with the latest trends and regulations, providing you with relevant and accurate advice. Trust Mortgages By Louise to guide you through the journey of buying your first home.
For more information, fill in our online contact form or to speak to a member of our team today, you can call us on 07530591219.
Buying your first home can be both exciting and overwhelming. There are many decisions to make, and you want to be sure you’re fully prepared. Mortgages By Louise is here to offer expert guidance and personalised support for your first time buyer mortgage in Blackpool.
Set Your Budget: Start by figuring out how much you can realistically afford. Be sure your mortgage payments fit within your monthly budget. Getting a Decision in Principle will give you a clearer idea of how much you can borrow. Don’t forget to factor in other costs like legal fees, home improvements, or stamp duty.
Help to Buy: If you’re purchasing a new-build home and considering the government’s Help to Buy scheme, Mortgages By Louise can guide you through the process. We’ve worked with numerous builders and developers and can help ensure you get the most out of this scheme while securing your first time buyer mortgage.
How To Improve Your Credit Score For A First Time Buyer Mortgage
Improving your credit score is a key step in securing a first time buyer mortgage. Here are some simple ways to boost your score:
Register on the Electoral Roll: Lenders often use the electoral roll to verify your identity. Make sure you’re registered to vote. This can increase your credit score.
Check Your Credit Report: Go through your credit file to make sure there are no mistakes. Even small errors can have a negative effect when applying for your first mortgage.
Pay Your Bills on Time: Make sure you’re paying all your bills, including utilities and credit card payments, on time. Late payments can significantly hurt your chances of securing a mortgage.
Unlink Joint Accounts: If you have joint accounts or financial links with someone else, ensure their credit score isn’t pulling yours down.
Look for Fraud: Check your credit report for any unfamiliar activity. Report anything suspicious to the credit agencies immediately.
Taking these steps can help you secure a better deal on your first time buyer mortgage. Call Mortgages By Louise today on 07530591219 to get expert help with improving your credit and securing your first home.
Expert Advice: At Mortgages By Louise, we know the mortgage process can be confusing for first time buyers. Our team is dedicated to making your mortgage journey smooth and stress-free, with expert advice at every step.
Tailored Service: We understand that no two first time buyers are the same. That’s why we take the time to understand your unique financial situation and homeownership goals. Our personalised service ensures that we secure the best mortgage for you.
Access to Exclusive Deals: First time buyers often struggle to find the best mortgage deals. Mortgages By Louise has access to a wide range of mortgage products, including exclusive offers not available on the open market, helping you secure favourable rates.
Local Expertise: Our knowledge of the Blackpool property market gives first time buyers a real advantage. We stay on top of local trends, property values, and neighbourhoods, ensuring you make the best decision for your first time buyer mortgage.
Better Chance of Approval: Worried about getting approved? Our team knows exactly what lenders look for, and we’ll present your financial profile in the best light to boost your chances of approval.
Hassle-Free Experience: The mortgage process can be full of paperwork and back-and-forth negotiations. At Mortgages By Louise, we take care of all the details, making the process of securing your first mortgage as easy as possible.
Ongoing Support: Our support doesn’t end once your mortgage is approved. We’re here to offer continued guidance and advice, ensuring that your mortgage continues to meet your financial needs in the long term.
Choosing Mortgages By Louise for your first time buyer mortgage in Blackpool means you’re working with a dedicated team that’s committed to your success. Get in touch with us today to begin your journey towards buying the home of your dreams.
Q1: What’s the first step in securing a first time buyer mortgage? A: The first step is understanding your financial situation. Take a close look at your income, savings, and monthly expenses to see how much you can afford. It’s also helpful to get a Decision in Principle from a lender, which gives you a good idea of how much you can borrow.
Q2: How much deposit do I need for a first time buyer mortgage? A: Most first-time buyers will need a deposit of at least 5% to 20% of the property’s value. The bigger your deposit, the more favourable your terms will be. For example, a £200,000 home would typically require a deposit of £10,000 to £40,000.
Q3: Can I get a first time buyer mortgage with bad credit? A: Yes, it’s possible to get a first time buyer mortgage with bad credit, but it might be more challenging. Mortgages By Louise works with specialised lenders who offer products designed for people with less-than-perfect credit, and we can help improve your chances of approval.
Q4: What other costs should I consider when buying my first home? A: Besides your deposit, you’ll need to budget for stamp duty, legal fees, surveys, and potential home repairs or updates. Our team will help you plan for these additional costs when securing your first time buyer mortgage.
Q5: How long does the process take to get a first time buyer mortgage? A: It usually takes between 4 to 8 weeks to secure a mortgage, depending on your circumstances and how quickly paperwork is completed. Mortgages By Louise works hard to keep things on track for a smooth process.
If you would like to know more about our first time buyers mortgages in Blackpool or for information about our other services, contact us today. Our professional team are happy to answer any questions you may have and provide you with the best solution for your needs. Simply fill in our contact form, call us on 07530591219 or email a member of our team: louise@mortgagesbylouise.co.uk.
We’re happy to come out and see you in person, including evenings and weekens!
Based in Thornton Cleveleys, Lancashire, and helping clients across Lancashire and the UK.
Mortgages by Louise & Associates provides expert mortgage, protection and insurance advice. Mortgages by Louise & Associates is a trading name of Just Mortgages Direct Limited and Mortgages by Louise & Associates is the name under which we carry out these services.
Mortgages by Louise & Associates is not a business in its own right, it is part of Just Mortgages Direct Limited, which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited. Just Mortgages Direct Limited was set up in 1989 and has been part of The Openwork Partnership since 2016.
The Openwork Partnership is one of the UK’s largest Financial Advice networks, with over 4,500 advisers and in excess of 700 appointed representatives based throughout the UK.
Our advisers at Mortgages by Louise & Associates will get to know your individual circumstances, establish what your goals are and what the right mortgage and protection arrangements are for you.
Disclaimer:
The information on this website is for use of residents of the United Kingdom only. No representations are made as to whether the information is applicable in any other country which may have access to it.
Mortgages by Louise & Associates, 17 Victoria Road East, Thornton Cleveleys, FY5 5HT
Mortgages by Louise & Associates is a trading name of Just Mortgages Direct Ltd, which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited which is authorised and regulated by the Financial Conduct Authority. Just Mortgages Direct Ltd registered office: Colwyn House, Sheepen Place, Colchester, Essex, CO3 3LD Registered in England & Wales No 2412345
The Information on this website is subject to the regulatory regime and is therefore targeted at consumers in the UK.
Approved by The Openwork Partnership on 30/10/2023.