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Buying your first property can be both exciting and daunting; there are important decisions to make along with different criteria to be considered before you take your first steps onto the property ladder.
Louise will assist you throughout the home buying process to ensure you receive the right guidance and advice.
Be Realistic
Ensure that you are realistic when working out exactly how much you can afford to spend on your new house. You should ensure the intended mortgage is affordable on a monthly basis and it is wise to seek a Decision in Principle certificate, so that you know how much you can offer once you have found a suitable property. Even a newly built house will require some sort of furnishings, whereas older properties may require extensive work, such as re-flooring, tiling or renewing the wiring. Make sure that you factor in all these likely expenses, in addition to the purchase price, and other fees such as conveyancing and stamp duty.
If your name’s not on there, you may find that lenders can have a problem with this. You can register to vote online or by post.
Having someone else’s credit rating linked to yours through a joint account or previous joint application could affect your personal credit rating if they have a poor score.
Even just having a slightly wrong address or name spelling can have an impact on your score. So, make sure you check all the details and report any incorrect information immediately.
If you spot something on your credit report that is incorrect or doesn’t apply to you then contact the credit reference agency immediately to have your file updated.
Paying on time any direct debits or credit agreements you may have is a great way to prove to lenders that you’re capable of managing finances effectively. If you have any credit cards/store cards then set up direct debits for minimum payments so you don’t accidentally miss them.
Receiving any court judgements for debt will have a serious impact on your credit score. If you’re having problems keeping up with payments, speak to your creditors directly or find free debt advice online.
We’re more than happy to come out and see you, at a time that suits. Evenings & weekends too, if needed!
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.