At Mortgage Hunters we have been securing first time buyer mortgages for our clients since 2006. Buying your first house is one of the most stressful things you will ever do, but we are here to help and guide you every step of the way.
Question — I am a first timer buyer – can I get a mortgage?
Answer — Lenders that provide first time buyer mortgages will want to review:
- Your general credit profile – if you have borrowed before on credit cards or loans, then how have you conducted yourself. ie have you always paid the lender the right amount and on time.
- Job History – How long have you been in your job or what is your work history. Is it stable, long term or have you flitted from job to job. Are you full time permanent, Part time or on zero hours contract.
- Affordability – How is your income made up- Basic salary, Bonus, Commission or overtime. Do you receive any long term benefits such as working tax credits, child benefit, child tax credits.
- Other commitments – Do you have any credit card debts, car or other loans, hire purchase, pension payments, student loans or maintenance payments
It sounds complicated however Mortgage Hunters are skilled in working out the best formula for each individual situation. Mortgage Hunters will undertake the research for you and steer you to the most appropriate lender and scheme. We know which lenders favour first time buyers and provide innovative solutions to help you onto the property ownership ladder. You can find more information on our website.
If you would like to discuss your mortgage requirements, or find out how much you could borrow please call us on 01438 359300 or email us at firstname.lastname@example.org