Are you buying your first home in Belfast or beyond? Let us make your first step onto the property ladder as simple as possible.
Buying your first home is an exciting but daunting process. Without the proper advice or guidance, it’s easy to feel overwhelmed by the wealth of mortgage information available to new buyers. Our free first-time buyer consultation will streamline the process, explain the jargon and advise you on your maximum borrowing capacity and the deposit required, so that you can start to explore properties within your budget.
But what makes a good candidate for a first-time buyer mortgage? Meeting the criteria below will boost your credit rating and make you more attractive to mortgage lenders:
- Three lines of credit going to your current address, e.g. bank account, phone contract, credit card
- Evidence of savings or repayment capacity, e.g. paying rent or saving on a monthly basis
- Access to credit, but utilising no more than 30%
- Good credit history, no missed payments, no payday loans and being registered to vote.
Your home may be repossessed if you do not keep up repayments on your mortgage.
1
Three lines of credit going to your current address, e.g. bank account, phone contract, credit card.
2
Evidence of savings or repayment capacity, e.g. paying rent or saving on a monthly basis.
3
Access to credit, but utilising no more than 30%.
4
Good credit history, no missed payments, no payday loans and being registered to vote.
