Early preparation is the key. Before applying for your first time buyer mortgage Livingston, you should:
Check your credit history so you can be clear on where you stand regarding your rating. Ensure all the information held about you in your credit file is correct. Additionally, find out more about how you can boost your credit score so you’re in the best possible position to be granted a first time buyer mortgage Livingston.
Save up a cash deposit as the more cash savings you can put down, the less you will need to borrow through a first time buyer mortgage Livingston. As a minimum, most lenders require you to have at least a 5% cash deposit towards your property payment.
Talk to one of the experienced members of our mortgage Livingston broker team to get an estimate of how much you can afford to borrow for your first time buyer mortgage Livingston. Following this interaction, you can identify what sort of property prices you can afford, before beginning to house hunt.
It’s important to note that you will need a steady income to apply for a first time buyer mortgage Livingston. This is because the repayments on your home loan are effective immediately and you will need to demonstrate that you can make these payments comfortably.