First time buyer advice

First time buyers in Manchester First time buyers are, by definition, generally at the bottom step of the ladder. Typically first time buyers require: Very high Loan To Value (LTV) – as they do not have large deposits. Extra Monies for home improvements Higher income multipliers as many first time buyers are at the early…

Second Time Buyer Advice

Second time buyers (or next time buyers) are applicants whom currently have a mortgage on a property and are seeking to sell, to move into another property. Generally searching for a bigger property or relocating to another area. Second time buyer mortgages have a similar path to a first time buyer where an agreement in…

Agreements in Principle

First time buyers (FTBs) are typically asked by estate agents to provide an Agreement in Principle (AIP) before viewing properties. However many FTBs are unaware of the implications of a hard or soft check towards a customer’s credit score. Most first time buyers will want ‘peace of mind’ and soft credit checks are typically preferred…

Buying with friends

With the average first time buyer now in their 30s it’s not surprising that some buyers decide to team up with a friend of relative to get on the property ladder. Raising a deposit as a pair or a group is much easier than doing it on your own, as too is managing mortgage repayments.…

How to improve your credit rating

When you apply for a mortgage, the lender will want to make sure you’re able to afford the repayments and can manage your finances well. One of the things they’ll look at will be your credit score. You can check your credit score for free via sites like Experian. If yours isn’t as good as…