With all of the different information available from friends, family and the internet when you are planning to buy your first home, or looking for Mortgages in Lincoln, it can be difficult to work out exactly what you need to do.
Helping dozens of first time buyers get the keys to their first home every year in Lincoln and the surrounding area, we are really well qualified to answer your questions.
In the first of a series of Blogs to guide you through the process, we will outline the issues to consider.
For instance:
How much deposit will I need, and when will I need it? What is the difference between credit score and credit search, and if I have a poor credit score how can I improve it?
If I have a default on my credit file from my mobile phone company, can I still get a mortgage, and what is a credit file, anyway?
My partner has bad credit, can I get a mortgage in my own name for a home for both of us?
I’m putting all of the deposit down, how do I protect my deposit if we split up in the future?
My parents want to give us money towards our deposit? Which lenders will let them do that?
I’ve been told that I need to use a solicitor. How do I find one? What will it cost? What do they do?
People keep mentioning property surveys. Do I need one and do I have to arrange it? Who pays for it? If I buy an older house, how do I know if it is in good condition?
These are all issues that we deal with every day for our clients, and next time I will explain about deposits in detail, how much do you need and when?
Mortgages in Lincoln have occupied a space on the high street for a number of years. Our team supports all manner of clients but provides advice on mortgages, remortgaging, buying your first home, protection and budgeting. We have an admin team of 6 and one adviser who support every part of the journey from helping book your appointment to liaising with solicitors with contracts etc.
If you have any questions about buying a house, give us a call on 01522 561 699.