The whole concept of buying your first home can be rather daunting. Without proper guidance and advice, you might be unsure of how to set your foot on the property ladder for the first time.
Firstly, you will need to work out if you are eligible for a mortgage and how much you can borrow, as well as which type of mortgage to go for and how much it’s going to cost you.
The good news is that it’s easy to get started with your first mortgage with Ever North Mortgages Ltd’s online Mortgage Finder. All you need to do is enter your details, including how much you want to borrow and the size of your deposit. The Mortgage Finder will then show you all the deals you are likely to qualify for.
A quick check to find out what size mortgage you can get on your income.
Applying for your first mortgage with Ever North Mortgages Ltd will save you time and money, butwill also make the whole mortgage process a lot easier.
Our online Mortgage Finder allows you to start your mortgage journey on your desktop or mobile device, either at home or on the go.
You must be aged at least 18 to apply for a mortgage as a first time buyer.
When you submit your application, lenders will look closely at how much you earn. They will also want to know about all your outgoings, such as any loan or credit card repayments, and the amount you spend on things like travel, food and utilities. If you can reduce unnecessary outgoings before you make an application, it could boost your chances of being accepted.
The lenders will check your credit history too, because it shows how you’ve managed debts in the past. If you’ve been late with or have missed any payments, it might have affected your credit score and may mean your mortgage application is refused.
There are lots of different mortgage options to choose from, so it’s worth weighing up the pros and cons of each before deciding which one to go for.
Before you choose your first mortgage, there are a few initial steps you need to take.
Hopefully you’ll now have a clearer idea of which type of mortgage you want and the sort of information lenders will want to see when you apply for a mortgage.
Whether you want a fixed or variable deal, our online Mortgage Finder searches over 90 lenders’ deals on your behalf, which means finding and applying for your first time buyer mortgage needn’t involve filling out lots of mortgage enquiries for different mortgage providers.
Our experts will advise you on the best deal for you, and once you’ve applied for your mortgage, you can then track your application online 24/7 so you know exactly how it’s progressing.