9 Tips for Getting On The Property Ladder

There’s no evading from the fact that without a concrete financial foundation, your chances of landing a mortgage are virtually nil.

Irregular income or any outstanding debt, needs to be declared. A steady job and owing reasonable amounts on credit cards and loans will increase the credibility of lenders agreeing to give you a mortgage, be sure to follow suit.

There’s no evading from the fact that without a concrete financial foundation, your chances of landing a mortgage are virtually nil.

Irregular income or any outstanding debt, needs to be declared. A steady job and owing reasonable amounts on credit cards and loans will increase the credibility of lenders agreeing to give you a mortgage, be sure to follow suit.

Thanks to the ever-growing world of technology, we now have the full capability to view and keep track of our own credit scores. Pow! 

Checking your own credit score will give you an insight into how you are perceived by lenders when applying for a mortgage. It helps you to foresee any errors on your report that will show up as a red flag and. preempt any eyebrow-raising lenders.

To check your credit score, look into free accounts like: 

• Experian
• Credit Karma
• Equifax
• Clearscore

Feels good to have knowledge at your fingertips. Above all, it’s good sense to be widely read in all facets of life, this includes the property ladder.

We recommend:

• Explore all your options
• Educate oneself on the housing market (local and national)

Or anything else related to the end goal of getting on the property ladder will prosper in due course, such as:

• Befriending local estate agents
• Stay on trend
• Read blogs like ours
• Keep a hawk-eye on house prices
• Absorb yourself in ‘all things property’

It’s like the saying, ‘knowledge is the true organ of sight, not the eyes’.

It’s no secret that housing in the UK causes a hindrance for the government. Naturally, new schemes are often being presented in aid to the public, so keep a sharp eye out for the ones that fit. Note that Help to Buy and Shared Ownership may fit your criteria, but it’s crucial to get independent advice before heading head first into it. Give yourself time to explore all options. Seek guidance on the areas that seem out of focus.

If you’re new to the property game, mortgage brokers are indispensable for first-time buyers. They have:

•  A right of passage to all the latest cutting-edge deals 
• Skilled in pairing individuals up to their suited mortgage

Mortgage advisors help you get a solid idea of your price range. Seek advice as early as possible. Managing your expectations on the budget will hone your focus on your search and avoid disappointment further down the line, something that happens more often than one would think.

We’ve launched Reliable Financial Services for anyone looking for advisers who are fully qualified and fully regulated by the Financial Conduct Authority. 

If you’re new to the property game, mortgage brokers are indispensable for first-time buyers. They have:

•  A right of passage to all the latest cutting-edge deals 
• Skilled in pairing individuals up to their suited mortgage

Mortgage advisors help you get a solid idea of your price range. Seek advice as early as possible. Managing your expectations on the budget will hone your focus on your search and avoid disappointment further down the line, something that happens more often than one would think.

We’ve teamed up with Greenacre Financial Services to form Reliable Financial Services, for anyone looking for advisers who are fully qualified and fully regulated by the Financial Conduct Authority. 

Is anyone else you know looking to get on the property ladder? An option that may not be for everyone but a concept well worth considering. Buying property with someone cuts the majority of expenses in half, this includes the deposit.

Could be a partner, friend or family member, and you may even be able to find someone who’ll want to invest but not stay in the property. Explore your options, you never know what may come of it.

We all know how easy it is to get caught up in the dream. It’s important to come back down to earth. Like they say, ‘Rome was not built in a day’. Saving up enough for a deposit does not happen overnight.

Buying or selling a property can be stressful, and we understand how valuable time is in this process. For many with hectic lifestyles or conflicting work schedules, the whole process can seem overwhelming. Let us take the strain away and do all the hard work for you. Our expertise and help will ensure your property journey is at least a little easier and always a lot more enjoyable.

If you’re looking to join the property game, call our signal.

#thereliableway..