First Time Buyer Mortgage UK // What You Need to Know
Are you a first-time buyer in the UK? Congratulations! The process of buying your first home can be exciting but also overwhelming, especially when it comes to getting a mortgage. In this video, we'll guide you through the basics of getting a first-time buyer mortgage in the UK.
First, we'll explain what a first-time buyer mortgage is and who is eligible for it. We'll also discuss the benefits of getting a first-time buyer mortgage, such as lower interest rates and deposit requirements.
Next, we'll explain how each type of mortgage works.
We'll also discuss the government-backed schemes available to help first-time buyers get on the property ladder, such as Shared Ownership. These schemes can provide financial assistance and make buying your first home more affordable.
Finally, we'll offer some tips on how to improve your chances of getting approved for a first-time buyer mortgage, including checking your credit score and saving for a larger deposit.
If you're a first-time buyer in the UK, this video is a must-watch! We'll help you navigate the world of first-time buyer mortgages and make your dream of owning your first home a reality.
CHECK MY FILE - This is step 1 as a First Time Buyer. Check your credit file!
Free Credit File Check. Check your credit score from the outset! Use checkmyfile as they provide reports of all three credit file agencies the mortgage lenders use to credit score you, on one file (Experian, Equifax and Transunion)
checkmyfile offer a 30-day free trial which is then £14.99 a month thereafter and can be cancelled at any time.
DISCLAIMER: This video and description contains affiliate links via the above checkmyfile, Uswitch and credit ladder links, which means that if you click on one of the product links and purchase the product, I’ll receive a small commission. This helps support the channel and allows us to continue to make videos like this. Thank you for the support!
