Find the best first-time buyer mortgage in Croydon with Mortgage & Lifetime Solutions.
The process of mortgage application is intimidating for many first-timers. Amidst the confusion and difficulty, there’s a looming risk of not getting the most ideal terms or not getting approved at all. It’s our job to take the uncertainties out of the process and match you with the best loans available.
What Are the Requirements for First-Time Buyer Mortgage?
You need to prepare the following in order to apply for your first mortgage loan.
- Deposit – You need to prepare at least five per cent (5%) of the property’s price.
- Credit Score – Ideally, you should have a good credit score. However, we can still help you find mortgage deals even with a poor score.
- Expenses – You have to settle building insurance, solicitor’s fees, removal costs, stamp duty, survey costs, and other fees.