Achieve the best mortgage offer possible.
When buying a home achieving the best mortgage offer is crucial.
Once you have found the right property the next step is find the best mortgage deal on offer.
The right mortgage at the right rate is vital to longer term financial well-being. Accepting the wrong mortgage offer that is more expensive or has highly restrictive criteria could cost you dearly over the longer term.
Cheaper funding has led to the release of low rate deals over the summer. However despite access to cheaper funding lenders are still reserving their best offers for low risk high deposit borrowers.
If you are a lower deposit or first time buyer how can you improve your chances of mortgage approval?
Ensure you appear on the electoral roll, failure to do this could mean your application could be rejected.
Check your postcode because if you make a mistake and it does not match your address you could be rejected. Any failed applications may go against you when you apply for a mortgage in the future.
Ensure you have as large a deposit as possible. Save as much as you can as that way you can improve your chances of being accepted for a lower rate offer.
Check your credit score. Ensure that you do everything you can to improve it. Pay your bills on time and make sure that you do not miss any payments.
Finally you should seek professional advice and help as this could improve your chances of finding a competitive deal.
Deal Direct can increase your chances of mortgage approval.
For the best mortgage offer call an adviser today.
