Buying a home is the biggest financial decision most people make. Get your finances in order before you start property hunting.
Save for Deposit
Most lenders want 5-15% deposit. More is better — gets better rates. First-time buyers can use LISA (up to £4,000/year with 25% bonus).
- Aim for 10-15% minimum
- LISA gives 25% bonus
- Help to Buy ISA is now closed
Check Your Credit Score
Lenders check credit history. Fix any errors on your file. Pay off credit cards before applying for mortgage. Register on electoral roll.
How long does it take to improve credit?
Usually 3-6 months of good behaviour makes a difference. Don't make multiple credit applications in short period.
Get Mortgage Ready
GetAgreement in Principle to know what you can borrow. Gather documents: payslips, bank statements, tax returns if self-employed. Don't change jobs or finances between AIP and application.
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