If you've never bought a house before, it might feel like a bit of a daunting prospect - where do you even start? To help you out, we've put together a few of the questions that are sure to be on your mind.
First up you'll need a deposit, usually a minimum of 5%. You'll then need to come and see us to get a mortgage ‘decision in principle’. This is just a preliminary credit check to see how much you could borrow, based on your deposit, income and other financial commitments.
Firstly, remember that debt in itself isn't a bad thing, so long as you can show that you're managing it well, so don't be afraid that a loan or credit card is going to exclude you. A good starting point is to get a free credit report, to help you see where you stand. Noddle is a completely free service, which gives you a good overview. Experian and Equifax offer more comprehensive reports and are only free on a trial basis - make sure you cancel the renewal to avoid paying a fee.
Once you've had the decision in principle, (an agreement from the lender to lend X based on your credit score and subject to proof of income), you can start looking at houses. There are a few key steps after that, including the formal mortgage application, valuation, exchange of contracts and then completion.
We are here to help you at every stage though, so you never have to worry that you'll forget what to do!
The sooner you can get all of your paperwork to us the better. You'll need:
Why should I use The Financial Detectives as my broker?
"Over 50% of our clients are referrals from other customers we have helped... we must be doing something right!"
This was our first time buying a house and went with the financial detectives,we wanted to have a mortgage broker that could deal with finding the best deal for us and tell us our options with buying our first house. Dan is a very high skilled mortgage broker and was amazing.Dan worked very hard to get us the mortgage that was right for us and was there every step of the way and so was Jess cannot fault this company they are amazing and would recommend to any of my friends, and would use them again.Far less stressful then going direct to a bank and shopping around yourself so once again to the team at the financial detectives thanks again Mr & Mrs Hichri K & C Hichri, 2017
As always I found The Finance Detectives extremely helpful and easy to use. With working full time being able to communicate via email and send documents in the same manner was a godsend. I will always use The Finance Detectives for all my Mortgage and Insurance needs as they provide a first class service which is value for money and with little or no hassle. I have in the past recommended The Finance Detectives to friends and will continue to do so in the future. Thank you again for all your help and assistance in sorting the new Mortgage deal. R Tucker,
Daniel Rowden trading as The Financial Detectives is an appointed representative of HL Partnership Limited, which is authorised and regulated by the Financial Conduct Authority
The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.