7 MUST Do Mortgage Application Tips for First Time Buyers - How to Prepare Properly

7 Mortgage Application Tips for First Time Buyers - How to Properly Prepare and apply for a Mortgage Application. Are you wondering how to apply for a mortgage ?

In this video I provide 7 critical preparation tips you MUST do before applying for a mortgage, around documentation and registrations.

FREE CREDIT FILE CHECK

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.

Check my free credit score now:
https://www.checkmyfile.com/credit-report.htm?ref=alexkerr&cbap=1

For a free credit score check: email your checkmyfile credit file to: freecreditfilecheck@mortgagechain.co.uk

DISCLAIMER: This video and description contains affiliate links via the above checkmyfile link, 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!

**** Show Notes, and Resources ****

*ID, address and mortgage documentation required - https://mortgagechain.co.uk/wp-content/uploads/2019/06/Mortgage-Documents-Checklist.pdf

*Tax documents Guide for business owners – https://mortgagechain.co.uk/wp-content/uploads/2017/09/Tax-Docs-Guide.pdf

*Gifted deposit template – http://mortgagechain.co.uk/wp-content/uploads/2017/03/gifted-deposit-form.pdf

*Check your credit file - Apply for a FREE 30 day trial via checkmyfile who provide both Experian and Equifax reports in one report: https://www.checkmyfile.com/credit-report.htm?ref=alexkerr&cbap=1

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***Quick affordability calculation***

Income (single or joint) - liabilities x 4.5 = mortgage amount

Example. 50,000 (joint income) - 2,400 (£200 per month loan payment x 12) x 4.5 = £214,200

*Liabilities - When calculating liabilities use 5% of total credit card balances
X 12 – (minus) Loan/HP monthly payments X 12

Ignore loans with less than 6 months to run

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Facebook Group for First Time Buyers: https://www.facebook.com/groups/firsttimebuyeruk

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**** About This Video **** In this video Alex Kerr from Mortgage Chain, who specialises in mortgages for first time buyers and business owners discusses 7 critical ways First Time Buyers MUST prepare for their first mortgage.

Contact:

Enquiry:
https://mortgagechain.co.uk/contact-us

Book:

Book 10 minute mortgage chat with Alex: https://outlook.office365.com/owa/calendar/MortgageChainLtd@mortgagechain.co.uk/bookings/

Contact: 03333 44 68 69

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⚡QUESTION OF THE DAY: Are you having any problems with obtaining any of the documentation required for a mortgage ? Let me know! 👇👇👇

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
#FirstTimeBuyerTips #MortgageDocuments #alexkerrmortgage

Видео 7 MUST Do Mortgage Application Tips for First Time Buyers - How to Prepare Properly канала alexkerrmortgage