First Time Buyer Mistakes to Avoid When Buying Your First Home

First Time Buyer Mistakes to Avoid When Buying Your First Home

In this video I quickfire my top 10 first time buyer mistakes to avoid when buying your first home.

First time buyer mistakes, buying your first home, mortgage lenders, credit files, viewings, affordability.

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

First Time Buyer Mistakes to Avoid When Buying Your First Home

- 0.00 Intro
- 0.25 Not checking your credit file
- 0.55 Borrowing the maximum mortgage amount
- 1.15 Employment history
- 1.57 Instructing the cheapest solicitors
- 2.17 Having High Expectations
- 2.34 Going direct to bank
- 2.49 Taking out credit before or during a mortgage application
- 3:04 Having three months bank statements
- 3:25 Buying a property after one viewing
- 3:44 Buying a property prior to assessing your mortgage ability
- 4:24 Todays question

***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

---

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

Subscribe to my channel: https://www.youtube.com/c/alexkerrmortgage?sub_confirmation=1

Download FREE First Time Buyer Guide
https://mortgagechain.co.uk/first-time-buyer-tips/

---

***SHOW NOTES

CHECK MY FILE - This is step 1 as a First Time Buyer. Check your credit file!

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

---

*NEW SERVICE! - FAST TRACK CREDIT IMPROVEMENT PROGRAMME!

*For Just £99 for our all new Fast Track Credit Score Improvement Programme: email your enquiry to: fasttrackcreditfilecheck@mortgagechain.co.uk for full details of this service and should you want to book a slot, follow the instructions you receive back in the autoresponse email to book your slot OR simply book a slot using the link below. There are currently 100 places so hurry and book your slot before they all go!

Fast Track Credit Improvement Programme Bookings Link: https://outlook.office365.com/owa/calendar/MortgageChainLtd@mortgagechain.co.uk/bookings/s/XOk9GRMNm0mtPHK4mTTM9w2

---

First Time Buyer Tips Playlist:
https://www.youtube.com/playlist?list=PLC4Il5hWji9S8lV6KW8BHwotdtlWjX7-D

Money Savings Tips Playlist:
https://www.youtube.com/playlist?list=PLC4Il5hWji9QcN5siyYe6oeY7J_x6QG1x

---

***SHOW NOTES & LINKS
Are you a tenant ? Improve your credit score today with CreditLadder

Link - CreditLadder: https://www.creditladder.co.uk/partner/mortgage-chain
Video to CreditLadder - https://youtu.be/SFO1AC0XO08
Enquiry Form: https://mortgagechain.co.uk/contact-us
Book a Free, No Obligation Call with Alex Book Now:
https://outlook.office365.com/owa/calendar/MortgageChainLtd@mortgagechain.co.uk/bookings/

Manage your Utility Bills, no more missed payments!

U-Switch link – https://www.uswitch.com/gas-electricity/?ref=optimise%7E2202752%7Ecec91a98ed9242438d32f5fb4e3cec2a&utm_source=optimise&utm_medium=affiliate&utm_campaign=2202752&refset=true

U-Switch Video (Go to - 2min 25seconds) - https://www.youtube.com/watch?v=NzzZBIfg3PM&t=1s

All New Solicitor Quoting Portal for First Time Buyers!
https://www.mortgagechain.co.uk/conveyancers-for-first-time-buyers/

Video on how to use Solicitor Quoting Portal
https://www.youtube.com/watch?v=b3Kn9WvDQVw&list=PLC4Il5hWji9TYuuFTvX8fBO7jpU3taMAN&index=1

DISCLAIMER: This video and description contains affiliate links via the above checkmyfile, Uswitch and credit ladder links, 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!

---

FACEBOOK GROUP For First Time Buyers:
https://www.facebook.com/groups/firsttimebuyeruk
Say hi on social:
Twitter: https://twitter.com/alexkerrmortgag
Instagram: https://instagram.com/alexkerrmortgage
Facebook: https://facebook.com/alexkerrmortgage
TikTok: https://tiktok.com/@alexkerrmortgage
---

⚡TODAYS QUESTION: Have you made any of the mistakes I mention in this video ? LMK! 👇👇👇

---

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

Видео First Time Buyer Mistakes to Avoid When Buying Your First Home канала alexkerrmortgage