We’ll guide you along the whole home-buying journey and look after you every step of the way. But there are a handful of things you can do in advance to chivvy things along. Give yourself a head start with the help of the really useful tips and information you’ll find here.
Lenders want to see credit reports, so get yours handy.
Don’t have one? No problem. Just head over to Check My File.
They’ll give you an accurate report super quickly. To get yours for free, click here and sign up for their 30-day trial (it’s subsequently £14.99 per month and you can cancel at any time).
You’ll also need a few other documents. But don’t worry, we’ve got you covered. To download them, just click the button below.
Then you're all set!
And soon you’ll thank yourself for making the whole process SOOO much simpler.
£12 will be paid by Check My File to TMP The Mortgage People Ltd which is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited. Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited does not receive a share of this commission and has no direct affiliation with Check My File.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% of the amount borrowed but a typical fee is £500.
If you’re at the very early stages of looking for a place to buy – or just trying to work out what’s possible – our app is a great place to start. It’ll ask you a few simple questions about how much you earn and your savings, before working out how far away you are from a place of your own.
If you’ve got a rough idea of when you want to buy a home, the sooner you can start getting your finances in order the better! This means:
First-time buyer? You probably know that there are all sorts of schemes designed to help you onto the property ladder... You might also be a bit baffled by them.
Let’s clear up any confusion. To help you work out what’s best for you, here’s a quick run-through of the four main buying schemes.
Shared Ownership allows you to get onto the housing ladder with a lower deposit and lower mortgage. It offers you the chance to buy a percentage of a home, from 10-75% and then pay rent on the remainder. A new funding model has just been announced from now through to 2026 making homes even more affordable and allowing purchasers more freedoms. In order to be eligible for the scheme you must be a first-time buyer or current shared owner looking to move, and you must have a combined income of less than £80,000 (£90,000 in London).
Lots of people have a good credit history but can’t pull together a big deposit. This scheme was brought in to help them. It means the government will guaran- tee new 95% mortgages until 31 December 2023, and that’s made lenders feel much more confident about offering them. You don’t have to be a first-time buyer to be eligible, but you will need a deposit that adds up to 5% of the value of the home you want to buy. That home must be worth less than £600,000.
The First Homes scheme helps first-time buyers own a home near their place of work. It does that by offering new-build homes at prices discounted by at least 30%. First Homes are only available to first-time buyers who earn a combined income of less than £80,000 (£90,000 in London) and they must cover at least 50% of the payment for their property with a mortgage. First Home properties are available throughout England. Lots more are due to be built this year.
If you're a council tenant in England, the Right to Buy scheme is there to help you buy the home you rent. And here’s the best part. With a discount of up to £84,600 (£112,800 in London). To be eligible, you must have been a public sector tenant for at least three years. If you’re thinking about whether this is the right option for you, free, impartial advice to help you decide is available from the Government’s Right to Buy Agent.
Once you’ve taken care of these simple steps, you’re in the best
possible position to proceed! All that remains is for you to find your
next home and make your mortgage application.
Mortgage advice, guidance and support on tap.
Get in touch and let us know what you need a hand with.
We’re a friendly bunch. Promise!
Drop us an email to
chirpy@tmpmortgages.co.uk
Call us on
0800 4880 814
HEAD OFFICE
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13 Medlicott Close
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