How to get on to the property ladder in 2019

How to get on to the property ladder in 2019

With Christmas over and the new year in full swing it’s time for everyone to work on their new years
resolutions. For many people, their resolution for 2019 is to own their own home.

There is a lot to take into consideration when taking out a mortgage which is why we’ve outlined our top
tips to help you get onto the property ladder in 2019!

Understand your spending

When looking at taking out a mortgage it’s important to understand your finances. Taking control of your
finances is an important step in saving for a home. Do you know you incomings and outgoings? If not this
is the first step towards taking control of your finances in 2019.

Understanding your spending habits is important because this is something that will be analysed by any
prospective lender and it was also give the a glimpse of your affordability.

Get saving

If you’re thinking of buying this year then you’ve already started saving or thinking about saving. Whilst this might be most obvious aspect of getting onto the property ladder, it’s also one of the most important. Set yourself realistic targets or how much you could put into savings each month. You might even want to set up an ISA (For investments we act as introducers only.) in which this money will go.

Know your credit score

When applying for credit in any way shape or form, your credit score is one of the most important aspects
in determining whether you can get the best possible rate.

Find out how you can improve your credit score here.

Calculate how much you can borrow

which can give you an indication as to whether a mortgage amount is likely to be considered affordable by
mortgage lenders. Our calculator is even based on real-time results obtained from a range of mortgage
lenders own calculators!

Find the right mortgage

Whilst there are tons of great mortgages out there it is important that you find the one that is perfect for
you. At Nepcote Financial we work to find the mortgage that is right for you. We pride ourselves in
providing the very best mortgage advice.

Find out more about the different mortgage options that are available to you and get in contact with us to book your consultation by call Mark on 01903 251053 or 07776 187552 or Emailing Mark on mark@nepcotefnancial.co.uk

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