The beginner’s guide to getting a mortgage - Yes Mortgage Services (2024)

The beginner’s guide to getting a mortgage - Yes Mortgage Services (1)

Mortgages aren’t known for being quick and easy, but they certainly don’t need to be a cause of stress.In this blog, we’ll take you through the process of getting a mortgage so that your house-buying experience will be as smooth as possible. It definitely helps to plan ahead and be prepared, while managing your expectations will save you a lot of headaches too.

1. Save up

The reason this is first on the list is that saving enough for a house deposit is not a quick process! It’s a good idea to start as soon as possible, even if you don’t see yourself owning your own home for a while. Help to Buy is a government scheme to help first time buyers save deposits for new build properties – it’s a good way of making your money go further.

Saving is not just about building up a five-figure sum for you to put down against your house. It’s also about proving to lenders that you can be responsible about your money. Mortgage lenders will want to see your bank statements – if they can see you’ve raided your precious savings for a holiday or a spending spree, they might think twice before lending you money to buy a house.

2. Are you ready to buy a house?

To answer this question, you need to do your sums. Maybe your mortgage repayments would be the same or less than your rent, but could you afford the life insurance, building and contents insurance that you would need too? Could you cover the costs your landlord used to cover, like fitting a new boiler or repairing the roof? Be honest with yourself and be realistic too – you don’t want to over-stretch yourself in the future.

Another factor is your credit rating. If you have a particularly poor credit rating or heavy debts after a bad patch, it could be worth waiting a few years for your credit score to recover. If you try and get a mortgage while your credit rating is still poor, you could end up with very expensive repayments.

3. What can you afford?

To get a mortgage, you’ll need to save a minimum of 5% of the property price. Bear in mind that the more you borrow, the more you will need to pay back. People who borrow more than 90% of the property price pose a greater risk to the lender than people who borrow less, so be prepared for higher mortgage repayments.

In 2017, the average property price for a first time buyer was just over £200,000. A 10% deposit would therefore be £20,000 and a 5% deposit would be £10,000. If you could save a percentage of your income each month, would you eventually be able to raise between £10,000 and £20,000? Would you be able to save more, or less? How much have you put aside already? Answering these questions will help you to decide what value of house you could afford.

4. Come and see a mortgage broker

Unlike high street lenders, mortgage brokers (like Yes Mortgage Services) have access to a wide range of mortgages, including ones that aren’t advertised publicly by banks and building societies. Working with a mortgage broker can be less intimidating than seeing someone at the bank – we are here for you, not for the lender. You’ve got the best chance of getting a good deal that’s right for you if you go through an independent mortgage broker.

Your mortgage broker will want to see proofs of income and expenditure (payslips, bank statements, bills etc) to show that you can afford monthly mortgage repayments. They will tell you what information they need from you. They will then show these documents to the lender who will decide whether or not to lend to you.

5. Get an Agreement in Principle

An AIP proves that a mortgage lender would be willing to lend to you in your current financial circ*mstances. It is not the same as the mortgage loan, which you will not need until you have had your house offer accepted.

This is also the point at which you should start house-hunting seriously. You don’t want to get an AIP then not put in an offer on a house until months later. Mortgage offers can change so they need to be based on current circ*mstances, not those of last year. Aim to put in an offer on a house within six weeks of getting your AIP.

6. Take out your mortgage

After your offer has been accepted, the house-buying process (conveyancing) begins, usually conducted by a solicitor. When both the buyer and the seller complete the sale, the money will be moved by the solicitor to the seller’s bank account to pay for the house. Once you’ve moved in, you can finally relax, knowing that you’ve got a house you love and mortgage repayments you can afford.

An independent mortgage broker will work for you, not the lender, to find the best mortgage for your circ*mstances. For a free, no-obligation consultation with Yes Mortgage Services, contact us today on 0800 612 5596.

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The beginner’s guide to getting a mortgage - Yes Mortgage Services (2)

Andrew Johnson

At Yes Mortgage Services, we offer a comprehensive range of products from across the market.

Irrespective of whether you are looking to buy a new home, re-mortgage an existing property, or looking to protect your family from the unpredictability that life throws at it or protect your income if you are unable to work due to accident or ill health.

Yes Mortgage Services are committed to offering you the highest possible standards of service. We can undertake the whole process from answering the initial questions through to handling multiple product applications. Ensuring that everyone gets treated with the same urgency and maintaining your best interests are our main goals irrespective of the value of the mortgage.

We recognise that both we and our customers have everything to gain if we look after your best interests and treat you fairly in all aspect of our dealings with you.

The beginner’s guide to getting a mortgage - Yes Mortgage Services (3)

Contact Us

YES Mortgage Services Limited
The Old Barn
Brooklands Farm
Mannington
Wimborne
BH21 7JU

Hours
Monday – Friday 0900 – 1700

Contacts
0800 612 5596
[emailprotected]

We don’t charge a broker fee

We are on Instagram

There`s no one-size-fits-all calculation to determine how much you can borrow. It depends on several factors:⁣

👉 The cost of the property you`re looking to purchase.⁣

👉 The size of your deposit.⁣

👉 Your income and financial affordability, which considers your monthly commitments and any future obligations.⁣

These factors, combined, will determine your eligibility and help shape the amount you can borrow. ⁣

We know navigating the mortgage process can be overwhelming, but we`re here to lend a hand. Our friendly advisors can help you understand your eligibility and guide you towards making informed decisions about your mortgage. ⁣

Our advice to you is FREE, so get in touch for a chat - call us on 0800 612 5596 or visit our website to learn more.⁣

...⁣


Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

#propertyladder #familyhome #housebuyingtips #movinghomes #solobuyer #timeforachange #houses #homebuyers #propertyuk #movinghouse #buyingahouse #propertybuyers #letsbuyahouse #dreamproperty #housemove #newhome #moving #homes #foreverhome

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The beginner’s guide to getting a mortgage - Yes Mortgage Services (4)

There`s no one-size-fits-all calculation to determine how much you can borrow. It depends on several factors:⁣

👉 The cost of the property you`re looking to purchase.⁣

👉 The size of your deposit.⁣

👉 Your income and financial affordability, which considers your monthly commitments and any future obligations.⁣

These factors, combined, will determine your eligibility and help shape the amount you can borrow. ⁣

We know navigating the mortgage process can be overwhelming, but we`re here to lend a hand. Our friendly advisors can help you understand your eligibility and guide you towards making informed decisions about your mortgage. ⁣

Our advice to you is FREE, so get in touch for a chat - call us on 0800 612 5596 or visit our website to learn more.⁣

...⁣


Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

#propertyladder #familyhome #housebuyingtips #movinghomes #solobuyer #timeforachange #houses #homebuyers #propertyuk #movinghouse #buyingahouse #propertybuyers #letsbuyahouse #dreamproperty #housemove #newhome #moving #homes #foreverhome
...

3 0

Home will always be where mum is. But if it`s time to take your own steps onto the property ladder, we`re here to help.⁣

Our friendly mortgage advisors are always available to chat, listen to your goals, and discuss your options. We`ll provide you with expert advice on how you can prepare yourself to step onto the property ladder with confidence 💪🏡⁣

The best bit is we don`t charge a broker fee, so our advice to you is FREE!⁣

Tap the link in our bio to find out more, or give us a call on 0800 612 5596⁣

...⁣


Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

#myfirsthome #firsthome #firsttimebuyertips #firsttimebuyersuk #househunters #letsbuyahouse #homebuyer #firstimehomebuyers #homebuyersguide #firsthouse #firsttimebuyerspecialist #firsthometogether #firsttimehomebuyertips #firstimebuyer #firsttimebuyersuk #homebuyingprocess #homeownership #firsttimehomebuyer #followyourdreams #propertyeducation

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Open

The beginner’s guide to getting a mortgage - Yes Mortgage Services (5)

Home will always be where mum is. But if it`s time to take your own steps onto the property ladder, we`re here to help.⁣

Our friendly mortgage advisors are always available to chat, listen to your goals, and discuss your options. We`ll provide you with expert advice on how you can prepare yourself to step onto the property ladder with confidence 💪🏡⁣

The best bit is we don`t charge a broker fee, so our advice to you is FREE!⁣

Tap the link in our bio to find out more, or give us a call on 0800 612 5596⁣

...⁣


Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

#myfirsthome #firsthome #firsttimebuyertips #firsttimebuyersuk #househunters #letsbuyahouse #homebuyer #firstimehomebuyers #homebuyersguide #firsthouse #firsttimebuyerspecialist #firsthometogether #firsttimehomebuyertips #firstimebuyer #firsttimebuyersuk #homebuyingprocess #homeownership #firsttimehomebuyer #followyourdreams #propertyeducation
...

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Arranging a mortgage or organising personal finances can be time-consuming and stressful.⁣

But we`re here to make it as painless as possible!⁣

👉🏻 Before recommending a mortgage, we take the time to understand your individual needs and circ*mstances.⁣

👉🏻 We`ll only suggest mortgages that we consider suitable and affordable for you.⁣

👉🏻 If we can`t find a suitable mortgage, we won`t recommend one.⁣

👉🏻 We encourage you to ask any questions you have – no question is too silly.⁣

👉🏻 From start to finish, we`ll handle the entire process, from answering initial questions to managing multiple applications.⁣

👉🏻 Best of all, we won`t charge you a broker fee!⁣


Visit our website to learn more (🔗 in bio) or call us for a chat on 0800 612 5596.⁣

...⁣

Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

#househunter #homebuyeradvice #buyingahouse #hometips #ukhomes #mortgageoffer #propertytips #propertyfinder #ukproperty #movinghouse #buyingahouse #propertybuyers #letsbuyahouse #dreamproperty #housemove #newhome #moving #homes #foreverhome #mortgagetips #mortgageexpert #devonproperty #bournemouthbusiness #southcoastuk #mortgagebroker #mortgageuk #ringwood #hampshireuk #mortgageadviser

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The beginner’s guide to getting a mortgage - Yes Mortgage Services (6)

Arranging a mortgage or organising personal finances can be time-consuming and stressful.⁣

But we`re here to make it as painless as possible!⁣

👉🏻 Before recommending a mortgage, we take the time to understand your individual needs and circ*mstances.⁣

👉🏻 We`ll only suggest mortgages that we consider suitable and affordable for you.⁣

👉🏻 If we can`t find a suitable mortgage, we won`t recommend one.⁣

👉🏻 We encourage you to ask any questions you have – no question is too silly.⁣

👉🏻 From start to finish, we`ll handle the entire process, from answering initial questions to managing multiple applications.⁣

👉🏻 Best of all, we won`t charge you a broker fee!⁣


Visit our website to learn more (🔗 in bio) or call us for a chat on 0800 612 5596.⁣

...⁣

Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

#househunter #homebuyeradvice #buyingahouse #hometips #ukhomes #mortgageoffer #propertytips #propertyfinder #ukproperty #movinghouse #buyingahouse #propertybuyers #letsbuyahouse #dreamproperty #housemove #newhome #moving #homes #foreverhome #mortgagetips #mortgageexpert #devonproperty #bournemouthbusiness #southcoastuk #mortgagebroker #mortgageuk #ringwood #hampshireuk #mortgageadviser
...

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When it comes to self-build mortgage applications, there`s often quite a bit of paperwork involved 🫠⁣

You`ll need to submit documents such as planning permission, building plans, financial forecasts etc...⁣

But our mortgage advisors will take care of the whole mortgage application for you, from beginning to end.⁣

Including dealing with the paperwork! 🤩⁣

Leaving you to concentrate on the exciting bits; the actual build! 🏡⁣

Find out more via the link in our bio, or give us a call on 0800 612 5596⁣

...⁣


Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

#mortgageadvice #mortgagehomes #propertymarket #hampshirelife #mortgageprocess #mortgagebrokeruk #homeuk #mortagebrokers #homeownership #dreamhome #housebuild #selfbuildhomes #selfbuildcollective #homedesign #selfbuild #homebuilding #ourhome #selfbuildjourney #renovation #homesweethome #buildingahouse #selfbuilduk #mortgageadvisor #newhome #newbuild #ukmortgages

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The beginner’s guide to getting a mortgage - Yes Mortgage Services (7)

When it comes to self-build mortgage applications, there`s often quite a bit of paperwork involved 🫠⁣

You`ll need to submit documents such as planning permission, building plans, financial forecasts etc...⁣

But our mortgage advisors will take care of the whole mortgage application for you, from beginning to end.⁣

Including dealing with the paperwork! 🤩⁣

Leaving you to concentrate on the exciting bits; the actual build! 🏡⁣

Find out more via the link in our bio, or give us a call on 0800 612 5596⁣

...⁣


Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

#mortgageadvice #mortgagehomes #propertymarket #hampshirelife #mortgageprocess #mortgagebrokeruk #homeuk #mortagebrokers #homeownership #dreamhome #housebuild #selfbuildhomes #selfbuildcollective #homedesign #selfbuild #homebuilding #ourhome #selfbuildjourney #renovation #homesweethome #buildingahouse #selfbuilduk #mortgageadvisor #newhome #newbuild #ukmortgages
...

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In celebration of Crufts kicking off we`ve fetched our top tips for a hassle-free move with your four-legged bestie 🐶🐾 ⁣

Swipe to see ➡⁣

Don`t "fur-get" to save these tips for your next house move!⁣

...⁣


#crufts #dogsinstagram #movinghomeuk #doggiesofinstagram #movinghomes #pettips #crufts2024 #wontlookwednesday #petadvice #dalmationlove #movinghometips #homebuyeradvice #buyingahouse

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The beginner’s guide to getting a mortgage - Yes Mortgage Services (8)

In celebration of Crufts kicking off we`ve fetched our top tips for a hassle-free move with your four-legged bestie 🐶🐾 ⁣

Swipe to see ➡⁣

Don`t "fur-get" to save these tips for your next house move!⁣

...⁣


#crufts #dogsinstagram #movinghomeuk #doggiesofinstagram #movinghomes #pettips #crufts2024 #wontlookwednesday #petadvice #dalmationlove #movinghometips #homebuyeradvice #buyingahouse
...

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Whether you`re growing your family, getting ready to tie the knot, moving to a new home or starting a new job, these exciting moments can bring a lot of change – including changes to your insurance needs. ⁣

So it`s a good idea to give your insurance a check-up every now and then.⁣

To make sure that you`re protected in all the right places ✅⁣

Our lovely protection advisor, Kelly, is on hand to help you navigate these changes and ensure you have the right cover in place. ⁣

Send us a DM or call us on 0800 612 5596 to arrange a chat.⁣

...⁣

#newparentsinthemakin #newmumtobe #moneytipsandtricks #protectwhatmatters #insurancetips #financialadvice #newmumlife #newparentstobe #newmumslife #newmumuk #insuranceconsultant #insuranceadvisor #dorsetbusiness #dorset #mumlifeuk #dorsetlife

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Open

The beginner’s guide to getting a mortgage - Yes Mortgage Services (9)

Whether you`re growing your family, getting ready to tie the knot, moving to a new home or starting a new job, these exciting moments can bring a lot of change – including changes to your insurance needs. ⁣

So it`s a good idea to give your insurance a check-up every now and then.⁣

To make sure that you`re protected in all the right places ✅⁣

Our lovely protection advisor, Kelly, is on hand to help you navigate these changes and ensure you have the right cover in place. ⁣

Send us a DM or call us on 0800 612 5596 to arrange a chat.⁣

...⁣

#newparentsinthemakin #newmumtobe #moneytipsandtricks #protectwhatmatters #insurancetips #financialadvice #newmumlife #newparentstobe #newmumslife #newmumuk #insuranceconsultant #insuranceadvisor #dorsetbusiness #dorset #mumlifeuk #dorsetlife
...

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NO BROKER FEE!!!⁣

That`s right... we`ll NEVER charge you a broker fee for our mortgage services 🎉 ⁣

As a company, we believe everyone should have access to quality financial advice, regardless of their financial status 🤝 ⁣

Visit our website to learn how we can help you find the right mortgage for your needs (🔗 in bio)⁣

...⁣


Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

#househunter #homebuyeradvice #buyingahouse #hometips #ukhomes #mortgageoffer #propertytips #propertyfinder #ukproperty #movinghouse #buyingahouse #propertybuyers #letsbuyahouse #dreamproperty #housemove #newhome #moving #homes #foreverhome #mortgagetips #mortgageexpert #devonproperty #bournemouthbusiness #southcoastuk #mortgagebroker #mortgageuk #ringwood #hampshireuk #mortgageadviser

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Open

The beginner’s guide to getting a mortgage - Yes Mortgage Services (10)

NO BROKER FEE!!!⁣

That`s right... we`ll NEVER charge you a broker fee for our mortgage services 🎉 ⁣

As a company, we believe everyone should have access to quality financial advice, regardless of their financial status 🤝 ⁣

Visit our website to learn how we can help you find the right mortgage for your needs (🔗 in bio)⁣

...⁣


Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

#househunter #homebuyeradvice #buyingahouse #hometips #ukhomes #mortgageoffer #propertytips #propertyfinder #ukproperty #movinghouse #buyingahouse #propertybuyers #letsbuyahouse #dreamproperty #housemove #newhome #moving #homes #foreverhome #mortgagetips #mortgageexpert #devonproperty #bournemouthbusiness #southcoastuk #mortgagebroker #mortgageuk #ringwood #hampshireuk #mortgageadviser
...

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🏡 Saving for a house deposit isn`t easy, but the reward is definitely worth it. Here`s four steps to make it more doable:⁣

👉 Jot down your monthly income and expenses. ⁣

This gives you a clear understanding of your finances and helps you navigate unexpected expenses.⁣

👉 Break down the total amount you need to save into smaller, achievable chunks. ⁣

This will make your savings journey feel less `ARGHH 😱` and more `YAAAY 🥳`.⁣

👉 Look for opportunities to cut back wherever you can. ⁣

Maybe skip eating out as often or reconsider some of those paid subscriptions.⁣

👉 Keep an eye out for higher-yielding accounts or government schemes with tax incentives to maximize your savings.⁣

It can be tough, but keep going! The satisfaction of opening your own front door will make it worth it in the end.⁣

Save this post as a reminder to stay on track 🎯⁣

...⁣


Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

#housedeposit #firsttimebuyers #savingforadeposit #savingforahouse #househuntingadventures #firsthomebuyer #firsttimebuyertips #wellingtonsomerset #mortgageexperts #westcountry

1 0

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The beginner’s guide to getting a mortgage - Yes Mortgage Services (11)

🏡 Saving for a house deposit isn`t easy, but the reward is definitely worth it. Here`s four steps to make it more doable:⁣

👉 Jot down your monthly income and expenses. ⁣

This gives you a clear understanding of your finances and helps you navigate unexpected expenses.⁣

👉 Break down the total amount you need to save into smaller, achievable chunks. ⁣

This will make your savings journey feel less `ARGHH 😱` and more `YAAAY 🥳`.⁣

👉 Look for opportunities to cut back wherever you can. ⁣

Maybe skip eating out as often or reconsider some of those paid subscriptions.⁣

👉 Keep an eye out for higher-yielding accounts or government schemes with tax incentives to maximize your savings.⁣

It can be tough, but keep going! The satisfaction of opening your own front door will make it worth it in the end.⁣

Save this post as a reminder to stay on track 🎯⁣

...⁣


Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

#housedeposit #firsttimebuyers #savingforadeposit #savingforahouse #househuntingadventures #firsthomebuyer #firsttimebuyertips #wellingtonsomerset #mortgageexperts #westcountry
...

1 0

For #NewHomesWeek we`ve been uncovering the perks of buying a new build, and what better way to end than with one of the most popular reasons for buying a new build:⁣

When you choose to buy a new build home, there`s no pesky chain to potentially delay the process. And the developer might even offer a part-exchange scheme, taking on the task of selling your current home 🏡⁣

Less hassle, less risk of the purchase falling through and more peace of mind! 🤩⁣

Check out our other post from the week to discover if a new build is right for you.⁣

...⁣

Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

#newbuild #newbuildhome #newbuildhomejourney #newbuildhomes #newbuildhomeuk #ukhomes #newbuilduk #newbuildmortgages #mynewbuildnest #newbuildmusthaves #newbuildhouse #househunters #letsbuyahouse #homebuyer #homebuyersguide #househuntingadventures #mortgageadvisor #nobrokerfee #dorset #mortgagesmadesimple #dorsetbusiness

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Open

The beginner’s guide to getting a mortgage - Yes Mortgage Services (12)

For #NewHomesWeek we`ve been uncovering the perks of buying a new build, and what better way to end than with one of the most popular reasons for buying a new build:⁣

When you choose to buy a new build home, there`s no pesky chain to potentially delay the process. And the developer might even offer a part-exchange scheme, taking on the task of selling your current home 🏡⁣

Less hassle, less risk of the purchase falling through and more peace of mind! 🤩⁣

Check out our other post from the week to discover if a new build is right for you.⁣

...⁣

Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

#newbuild #newbuildhome #newbuildhomejourney #newbuildhomes #newbuildhomeuk #ukhomes #newbuilduk #newbuildmortgages #mynewbuildnest #newbuildmusthaves #newbuildhouse #househunters #letsbuyahouse #homebuyer #homebuyersguide #househuntingadventures #mortgageadvisor #nobrokerfee #dorset #mortgagesmadesimple #dorsetbusiness
...

1 0

The free expert advice we offer, combined with the number of mortgages we arrange, places us in a very great position to ensure that our customers have access to the latest deals and receive first-class service.⁣

Our Mortgage Advisors will take care of everything from explaining your options and helping you select the right mortgage to guiding you on the most suitable insurance for you and your family. They`ll even handle the application process on your behalf!⁣

Send us a DM or call us on 0800 612 5596 to book a chat.⁣

...⁣

Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

#ukmortgages #mortgagespecialists #mortgages #hampshirebusiness #ukmortgage #mortgagesuk #wellingtonsomerset #mortgageexperts #westcountry #mortgage #mortgagetips #mortgageexpert #devonproperty #bournemouthbusiness #southcoastuk #mortgagebroker #mortgageuk #ringwood #hampshireuk #mortgageadviser

1 0

Open

The beginner’s guide to getting a mortgage - Yes Mortgage Services (13)

The free expert advice we offer, combined with the number of mortgages we arrange, places us in a very great position to ensure that our customers have access to the latest deals and receive first-class service.⁣

Our Mortgage Advisors will take care of everything from explaining your options and helping you select the right mortgage to guiding you on the most suitable insurance for you and your family. They`ll even handle the application process on your behalf!⁣

Send us a DM or call us on 0800 612 5596 to book a chat.⁣

...⁣

Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

#ukmortgages #mortgagespecialists #mortgages #hampshirebusiness #ukmortgage #mortgagesuk #wellingtonsomerset #mortgageexperts #westcountry #mortgage #mortgagetips #mortgageexpert #devonproperty #bournemouthbusiness #southcoastuk #mortgagebroker #mortgageuk #ringwood #hampshireuk #mortgageadviser
...

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Eager to get on the property ladder but only have a small deposit? 👇⁣

Check out schemes like Shared Ownership and Deposit Unlock, which can make buying a newly built property more accessible and affordable for you 🌟🏡⁣

And remember, many developers offer incentives like paying all or part of your conveyancing fees, which is an added bonus of buying new! 💸⁣

Struggling to choose between a new build or older property? Join us for #Newhomesweek this week and uncover the perks of buying a new build. Tap follow so you don`t miss out!⁣

...⁣

Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

#firsthome #firstimehomebuyer #firsttimebuyers #newbuild #newbuildhome #newbuildhomejourney #newbuildhomes #newbuildhomeuk #ukhomes #newbuilduk #newbuildmortgages #mynewbuildnest #newbuildmusthaves #newbuildhouse #myfirsthome #firsttimebuyertips #firsttimebuyersuk #househunters #letsbuyahouse #homebuyer #homebuyersguide #firsthouse

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The beginner’s guide to getting a mortgage - Yes Mortgage Services (14)

Eager to get on the property ladder but only have a small deposit? 👇⁣

Check out schemes like Shared Ownership and Deposit Unlock, which can make buying a newly built property more accessible and affordable for you 🌟🏡⁣

And remember, many developers offer incentives like paying all or part of your conveyancing fees, which is an added bonus of buying new! 💸⁣

Struggling to choose between a new build or older property? Join us for #Newhomesweek this week and uncover the perks of buying a new build. Tap follow so you don`t miss out!⁣

...⁣

Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

#firsthome #firstimehomebuyer #firsttimebuyers #newbuild #newbuildhome #newbuildhomejourney #newbuildhomes #newbuildhomeuk #ukhomes #newbuilduk #newbuildmortgages #mynewbuildnest #newbuildmusthaves #newbuildhouse #myfirsthome #firsttimebuyertips #firsttimebuyersuk #househunters #letsbuyahouse #homebuyer #homebuyersguide #firsthouse
...

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Whether you’re looking to buy a new home or refinance the one you’re already in, our personal goal is to see that it ends with you getting the mortgage you need, when you need it, at the rate you deserve and with a level of care beyond anything you expect. ⁣

Just as Nathan, one of our advisors, did for Lyndsey who gave him this lovely review 🙌⁣

Visit our website to learn more (🔗 in bio) or give us a call on 0800 612 5596.⁣

...⁣

Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

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The beginner’s guide to getting a mortgage - Yes Mortgage Services (15)

Whether you’re looking to buy a new home or refinance the one you’re already in, our personal goal is to see that it ends with you getting the mortgage you need, when you need it, at the rate you deserve and with a level of care beyond anything you expect. ⁣

Just as Nathan, one of our advisors, did for Lyndsey who gave him this lovely review 🙌⁣

Visit our website to learn more (🔗 in bio) or give us a call on 0800 612 5596.⁣

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Your property may be repossessed if you do not keep up repayments on your mortgage. Yes Mortgage Services Limited do not charge a broker fee.⁣

...⁣

#ukmortgages #mortgagespecialists #mortgages #hampshirebusiness #ukmortgage #mortgagesuk #wellingtonsomerset #mortgageexperts #westcountry #mortgage #mortgagetips #mortgageexpert #devonproperty #bournemouthbusiness #southcoastuk #mortgagebroker #mortgageuk #ringwood #hampshireuk #mortgageadviser
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The beginner’s guide to getting a mortgage - Yes Mortgage Services (2024)

FAQs

What is the easiest place to get a mortgage? ›

Government-backed loan options, such as FHA, USDA and VA loans, are typically the easiest type of mortgage to get because they may have lower down payment and credit score requirements compared to conventional mortgage loans.

What credit score do you need to get a mortgage? ›

Credit score and mortgages

The minimum credit score needed for most mortgages is typically around 620. However, government-backed mortgages like Federal Housing Administration (FHA) loans typically have lower credit requirements than conventional fixed-rate loans and adjustable-rate mortgages (ARMs).

How to easily qualify for a mortgage? ›

There are a few steps that you can take to strengthen your mortgage loan application and improve your chances of getting an approval.
  1. Improve Your Credit. ...
  2. Lower Your DTI Ratio. ...
  3. Save For A Bigger Down Payment. ...
  4. Explore Government-Backed Loans. ...
  5. Consider Having A Co-Signer.

Is it better to use a mortgage lender or bank? ›

A full service bank ensures your loan will stay with the same company for the entire term. Do be sure to make sure that the bank does service their own loans. On the other hand, a mortgage company can offer fast closings, product availability, and loan originator expertise.

How much do I need to make for a 250k mortgage? ›

If you follow the 2.5 times your income rule, you divide the cost of the home by 2.5 to determine how much money you need to earn annually to afford it. Based on this rule, you would need to earn $100,000 per year to comfortably purchase a $250,000 home.

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