Post by @well.financial

First time buyers: worried about your credit score or credit file and whether it could stop you getting a mortgage? 🏡** If you're a first time buyer in the UK and you're planning to buy your first home, this video is for you. We’re ranking some of the most common credit issues that can affect a mortgage application, from things that are usually less concerning, such as hard searches and high credit utilisation, through to missed payments, payday loans, defaults, CCJs, debt management plans, IVAs, bankruptcy and repossession. If you’re a first time buyer with bad credit, missed payments, a default, CCJ or other credit issues, don't automatically assume you can't get a mortgage. Mortgage lenders all have different lending criteria, and things like how recent the issue was, whether it's been settled, your income, deposit, affordability and your overall financial circumstances can all make a difference. The important thing is to understand your options before you start making mortgage applications. We’re mortgage brokers helping first time buyers get onto the property ladder, and we share free first time buyer tips, mortgage advice, credit advice, house buying tips and property advice every day. If you're hoping to buy your first home, follow us for more free mortgage advice.🏠 And if you're a first time buyer planning to buy a house in the next 6 months, book an appointment with us and we can look at your individual circumstances and explain your options. #FirstTimeBuyer #FirstTimeBuyers #FirstTimeBuyerUK #FirstTimeBuyerTips #FirstTimeBuyerMortgage