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Before you apply, make sure the details on your credit score are correct. The new lender will check your credit score with credit reference agencies when applying for a remortgage.

If you can reduce your LTV, you interest rate deal might be lower.

Compare different deals from a range of lenders, giving your better chance of finding a rate that match your needs and personal circumstances.

Before applying for a mortgage, you must have a realistic understanding of your financial situation. If your financial health is in good standing, you are already improving your chances of becoming a homeowner.”

When buying a property for the first time in the UK- as a first-time homeowner- the chances are substantially high that you will need to put down a deposit. The higher this deposit- usually a percentage of the property price above 15%- the better your chances are of securing a lender willing to assist a first-time lender on such a scale.”

It is important to have a good understanding of the different types of mortgages available in the market and to look for the best deals

It's important to gather all the necessary documents well in advance when applying for a loan or credit. Here are the essential documents you'll need to have: ‍

• Proof of income: This can be in the form of payslips, tax returns, or accounts if you're self employed.
• Bank statements: Usually, you'll need to provide the last three to six months of bank statements.
• Identification and address proof: You'll need to provide a valid ID and utility bills or bank statements for address verification

When buying a home in the UK, there are several extra costs to consider besides the purchase price, and being aware of these costs can save you a lot of unnerving head-scratching:

• Stamp Duty Land Tax (SDLT): This tax is applicable to properties over a certain value, and the amount varies based on the property price and whether you are a first-time buyer or not
• Valuation Fee: The lender charges this fee to evaluate the value of the property you are interested in purchasing
• Survey Costs: These are the expenses related to examining the condition of the property you wish to buy.
• Legal Fees: This fee is paid to a solicitor or conveyancer for handling the legal aspects of your property purchase.
• Mortgage Arrangement and Broker Fees: If you use a mortgage broker, you may be charged a fee for their services. Furthermore, there may be a charge for setting up your mortgage.
• Insurance: You must buy building insurance, which mortgage lenders typically require, to safeguard your property in case of unforeseen events.