At Keywest, we feel confident that we can boost your mortgage chances to help you to find your dream home

We’re also sure that we can offer you some great tips on increasing your chances of getting the mortgage that you want – or any mortgage at all.

Here are our top seven tips:

Save and Save Some More

The more money you have as a deposit, the less you will have to pay in mortgage costs. You are likely to get a better interest rate with a bigger deposit, although there are plenty of higher loan-to-value (LTV) products available if your deposit isn’t huge.

Get on the Electoral Roll

This is vital when it comes to being accepted for a mortgage, but it can get overlooked, particularly if you have moved house frequently.

Credit-Rating Check

Failed applications will affect your credit rating, and so it is worth checking the state of your credit report before you apply for a mortgage. Hopefully, it will not reveal any problems, but even if issues are highlighted, it is better to be aware of your situation and start taking steps to make your credit score better.

Get Yourself A Credit Card

If you haven’t got any debts, you may still not be accepted for a mortgage. This is because no credit history means no credit score, and no way of lenders assessing whether you’re likely to pay them their money back.

Getting a credit card is a good first step in building up your credit score. You should pay off the full amount each month, however, if you want it to have the most positive effect when it comes to mortgage applications.

Repay Debts

Whilst some credit can be good when it comes to mortgage success, too much may have a detrimental effect. If you have a lot of unpaid debt or access to a large amount of credit, lenders may be uncertain about lending you more.

Be Realistic

Be realistic about the amount you can borrow, and consider the possibility of future changes in interest rates and circumstances when assessing how much you can afford to repay.

Get Advice

Professional advice can be invaluable when it comes to finding the best possible mortgage for you. We can help with this. Simply get in touch today 01162 544 555, and the expertise of our trained team of mortgage advisers could be at your disposal.