How do I get a mortgage? We can help you.

We are often asked, “How do I get a mortgage”? First of all, we would recommend that you start thinking about your mortgage application at least six months before you apply. Here are some of the key steps to follow to ensure that you get the best mortgage for you.

Step one

Check your credit score. Mortgage lenders will use this to assess the way you handle your finances. You can check your credit score with Experian for free via the link on our website. If your credit score is low, you can work on it to improve it by-

• Checking and amending any mistakes on your report
• Reduce the amount of credit you have access to if you aren’t using it
• Make sure you appear on the electoral roll
• If you don’t have a credit card, apply for one. Make sure that you pay it off in full each month. You can normally do this by direct debit. The mortgage lender is looking that you have a record of reliably repaying your debts. To find out more about how to improve your credit score you can check out our previously published article.

Step two

Look carefully at your outgoings. When applying for a mortgage the lender will assess how much you can afford to pay, by looking at your outgoings. They may do this by asking for copies of three months of bank statements. Start to cancel anything that’s not essential, such as that gym membership that you no longer use.

Step three

Check out our best buy table to get a feel of the best rate. The rates are updated daily.  Remember that the lowest rate is not always the best mortgage for you. Additionally, the table will also help you get a feel of what the monthly repayments will be.

Step four

Book an appointment with one of our mortgage advisers. You might feel that applying directly to a mortgage lender online is the best way. However, being declined for mortgages that you were unlikely ever to get will quickly have a material impact on your credit score. Our adviser will be able to guide you to the most suitable mortgage for your circumstances. Furthermore, they often have access to rates that are not advertised by lenders.

How do I get a mortgage that’s right for me?

A mortgage is often the biggest and most important financial commitment of a person’s life.

There are many factors involved in getting a new mortgage and the process may seem complex and time-consuming.  But don’t worry!  We don’t expect you to take it all on yourself – we are here to advise you at every step of the way and to do most of the work for you.

How Anstee & Co can help you get the best deal.

We are a firm of independent mortgage brokers. This means that the advice we provide is unbiased. The initial meeting is at our expense and without obligation. We will undertake a full review of your financial circumstances and establish what you are wishing to achieve before making any recommendation. Simply give us a call to arrange an appointment and we can guide you through your mortgage from start to finish.

Meetings can be at a time that is convenient for you. This may be a meeting in the early evening or at the weekend. We also make use of video conferencing such as-

• Zoom
• Facetime
• Teams

Telephone conferencing, can also be arrange.

We make use of meeting rooms located at-

• Northampton, Kettering, Wellingborough and Thrapston in Northamptonshire
• Market Harborough, Leicestershire
• Bedford, Bedfordshire

We do hope that you found this article “How do I get a mortgage” useful and would welcome your feedback.

Finally, the information contained in this article is for information purposes only and does not constitute financial advice. No action should be taken based on this information alone. Anstee & Co is authorised and regulated by the Financial Conduct Authority (FCA).

AS A MORTGAGE IS SECURED AGAINST YOUR HOME, IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS.