Guide Options
The House Hop Guide to Mortgages
Save £850 on legal fees*
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*£850 is the average saving on a typical sale and purchase through our panel of conveyancing solicitors compared to using a high street solicitor (Survey of 52 high street solicitors, September 2010).
Click here for free conveyancing quotes
*£850 is the average saving on a typical sale and purchase through our panel of conveyancing solicitors compared to using a high street solicitor (Survey of 52 high street solicitors, September 2010).
How You Are Assessed
Lenders will look at your income (or joint income for couples), your outgoings, your credit history and the amount of deposit you have available. Since the credit crunch lending criteria have tightened up and it is now a lot harder to get a mortgage than in recent years.
If your credit history is poor you may be offered an adverse credit or sub-prime mortgage. These are more expensive, due to the greater perceived risk, so you may want to work to improve your credit rating before applying.
You can check your credit history for free, challenge any inaccuracies and learn how to improve it by visiting one of the main credit reference agencies: Experian, Equifax or Callcredit.
