Ready? Get Pre-Approved
If you have some savings and an idea of the type of property you'd want to buy, contact us to get connected with our trusted brokers.
Call + 44(0) 203 576 5089
Email sales@theidyll.co.uk
How to Get Financially Ready And Get Approved?
You can check your credit score for free with UK credit referencing such as Experian, Equifax or Check My Credit. Remember that each agency may have slightly different scoring systems, so it's good to check at least three to get a clear credit score.
If you have a low credit score rating, look into ways of building your score by paying your bills on time, keeping your credit use low or switching to low small credit limit that you can repay easily.
Speak to our trusted mortgage brokers who can help determine how much you can borrow, so you can plan saving towards your deposit (usually 5%-20% of the property price).
Saving can be challenging, but there are Individual Savings Accounts (ISAs) that can help increase your savings for your deposit and legal fees, such as solicitor fees and stamp duty.
First-time buyers can use a Lifetime ISA (LISA) to purchase their first home costing up to £450,000. The government offers a 25% bonus on your savings, which can amount to up to £1,000 per year if you save the maximum annual amount of £4,000.
Look at the comparison websites for the best loans and interest rates from lenders, or save time searching by speaking to a mortgage broker who can help find the right mortgage.
Track your spending and cut back on unnecessary expenses as this will help make it easier for lenders to assess your reliability.
Types Of Borrowing Options Available
How We Can Help
Buying your first home or next home is exciting, but it can also be overwhelming. This is where we step in to help you navigate the mortgage process with ease:
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Understanding mortgage options
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Guidance on government assistance programs
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Pre-approval assistance
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Expert advice on budgeting and affordability