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Buckinghamshire Advertiser - - BUCKS PROPERTY -

BTAINING a mort­gage can seem like a very daunt­ing task, but it doesn’t need to be, as there are a num­ber of small things you can do that could greatly in­crease your chances of get­ting your dream home.

The main point to re­mem­ber is that ev­ery lender has a dif­fer­ent view of its ‘per­fect can­di­date’ to lend to. Just be­cause you don’t fit one lender’s cri­te­ria doesn’t mean you won’t fit an­other’s. Un­for­tu­nately, re­la­tion­ships break up, so if you have fi­nan­cial links to some­one else, such as a joint bank ac­count from a pre­vi­ous re­la­tion­ship, you will need to sever that tie.

If your ex-part­ner, or who­ever the ac­count is linked to, makes a late pay­ment or any other credit mishap, it will re­flect on your own re­port. It sounds ob­vi­ous, but man­ag­ing your credit avail­abil­ity is im­per­a­tive when you are looking to se­cure the deal that you want.

Your ‘credit’ isn’t just your credit card limit. It’s also your debit bal­ances on your bank ac­counts and over­draft lim­its. When applying for a mort­gage, your last three months’ ac­count state­ments will come un­der scru­tiny. Be­cause of this, it’s a good idea to avoid applying for credit at this time as it could lead to re­jec­tion, putting a dent in your chances. Man­ag­ing your credit is just one as­pect of en­sur­ing that you give your­self the great­est chance of get­ting the right deal for your cir­cum­stances.

Applying for a mort­gage can be a scary prospect, but, with the help of a pro­fes­sional mort­gage ad­viser, it doesn’t need to be. For fur­ther in­for­ma­tion con­tact Ro­mans Mort­gage Ser­vices on 0118 3219 536, or visit: ro­mans.co.uk/mort­gages.There will be a fee for mort­gage ad­vice. The fee is up to 1%, but a typ­i­cal fee is 0.3% of the amount bor­rowed.

PLAN AHEAD: Be­fore applying for a mort­gage, try to en­sure your credit re­port is as pos­i­tive as pos­si­ble by re­duc­ing any debt.

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