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The home buying process can be exciting, however, as a first time buyer, this unfamiliar experience can be daunting.
Here at Premo Financial, this is something we understand. This is why we have a fantastic mortgage advice team who strive in providing a supportive and stress-free service.
We have a brilliant reputation helping many first time buyers fulfil your mortgage dreams. We have a team of skilled mortgage advisers who are dedicated to working with you patiently and efficiently, striving to achieve the best possible results.
Our aim is to make the process of transitioning into a first-time homeowner as smooth and hassle-free as possible, so that you can achieve your goals without unnecessary stress.
Our team is dedicated to providing comprehensive support throughout the journey, and we’re always available to address any questions or concerns that may arise along the way.
You can count on us to guide you through every step of the process and help you achieve your dream of owning your first home.
For new mortgages, we have created a check list of what paperwork and documentation we will need from you.
To get more answers to your queries, please email to info@premofinancial.co.uk, and we'll get back to you!
How much you can borrow depends upon three points:
Our advisers will guide you through the details to help you understand your choices from the beginning.
Once a mortgage provider is chosen, they will go into more detail on the value of your new property and your credit score based on your credit history. The higher the score, the more likely you’ll be accepted for a mortgage – perhaps even a better rate.
Start by looking at the property prices in the area you want to live and work out how much you can afford to repay each month.
Mortgage providers have a maximum loan to value (LTV) they’re prepared to offer – this is the maximum amount you can take out as a percentage of the property value.
For example, if the property value is £200,000 and you’re offered a mortgage of £170,000, your LTV is 85% and you need a deposit of £30,000 (15%). A higher LTV ratio means more risk for the provider, so they may charge you higher interest rates and fees.
The information on this website is for use of residents of the United Kingdom only. No representations are made as to whether the information is applicable in any other country that may have access to it.
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