Advice for first-time buyers
Taking your first step onto the property ladder can be daunting. We’ll walk you through the process, explaining what’s involved and the full costs.
How lenders assess your application
The mortgage market changes constantly, not just in terms of deals and regulations but also in how lenders assess loan applications.
They base their decisions on a variety of factors, primarily:
- The property: Its type, condition, access, and location.
- Employment status: The amount and frequency of your income, plus time in your current role.
- Financial commitments: Your current and future outgoings, as well as your history of managing credit.
There is now increased emphasis on affordability and expenditure. This contrasts sharply with the traditional method of simply multiplying your annual income by a set multiple to determine the maximum loan amount.
How we can help
At HCF Partnership, we take pride in keeping up to date with regulations, legislation, and the economic market. We understand your needs, align them with lenders’ requirements, and help protect you and your dependants once you’ve purchased your property. In this way, we assist you in saving time and money.
A key benefit of being a first-time buyer is the absence of a property chain, which can make you more attractive to sellers. With access to many lenders, we are well-equipped to help you.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Ready to speak with an adviser?
Request a call back
Gain a clearer understanding of your current circumstances and the options accessible to you by arranging a consultation with an independent financial adviser.
Where we are
HCF Partnership
Ground Floor, 8 Beaumont Gate,
Shenley Hill, Radlett,
Hertfordshire, WD7 7AR