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First Time Buyer Mortgage

Adam Nunn and Jon Porter talk us through the mortgage process for First Time Buyers.

What are the typical requirements to apply for a mortgage as a First Time Buyer?

With any mortgage, whether you’re a First Time Buyer or an experienced homeowner, you will have to prove your identity and address. It’s also important to make sure you’re on the electoral roll.

You need to prove your income, whether you’re employed or self-employed. You typically need to provide three months’ bank statements to show your general income and expenditure, plus your credit report to inform us of any commitments, your credit score and credit history.

Then, of course, the all important thing is having a deposit and proving the source of funds for that.

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