1. Not Knowing Your Budget
Many buyers start house hunting before understanding what they can afford.
Always get a Decision in Principle first.
2. Not Checking Your Credit Score
Your credit history can impact:
- Whether you’re accepted
- The rates you’re offered
3. Saving the Bare Minimum Deposit
While 5% is possible, a bigger deposit gives you:
- Better mortgage deals
- Lower monthly payments
4. Going Direct to One Bank
This limits your options.
A broker can access multiple lenders, increasing your chances of approval.
5. Ignoring Extra Costs
Buying a home isn’t just the deposit.
You’ll also need to budget for:
- Solicitor fees
- Surveys
- Moving costs
Get It Right From the Start
Avoiding these mistakes can save you time, stress, and money.
Speak to an expert before you begin.
Need help? Speak to Jack Gear Financial today for clear, no-jargon mortgage advice.
