When applying for a mortgage, you don’t need a specific credit score to be accepted. This is because there isn’t just one credit score. The lender you approach will calculate your mortgage for you so that they can determine if you are a worthy risk. They want to know that you can be trusted and are likely to pay back the mortgage each month. A higher score usually indicates that you come with less risk. As a result, the more points you score, the better the chance of being accepted for a mortgage, and with better rates.
So, you finally have the keys to your new home. Congratulations!
Now, you may think the organisation stage is over, but there are still many things to do. The excitement of moving may currently be the biggest thing on your mind, but this is why Joules Estate Agents is here to ensure you tick these last-minute tasks off your list before you forget.
When it comes to joint ownership of a property, you may think this is a relatively simple process. However, joint ownerships come with legal complexities that can be quite confusing. This is why it is important for you to familiarise yourself with them before signing on the dotted line.