Buying a house is a big decision for first-time buyers in King’s Lynn as would be the case anywhere in the world.
Get proper advice
Unless you get the correct mortgage advice, things can get confusing, stressful and time consuming for you. It can become even more stressful later if you have acted without the sorts of full information that an adviser would provide.
At The Mortgage Bureau, our mortgage advisers will help remove the confusion, save you time and provide the right first-time buyer mortgage advice.
Being an independent mortgage broker here in King’s Lynn, we are not tied to any lender or estate agent. When we have a full understanding of your current situation this allows us to match you with the most suitable lender.
Because we want to help our customers make the right decision as first-time buyers in King’s Lynn, here are some tips you should consider:
- Responsibility: All lenders will check your financial situation so you should be in a position to show that you are responsible. For example, pay off your credit card bills and other debts on time to show that you can be responsible for the mortgage payments. That way you build up a healthy credit history that shows that you can be trusted.
- Save Hard & Boost Your Savings: As a first-time buyer, you should be prepared for the deposit and the mortgage repayments. Work out how much cash you are left with at the end of each month. Instead of keeping it in your current account, it should go straight into a savings account. That way you will not be tempted to spend it. Similarly, you should look for ways to boost your monthly savings. Cut down on any expense that isn’t benefitting you or your family. The bigger deposit you have, the better choice of mortgage deals you will have.
- Choose Your Mortgage Wisely:While our experts will help you get the right mortgage deal, you should still choose it wisely. The most important factor to consider is the overall cost of the deal, not just the interest rate. Don’t get tricked with a low rate deal, as it may come with fees and other charges payable at a later date. We will point these out to you.
- Compromise: Sometimes things don’t turn out the way we expect. It could be the location of your new property, or its size or its condition. Being able to compromise on any of these things could make the world of a difference for you, especially when it comes to buying your first home.
About King’s Lynn
King’s Lynn is the first town you come to when entering Norfolk by car from the North or West, sitting on the A47, A17 and A10 trunk roads. It also enjoys an excellent train service to London King’s Cross via Cambridge.
Our King’s Lynn office enjoys a prime location at the top of King’s Street just off Tuesday Market Square which is large public car park. A number of local estate agents with which we work closely are located nearby.
We serve customers from the North Norfolk Coast (such as Burnham Market), West Norfolk (such as Fakenham), South West Norfolk (such as Downham Market) and North Cambridgeshire (such as Wisbech) as well as surrounding towns and villages such as Anmer, Beachamwell, Castle Acre, Clenchwarton, Denver, Dersingham, East Rudham, Fincham, Gayton, Gatwood, Great Massingham, Harpley, Heacham, Hillington, Houghton, Leziate, Narborough, Northwold, Pentney, Sandringham, South Wootton, Tilney All Saints, Walpole, West Rudham and West Winch.
King's Lynn has a rich Hanseatic heritage and some very royal links, it's a popular destination for people exploring West Norfolk. With a name change from no other than King Henry VIII himself, King’s Lynn’s historical storyline is full of adventure, excitement, blood and betrayal and it has all been perfectly preserved by the local Heritage Fund.
The Mortgage Bureau, 50 King Street, King's Lynn, PE30 1ES | Telephone 01553 770102 | Website | Facebook
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