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7 MUST Do Mortgage Application Tips for First Time Buyers - How to Prepare Properly

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Book a free chat with Alex: link.coursecre...
UPDATED 7 Mortgage Application Tips for First Time Buyers - How to Prepare Properly • 7 MUST Do Mortgage App...
7 Mortgage Application Tips for First Time Buyers - How to Properly Prepare and apply for a Mortgage Application. Are you wondering how to apply for a mortgage ?
In this video I provide 7 critical preparation tips you MUST do before applying for a mortgage as a first time buyer, around documentation and registrations.
This includes:
Registering on the voters roll as a first time buyer
Obtaining bank statements as a first time buyer
Make sure all your documents have the correct data on before a mortgage application
Your employment status as a first time buyer
Advice as a self employed first time buyer
Check my file - The importance of using a multi agency report as a first time buyer
ID & Address verification as a first time buyer
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Enquiry: mortgagechain....
Subscribe to my channel: www.youtube.co...
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***SHOW NOTES
CHECK MY FILE - This is step 1 as a First Time Buyer. Check your credit file!
Free Credit File Check. Check your credit score from the outset! Use checkmyfile as they provide reports of all three credit file agencies the mortgage lenders use to credit score you, on one file (Experian, Equifax and Transunion)
checkmyfile offer a 30-day free trial which is then £14.99 a month thereafter and can be cancelled at any time.
Check my free credit score now:
www.checkmyfil...
Mortgage Application Tips Playlist:
• One MUST DO Mortgage A...
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**MORTGAGE CHAIN LTD**
Mortgage Chain Website - www.mortgagech...
Book a free no obligation chat - link.alexkerr....
Mentorship Program - First Time Buyer Expert
link.alexkerr....
---
*SHOW NOTES & LINKS**
Check My File - Download Free Credit Report: link.alexkerr....
Contact: www.mortgagech...
Subscribe to my channel: www.youtube.co...
*NEW! Download FREE First Time Buyer Pack
link.alexkerr....
QUOTING PORTAL (Solicitors, House Insurance and Surveys)
www.mortgagech...
---
**CREDIT FILE CHECKS**
CHECK MY FILE - This is step 1 as a First Time Buyer. Check your credit file!
Free Credit File Check. Check your credit score from the outset! Use checkmyfile as they provide reports of all three credit file agencies the mortgage lenders use to credit score you, on one file (Experian, Equifax and Transunion)
checkmyfile offer a 30-day free trial which is then £14.99 a month thereafter and can be cancelled at any time.
Check my free credit score now:
link.alexkerr....
Correct Errors on Your Credit File:
Contact Experian: ins.experian.c...
Contact Equifax: help.equifax.c...
Contact Transunion: www.transunion...
Apply for Voters Roll: www.gov.uk/reg...
---
**BOOK A FREE CHAT**
Book a Free, No Obligation Call with Alex Book Now:
link.alexkerr....
DISCLAIMER: This video and description contains affiliate links via the above checkmyfile, Uswitch and credit ladder links, which means that if you click on one of the product links and purchase the product, I’ll receive a small commission. This helps support the channel and allows us to continue to make videos like this. Thank you for the support!
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BAD CREDIT ?
Download our FREE Adverse credit mentorship program below:
link.alexkerr....
---
FACEBOOK GROUP For First Time Buyers:
/ firsttimebuyeruk
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⚡QUESTION OF THE DAY: Are you having any problems with obtaining any of the documentation required for a mortgage ? Let me know! 👇👇👇
---
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
#FirstTimeBuyerTips #MortgageDocuments #alexkerrmortgage

Опубликовано:

17 авг 2024

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Комментарии : 497

@alexkerrmortgage Год назад

Book a free chat with Alex: link.coursecreator360.com/widget/appointment/mortgage-chain

@HotChoccyWoccyYT 3 года назад

Just bought my first house, just had to come back to say thank you for this video it helped massively

@alexkerrmortgage 3 года назад

Glad it helped! Thank you for your kind words! Alex

@SophieKirkhamHypnobirthing 3 года назад

Thank you for this. Your pace is so steady and slow. We are just embarking on the journey to get in a position to apply for a mortgage loan and I’ll be watching all your stuff 👍🏽👍🏽 They slow pace really helps me to follow

@alexkerrmortgage 3 года назад

Glad you are getting value! :-)

@MissLinCee 3 года назад

I love how calm you are it’s a breath of fresh air watching your videos x

@alexkerrmortgage 3 года назад

Thank you very much!

@rachelunigwe 4 года назад

I love how calming your voice is well done 👍 Alex.

@alexkerrmortgage 5 лет назад

⚡QUESTION OF THE DAY: Are you having any problems with obtaining any of the documentation required for a mortgage ? Let me know! 👇👇👇

@amitkaushik5841 4 года назад

Hi, I am comfortable with all the aspects mentioned in the video. However, I am getting my deposit as a gift from my parents who live outside the UK. My UK passport clearly states their name as my parents, and they are okay to provide information such as the letter of gift and their bank local statements (solicitor stamped). My questions are, firstly, will it be a bad point in my application, also, how many months bank statements do they need to include. Thank you in advance.

@hifive6715 4 года назад

Hello, what is the stamp duty for a first time buyer if the property is £350.000 to £375.000? Thank you

@alexkerrmortgage 4 года назад

@@hifive6715 £350,000 = £2,500 and £375,000 = £3,750. Here is our stamp duty calculator so you can easily calculate it for any property price - mortgagechain.co.uk/stamp-duty-calculator/ Any further questions let me know! Alex

@oyegokemubarakadebayo5179 4 года назад

I had a poor credit report I needed to pay bills and make changes in my apartment as things where getting Shabby, I paid various hacker to help boost my credit score and clear the bad stuffs on my credit but they couldn’t change a thing. I have been scammed several times I really needed to fix my credit report, I came across a lady at the store by name Mariela as she was telling to her friend about her hacker, I had to stop and ask her a few questions we where getting to know each other, as she shared with me a testimony of a great hacker Roy, how he fixed her credit and gave her a Good score. I decided to give a try on the hacker, I had a strong hope he would put a smile on my face. I contacted Credit MasterFix Hacks LLC explained to him my situation, he explained the process and requested for my information. In less than 72 hours my score was raised from 465 to 789 and in exactly 5 days my credit got in good shape, all late payment and negative items was pulled out i can tell you with all sincerity that my life is back to normal and things are actually working out for me and my family, all thanks to Credit MasterFix Hacks LLC you can get to him via creditmasterfix▪com God bless him

@nyloves0216 4 года назад

amit kaushik did you get this sorted out? If so how did you resolve this?

@alexkerrmortgage 2 года назад

*UPDATED* 7 Mortgage Application Tips for First Time Buyers - How to Prepare Properly (2022) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-RHz2_lNkA9A.html

@suzannesmythe6773 4 года назад

I've just applied for a mortgage and everything is going through at the moment. I wish I found your channel sooner

@alexkerrmortgage 4 года назад

Thank you for your kind words! And good luck with your purchase. Alex

@AC-kk2mi 3 года назад

You have provided extremely useful advice. I have already implemented some of them.

@alexkerrmortgage 3 года назад

Glad it was helpful!

@luchanobogdanov7663 4 года назад

Awesome. Speed up to 1.75 and you are golden!

@lucaschristian135 4 года назад

Thank you!

@alexkerrmortgage 4 года назад

ok I will practice on getting quicker :-)

@lucaschristian135 4 года назад

@@alexkerrmortgage no shade meant at all!! You still did a really good job at helping me learn!!!

@alexkerrmortgage 4 года назад

@@lucaschristian135 Its ok I know exactly what you mean! A video flows better when its quicker!

@jameshunt8783 4 года назад

Great video and good advice. Looking at buying my first property and this really helps! Thanks!

@alexkerrmortgage 4 года назад

Hey James, thanks for the comment! That sounds awesome, good luck! if you need any help with that, just let me know. Alex

@mimiw8780 4 года назад

this video was extremely useful. thank you for posting these tips!!!

@mustafakazi715 3 года назад

Thank You, Alex. This video helped me a lot to understand how to do a plan before buying a property. Hopefully to get it mine soon.

@alexkerrmortgage 3 года назад

Thanks for your comments, really glad it has helped you!

@shineworkspro4584 2 года назад

Thank you so much for the drilling I needed it

@Lucian86 2 года назад

I was very annoyed with the "do not spend on your credit card" rule before applying to my mortgage. I use credit cards because I get literally 30 days free credit on all my purchases since I pay the balances on time so I avoid spending any penny on interest. It's also very easy to manage your cash flow since you only pay your credit card once a month and helps put aside the right amount to invest an ISA or something else. That should be added as a plus, not a minus but lenders do look at you as an average individual based on your profile, not at your specific case.

@alexkerrmortgage 2 года назад

I understand your frustration but this process would be too difficult to manage on every single application.

@James-bc1jk 3 года назад

It's amazing how fucked up the system actually is so basically live how they want you to live 😂👌

@majackslelo827 Год назад

Thanks man😁

@alexkerrmortgage Год назад

No problem 👍

@Bella-ly6cm Год назад

Alex you are a blessing!! My partner and i are about to start the whole process of buying our first home and it's so overwhelming Alex. Thankfully our credit is excellent for both of us and we are now living "vanilla" for the next 3 months making sure any loose ends are cleaned up and finances are good while we get all our documents together. Thank you Alex for this video it's a huge help. I look forward to returning to your channel and letting you know that we have achieved our dream!! I've taken so much notes down from your videos. I can't thank you enough 🙏🏼

@alexkerrmortgage Год назад

Hi Bella, thanks for watching and I would love to know when you achieve your dream. Please drop in and let us know!

@melliott5839 3 года назад

Good video. No background music noise. Speak slowly & clearly you 👍

@alexkerrmortgage 3 года назад

Thanks for the kind words!

@Shahjiglobal 3 года назад

very informative, video explained everything in easy and comprehensive way. Thank you for making the video.

@Marketplacere 2 года назад

Really its an informative content

@dannysavage7746 3 года назад

Thank you Alex I've watched all your video took your advice I've been offered a proper mortgage during this pandemic I'm buzzing thank you

@alexkerrmortgage 3 года назад

Thanks Danny! And good luck with your nee home :-)

@jigarpatel6819 4 года назад

Amazing and useful infos given step by step.

@MrKerimhoroz 4 года назад

You literally explain perfectly well! Thanks very much for you time that you share for us.

@yangbenkinima97 4 года назад

Thanks for info....waiting for your next video...

@alexkerrmortgage 4 года назад

Hi Limbuhang1, no worries! Alex

@noreenmukalazi871 3 года назад

Thanks Alex really useful stuff here.

@solomoncarpenter6523 Год назад

Thanks for sharing your knowledge with us.

@alexkerrmortgage Год назад

No problem, any time, and thank you very much for watching!

@fxkrxblox6303 3 года назад

Very clear advice

@dre7sus 3 года назад

This is a fantastic video, thank you for the tips, your page is amazing and extremely informative.

@alexkerrmortgage 3 года назад

Glad it was helpful!

@ASPIRE_80s 4 года назад

Hi, Thanks for a nice video with tips. I live in rented accommodation where all bills and council tax are included. I don't have any utility bill. What shall I do?

@alexkerrmortgage 4 года назад

Hey! So in this instance, a bank statement can double up proof of address as well. Lovely!

@UmarAli-gw9hj 3 года назад

Very helpful, thanks so much. Just subscribed.

@alexkerrmortgage 3 года назад

Thanks for the sub!

@pumakel1 3 года назад

Buy a tent instead that’s how I feel when I checked how much I can borrow versus how much I need

@alexkerrmortgage 3 года назад

Sorry to hear that, have you considered shared ownership?

@harrietcoombes5015 2 года назад

Hey Alex, another great vid! Your voice is incredibly relaxing . Anyway, do mortgage lenders look at how much money you have left over at the end of the month? I am a primary teacher and pay £850 and £220 for council tax. This is easily paid with my wage, but typically I don’t have loads left over at the end of the month. Last three months probs had 170 left over in august, 430 in September and 180 in October. I’m just getting so paranoid over everything going wrong and getting rejected! Any soothing words for me …. Hahaha

@alexkerrmortgage 2 года назад

Thank you for your kind words! The lender would go through a budget planner with you during a mortgage application, as long as affordability fits when looking at the amount you can borrow you would normally find there’s enough surplus left in your income, as lenders stress test when calculating affordability. It’s always good to use the lenders affordability calculators to get a feel for how much you can borrow and your affordability.

@avinashbhogun 3 года назад

This is good guidance and advice. Thanks!

@ToxicVaccines_HivHoax 2 года назад

5:03 Payslips now days are all send by emails. No paper payslips anymore. Can downloadable emailed payslips used for proof of income?

@alexkerrmortgage 2 года назад

Yes downloading them as a PDF would be absolutely fine.

@Marketplacere 2 года назад

Good advice. This is amazing alex ! keep posting

@alexkerrmortgage 2 года назад

Thank you! Will do!

@vickyharrison5241 4 года назад

Great video. Very helpful. Thank you

@alexkerrmortgage 4 года назад

Vicky Harrison thanks Vicky!

@valnickgaviao8234 4 года назад

Thank you for your help. 😊

@syambandi5247 2 года назад

Thank you very much for the informative video.

@alexkerrmortgage 2 года назад

No worries, thanks for watching. Please subscribe, we have an updated version of this coming in a few weeks!

@zuhritahir 3 года назад

Thanks for the info Alex. Definitely helped! I was wondering what bearings a high credit limit would do to my application?

@alexkerrmortgage 3 года назад

Do you mean from a credit card ?

@zuhritahir 3 года назад

@@alexkerrmortgage that's right

@sephrah_precious 2 года назад

@@alexkerrmortgage Is £2k too much on a cc?

@alexkerrmortgage 2 года назад

@@sephrah_precious is that total debt ? What is annual income (approximately) ?

@sephrah_precious 2 года назад

@@alexkerrmortgage no this is cc limit. I spend little on it then pay it back. Wondering if I should reduce it before applying?

@nufaxoxo7890 4 года назад

Hi Alex, I am wondering is this pointers for when the solicitor gets involved or does this occur before seeking a solicitor?

@alexkerrmortgage 4 года назад

Hi Nufa, sorry I haven't completely understood your question, can you expand on that a bit please ? Thank you, Alex

@denisarotaru6646 4 года назад

Hi Alex ! Thank you for your useful videos ! Me and my partner are thinking to buy our first property here in Uk but we still don't have the money for full deposit. Would it be an issue if we apply for a credit to pay the deposit ? Would this affect our situation or decrease our chances of getting the mortgage? Thank you !

@alexkerrmortgage 4 года назад

Hi Denisa, here is a video on no deposit mortgage... ! It is possible, but due to covid its on hold... It will likely come back. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-5XI097qxg1M.html

@ahmedabdullahi8502 4 года назад

Thank you soo much

@richardedwards6949 2 года назад

Excellent stuff, thank you

@alexkerrmortgage 2 года назад

Glad you enjoyed it. Come on the gunners!

@SaintOrCinema 3 года назад

Very helpful. Thank you

@peeerlyb.7762 3 года назад

Thanks really helpful

@MuhammadKhan-yl7mt 2 года назад

Great stuff

@khurramahmadgoraya2222 3 года назад

Great video very informative thanks Alex

@ellis-paigemartin6679 4 года назад

Will my online shopping on my bank statements affect us getting a mortgage? What kind of spending so I need to avoid (what is a vanilla statement) ?

@alexkerrmortgage 4 года назад

Spending is ok for most things, just as long as you don't have excessive spending patterns, the lender will not be concerned.

@jessicahall513 3 года назад

Hi Alex! Such an informative video thanks. re Utility bills - What about if you and your partner have moved back in with your partner's parents to save additional money for a deposit? We won't be on any utility bills but of course have updated addresses on credit card, bank statement, registered to the local doctors etc. Thanks in advance!

@alexkerrmortgage 3 года назад

Hi Jessica, thanks for watching! You can use a bank statement for proof of address :-)

@sajib9586 6 месяцев назад

It is like the whole information for getting the mortgage done. thank you

@alexkerrmortgage 6 месяцев назад

Glad it was helpful!

@ratie2893 3 года назад

Wow thanks so much Alex.. Wanted to find out on the proof of deposit issue, what if the deposit is accumulated as a result of small scale trading (not registered, the kind of Facebook market or ebay thingy) wondering if this will be acceptable.

@alexkerrmortgage 3 года назад

As long as you submit a self assessment return, you will be fine as that is evidence of your income 👍🏻

@josephmusembi4391 4 года назад

Tomorrow I apply fro my mortgage. Fingers crossed. 🤞

@alexkerrmortgage 4 года назад

Good luck!

@brianpumper8790 3 года назад

I was gifted a deposit and wanted to buy a property though a ltd company but I have no history of income, or credit history.

@alexkerrmortgage 3 года назад

Sounds like a buy to let... might be possible... please call us a book a free consultation with myself or Andrew on 03333446869

@successacademy4789 4 года назад

Hi Alex can you please let me know how to save deposit? I have money comes and goes very quickly at the end no real savings so please let me update how to save at least 24k within year. Thank you

@alexkerrmortgage 4 года назад

Hiya, you need to reduce your outgoings. Can you live at home for example ?

@judithdoe6137 3 года назад

I’ve had a CCJ on a utility bill for a small amount. It’s now 4 years old. Can lenders be put off by this? We have most of items you’ve listed. Everything else you’ve explained is very helpful as we’re trying to put all these things together plus continue saving 😩Your tips are very useful thank you for sharing in a calm clear manner 🙌🏾

@alexkerrmortgage 3 года назад

There will likely be lenders that will have criteria, that would ignore this.

@craig1996 2 года назад

you're in the same boat as me, me and my partner have been refused ☹️ have you had any luck?

@hebaisk91 4 года назад

This is really helpful😊

@Kim-m2z 3 года назад

Living in shared accommodation. bill is included in rent i pay so how am i supposed to get utility bill ?

@alexkerrmortgage 3 года назад

k driving license or bank statement will be ok

@MariaBraga-gl7kb 3 года назад

How can i get a proof of utility bill if I've always rented a room with all bills included?

@alexkerrmortgage 3 года назад

Bank statement!

@dbulut8461 5 лет назад

Hi great video just wanted to ask how long it will take to get a mortgage in principle?

@alexkerrmortgage 5 лет назад

Hey Deniz, a mortgage agreement in principle can be obtained quickley within an hour or so - However prior to this, we would need to be sure that everything fits into place, such as affordability. We conduct a "Strategy call" with our clients to go through this part before an agreement in principle. Run past me what you had in mind ? Feel free to email me as well on alex@mortgagechain.co.uk - Thank you!

@JakeM218 3 года назад

With the 2 years for self employed, do they average the 2 incomes and then X 4.5 to get the affordability? Or will some look at 2 years, but favour the most recent year for a growing business?

@alexkerrmortgage 3 года назад

Most high st lenders will average 2 years... some specialist self employed lenders will take latest years, but rate higher when compared to high st.

@JakeM218 3 года назад

@@alexkerrmortgage Thanks Alex!

@alexkerrmortgage 3 года назад

@@JakeM218 any time!

@ExeterboyWilliams 4 года назад

I’ve only been self employed for 6 months is that a problem? Beforehand I was fully employed for 5 years

@alexkerrmortgage 4 года назад

Jason Williams Hi Jason, we need 12 months trading minimum. Not too long to go!!

@amvenitdedeparte 4 года назад

hy there sir can you explain the simple calculation steps to reach the final mortgage amount that the bank will lend you based on you incomes? thank you very much cheers

@alexkerrmortgage 4 года назад

Are you employed or self employed ? Alex

@hussainmulla805 4 года назад

Hi mate, great video. Im saving for a deposit, all my money is in my current account. Is that ok or does it have to be in my saving account? Cheers Alex, looking forward to hearing from you.

@alexkerrmortgage 4 года назад

Hi Hussain, what I would do is put it into your savings account, and then transfer from your current account to your savings each time you want to save more. What the lenders want to understand is where has the deposit come from. If its obvious you have a trail starting from with a balance of zero, then its clear the savings are from you.

@cornel708ify 4 года назад

Hi Alex you have great videos. I have a question. If i sell a flat outside the uk to use the money for deposit how its that work i still qualify as a first time buyer,how i explain those money? Thank you very much.

@alexkerrmortgage 3 года назад

Hi Cornel, thanks for watching! You would not be classed as a first time buyer if you own a property in another country. Alex

@TheWatcher66 3 года назад

Mai degraba nu intrebai, coaie. 😂😂😂. Zi și tu ca ți i a dat o Mătușa. 😈😂

@paulhill9800 3 года назад

Love watching your videos, learn something every time.

@alexkerrmortgage 3 года назад

Awesome, thank you!

@justinakinade9106 4 года назад

Looking to buy council property via right to buy with max discount. Also want to use discount as deposit. How possible is this?

@alexkerrmortgage 4 года назад

justin akinade awesome, we have a few going through at the minute. Definitely possible with a few lenders. What council ? If you can email me the market value and discount purchase price I can let you know if there is an option for you now. When is deadline ? email: alex@mortgagechain.co.uk

@zeroogwomenbluechip9783 3 года назад

Any videos now during coronavirus as lots have changed?

@alexkerrmortgage 3 года назад

Here you go! ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-PGzF5-Jn_uQ.html

@mavicmedia8827 3 года назад

Hi alex, i dont have a utility bill as moved in with my dad to save money, can i use a drivers licence or bank statement? Great vid as always 👍

@alexkerrmortgage 3 года назад

Bank statement is the one!

@jessica-zi6ui 2 года назад

Amazing thanks 🤗

@amahdi6445 Год назад

Thanks for doing this video, my gas and electricity are pay us you go, is the council tax bill alone will be accepted ? For prove of address Thanks again

@alexkerrmortgage Год назад

As long as the council tax is in the current year, then that will be fine or a bank statement with your address on it.

@MrGangaboba 4 года назад

Hi Alex! Great video! I had a question, what actually happens to all the payments you’ve made if your house gets repossessed?

@alexkerrmortgage 4 года назад

Hi and thanks! Ok so if your repossessed the lender will likely make a quick sale below market value to obtain their funds back... any remaining equity will go back to the owner. (if there is any)

@MrGangaboba 4 года назад

alexkerrmortgage great thanks but what I meant was what about all the money that has been paid by the homeowner? Are all previous mortgage payments towards to property lost?

@lucaschristian135 4 года назад

@@MrGangaboba they're gone they don't go back to anyone

@ModernWarfareBroZ 3 года назад

Excellent

@1308lee 4 года назад

I'm looking into buying my first property. How important is it to have a vanilla bank statement for the last 3 months? I currently have a lot of disposable income, around £2-300 per week disposable but my statements are... well.... as wild as you'd expect with that much disposable income. Should I just spend 3 months being good? Or is it something that can be overlooked? A house is coming up for sale very soon and I wanted to buy before it's listed for sale. It's a recent inheritance. Any help would be appreciated

@alexkerrmortgage 4 года назад

Lee AF hi Lee, thanks for the question. I would not adapt that as a tactic myself as lenders could ask for for statements going further back. Email me at alex@mortgagechain.co.uk your statements and I can provide a free check and advice accordingly 👍🏻

@MD-ek1cy 3 года назад

Probably a stupid question but I have been working part time for a long time now and only started a full time job. would I have a good chance to apply after 3 months, or would they ask for more pay slips etc?! Thank you for your great videos.

@HotChoccyWoccyYT 3 года назад

You only need 3 months mate

@alexkerrmortgage 3 года назад

Is this in the same line of work ? Going from part-time to full-time, or are they different industries ?

@Nicholas19962108 3 года назад

Great video thank you. Would a lender ever ask for more than 3 months bank statements to see outgoings?

@alexkerrmortgage 3 года назад

Hi Nick, yes the lender could ask for more than three months bank statements at any time. Alex

@alickak8346 9 месяцев назад

Would they ask for information from another bank account i have?

@princesspinkblue Год назад

Does “being on the voter roll” mean you have to be “open register”? Or can you opt out of it?

@alexkerrmortgage Год назад

You can opt out of the open register…

@bayobayo3225 3 года назад

Great information

@alexkerrmortgage 3 года назад

Glad it was helpful!

@legatokknd 3 года назад

I have a question regarding deposit. For some years me and my wife have been saving some cash on side, we managed to save few tousends so far but it is all in cash. How does lenders treat savings like this ?

@alexkerrmortgage 2 года назад

You can’t use cash I am afraid. Here is a recent video on the subject - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-35iTMSTCrEI.html

@bradleysmith9924 3 года назад

Thanks for the help! Would an accountant typically charge for providing and signing accounts?

@alexkerrmortgage 3 года назад

Hi Bradley, thanks for watching ! An accountant would charge for submitting accounts.

@R13Ang 4 года назад

Once you get on the electrol register how long does it take to reflect this or enhance your score. At this moment my score is only fair

@alexkerrmortgage 4 года назад

Hi Roxy! it’s 4-6 weeks until reflected on your credit file 👍🏻

@deneisejamaica2702 3 года назад

Great information Alex I'm currently saving up to buy a house. However, 2 years ago I had a DMP on my credit cards whilst in university. I have paid these off but its still showing on my report will this affects my mortgage application?

@alexkerrmortgage 3 года назад

It will likely effect the lender we can use... you may need a bigger deposit or to use a scheme (help to buy) for example. When you are ready get in touch for a free chat and we can look at the options. Alex

@damiansocko4908 3 года назад

Does lenders make their decision based on income from last three months, or do they look at the up to date earnings on these 3 months payslips? In other words, if I started working today, would they calculate the amount they are willing to lend me on the three month statement basis?

@alexkerrmortgage 2 года назад

Most lenders would require you to be in your new job for longer than one day… It may be okay if you are in the same line of work, and the lender was willing to accept a contract of work. However this is one which wouldn’t require quite a lot of research on Lenders criteria to understand properly.

@josephscott1870 4 года назад

Great video 👍

@kamjheeta4864 4 года назад

Hi! I am in a bit of a complex situation. Would love your advice. I’m a first time buyer who has a limited company. I have had one for 5 years but was also employed for 3 of those years (up until nov 2019) and still worked for my limited company on the side. My employed income was my main source of income (for 3 years) and a lot of lenders don’t look at this. Also covid hasn’t helped! Any advice would be awesome!

@alexkerrmortgage 4 года назад

Hi Kam, we have lenders that will look at both forms of income... The best thing to do is to book a free chat with me (analysis call) so we can discuss... This is quite complex and cant answer in a comment. link here! outlook.office365.com/owa/calendar/MortgageChainLtd@mortgagechain.co.uk/bookings/

@kamjheeta4864 4 года назад

Great video

@ekaobongjohn443 3 года назад

Thanks for sharing 👍

@alexkerrmortgage 3 года назад

No problem :-)

@alickak8346 9 месяцев назад

Is there any way to increase the mortgage payment to clear the mortgage early?

@alexkerrmortgage 9 месяцев назад

Yes indeed, just check with your mortgage lender the percentage you can overpay (this is usually 10% of the mortgage balance without penalty). This means you can pay your mortgage payment plus an additional 10% of the balance year, assuming that your overpayment allowed was 10% of the balance per year. Just double check with the mortgage lender!

@gazalraii4928 Год назад

Hi Alex! First of all thanks for all the information; very effective personally. I’m looking for a property as a first buyer, and I wanna ask does it help on getting good deal mortgage; as partner have a account on the same bank ? And does it affect if I switch bank before 5 months, and provide clear 3 month statements, specially for mortgage ?

@alexkerrmortgage Год назад

Thank you for watching. It’s no advantage to go to the bank that you have your bank account with the mortgage lender will make a decision based on your overall situation, but they will initially ask for three months, payslips and salary credited bank statements. I’m not sure what you mean about switching bank before five months.

@bibeknembanglimbu7740 4 года назад

how to get in to voters list if you have a international passport and serving in hm forces

@alexkerrmortgage 3 года назад

Hi Bibek its not possible unless you like in the UK and are a citizen. Is that the case ?

@MrWhoAmI57 4 года назад

Great video. Do most of these apply for pulling equity out of your home?

@alexkerrmortgage 4 года назад

MrWhoAmI57 this is a bit different! What is the capital for ? Alex

@MrWhoAmI57 4 года назад

@@alexkerrmortgage It would be to invest into buy to let property

@alexkerrmortgage 4 года назад

MrWhoAmI57 that would be a remortgage with a capital raise. Quite straight forward. Would this be your first Buy to Let ?

@MrWhoAmI57 4 года назад

@@alexkerrmortgage Great. Yes, this would be my 1st buy to let property

@alexkerrmortgage 4 года назад

MrWhoAmI57 awesome! If you would like to know your options, please email me - alex@mortgagechain.co.uk and we can discuss further 👍🏻

@p1_bxnditisdepresseds915 2 года назад

Please how much must be my annual income before I can apply for a Mortgage.

@alexkerrmortgage 2 года назад

Sorry that’s a really difficult question to answer. This video may help though - How Much Can I Borrow for Mortgage UK as a First Time Buyer ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-U68_Jr7WzLo.html

@cbflazaro 2 года назад

Settled status if you're foreign too.

@elioraward9079 2 года назад

Hi Alex, Thank you for doing these videos' they're extremely helpful :) My husband and I are in the process of buying our first home but we are having an issue with one of the things on the list. I guess it would fall under the 3 years of address' category. Our mortgage broker is telling us that most lenders won't lend to anyone who's been in the country less than 2 years. We moved back to the uk after spending 7 years in Canada 21 months ago. Normally we would just wait the extra few months but we already have a winning bid on a house we love. Do you have any suggestions on how to get around this so we can complete the mortgage?

@alexkerrmortgage 2 года назад

Thank you for watching! I am afraid to the best of my knowledge It’s 2 years and then I would be recommending Barclays… I don’t know of any other lenders who will allow it quicker…

@achicheezay7225 3 года назад

also with people gifting money is there a limit on how much and how many gifts ?

@alexkerrmortgage 3 года назад

Hi, I am not aware of any limits, however it would all need to be provable, where the money came from to satisfy money-laundering regulations.

@chibuikemechegwisi 2 года назад

Good day, I and my wife have a joint account and we credit it weekly from our individual salary accounts. Also we built up our savings from abroad and have been transferring it to the same joint account through foreign exchange. We intend to use that joint account as the source of deposit whenever we are going to apply for a mortgage loan. What issues do you foresee and how do you suggest we can resolve them?

@alexkerrmortgage 2 года назад

If you can prove all your savings from abroad was saved from your income then you shouldn’t have any issues…

@t.m3070 3 года назад

Hi I have a question regarding savings , most of my money is investment isa and other investment, , I get statement via email each month us that Ok for proof of savings for deposits?

@alexkerrmortgage 3 года назад

You need to be able to prove every single transaction from 0 to your current savings balance. If these statements do this, and show a trail of funds, you should be okay. If any of your deposit money does not show a trail, this may not satisfy money-laundering requirements.

@Rosieannxo 4 года назад

since i was born ive had a savings account/trust fund made for me, would this be accepted as a deposit since its a saving account/trust fund?

@alexkerrmortgage 4 года назад

Yes that is completely fine!

@LiiLTas 4 года назад

Me and my partner are looking become first time buyers sometime next year *fingers crossed* However, we live at two separate address currently. And I don’t have any utility bills in my name as I’m living with my parents. How do I go about this? Is my drivers license okay ? I know you mentioned phone bill will not be accountable. I hope you can answer my question, thank you

@alexkerrmortgage 4 года назад

Hi Tasnim, thanks for the question! if you have a driving license and a bank statement with your address then that will be all good... One of them will probably be ok but always good to have both if possible ? Alex

@liam11227654 3 года назад

In regards to proof of deposit. What if you have been saving into something like plum for a while and then transferred a lump amount in to your bank. How far back with statements would you have to go?

@alexkerrmortgage 3 года назад

You need to show statements that have transactions on... So if for one year, there were no transactions, you would not need to show the statements over that year.

@miraflorova8487 Год назад

Hi Alex, thank you for all the tips & insights provided. Just one question regarding the proof of deposit. . In the video, you are saying that if part of the deposit is coming overseas it is not seen as a reliable source for deposit purposes. What if my parents would like to help me with the deposit to buy a property in the UK. The money is coming from selling a property in Bulgaria and we have a legal document showing clearly that the money is coming from the sale. Are there any specific documents ( papers) that can be used to prove the source of the money from the sale of the property overseas which can be issued and be seen more favorably by the lenders? Thank you!

@alexkerrmortgage Год назад

Bulgaria is okay and as long as you can prove the deposit likely say then you should be good… Just be aware that a minority of mortgage lenders would want the deposit in a UK bank account for a certain amount of time.