With so many banks, building societies and rates it is important to research the market properly in order to obtain a mortgage which is tailored to your circumstances.

Most lenders will require a minimum deposit of 5%. However, there are 100% mortgages available in today’s competitive financial markets, so it is worth shopping around.

Many independent mortgage brokers will be able to offer good advice and explain the process before committing to any particular mortgage or lender. There are a number of details a mortgage lender or broker will require before he or she can confirm the amount you can borrow. The following information should be provided by you:

• Proof of your name and address for 3 years (utility bills etc)

• Bank details and credit cards held

• Outstanding loan agreements

• 3 months payslips or a recent p60

• If self-employed, 3 years accounts

• Any child support payments

By supplying this information to the lender or broker they will be able to establish early on the maximum you are able to borrow. It will also speed the whole process up so when you do find that right property you will be able to move quickly, placing you ahead of the game.

Speak to an independent broker for the very best rates currently available.

Try contacting Lavell & Co for independent qualified mortgage advice. For your free no obligation consultation, contact your local branch and we will make arrangements for you.