how do i get a Mortgage

Antric

i was just wondering if anyone could point me in the write direction as to getting a mortgage im 21. do i phone different bank's book a time to go in and just get quoted or something :S

_Andy_

Assuming you're a first time buyer... first things first - do you have a deposit saved up, if so how much?

Mr_helpful

Contact a no fees independent broker easy to find with google

andrewmp

Do you have at least a 10% deposit.

Antric

if im honest i dont have more than £4,000 but im working hard on saving more.

dwsjarcmcd

Before you do anything, read up about mortgages on the web. If you are serious about it, visit the first time buyers section of almost any lender (or this site) you care to name and download the brochures they have and read them. I wouldn't make an appointment with anyone until you have genned up a bit!

_Andy_

Antric wrote: »

if im honest i dont have more than £4,000 but im working hard on saving more.

In that case there's no point contacting any banks or brokers yet.

You will need at bare minimum 5% of the house price as a deposit, plus legal fees, valuation cost, moving in cost etc.
Realistically you'd be far better off with 10%.
Keep on saving and you'll find house prices should drop in the near future as well giving you more buying power.