first time buyer panic

nervousfirsttimer

hi
we are first time buyers trying to follow the right advice. We have set the ball in motion to get a mortgage sorted - we have an 11% deposit and earning a joint income of around 50k. we have seen a lender who has determined the right mortgage deal and we have tried to instigate a mortgage in principle today. We have already done a soft footprint credit check which came back fine but C&G have referred it and asked for further information. Just wondering if this is usual and whether it has an impact on whether they will agree the mortgage in principle?

Thanks

_Andy_

A bit vague - what further information have they asked for?

nw_man

I think you are going to have be squeaky clean for it to go through and maybe also have some other credit arrangements on file with perfect records.

They shout about 90% LTV's but they sure do not like them.

It is do-able though.

nervousfirsttimer

not sure exactly what they want as yet because the broker is going to speak to them direct on tuesday and let me know. so far he's just told me to get pay slips for last three months and bank statements for the last month and passports. as far as I know we are fairly clean credit wise but as this is my first time I'm not sure exactly what to expect.

nw_man

Expect to have to prove your income in the form of payslips, P60 and probably bank statements, plus prove your identity and current address in the form of passport and utility bill.

Sounds ok, relax and enjoy the bank holiday.

_Andy_

Asking for proof of income and ID is standard.

ciano125

Check your credit file on experian as well.

worried_jim

Don't worry, you'll be fine. Good luck.