First time buyer starting the ball rolling

mummybearx

Hi guys :-)

Me and DH decided at the weekend that we will be getting our first mortgage soon :j

Well, my first mortgage, it will be a single application by myself.

So, starting at the start, what's my first step?

I'm thinking I should check my credit files first. Can someone point me in the right direction, where to contact, how much it costs?

Thanks
Zepsgal x

kingstreet

Get the £2 statutory copies from all three CRAs;-

Equifax

https://www.econsumer.equifax.co.uk/consumer/uk/gb_consumerletter.ehtml

Experian

https://secure.wiseconsumer.uk.experian.com/wiseconsumer/secure_index.html?data=00

CallCredit

https://www.callcredit.co.uk/stat-report-online/index.php?action=register_display&tpl=regPurchase

bryanb

Surely you know if your credit is good?

mummybearx

Yes, I think my credit rating is good. Just reading through other posts, people are saying to check them anyway just in case there is anomolies on there.

Do you think I shouldn't check them? x

GMS

For the sake of £6 get the reports. Even if you are 100% sure your credit is fine there is always the chance of an error on the reports.

Better for you to make sure all information is correct and fix any issues prior to application.

maninthestreet

how much deposit do you have saved?

Wutang_2

bryanb wrote: »

Surely you know if your credit is good?

....exactly - don't bother checking and assume all is well. Genius Bryanb.

Also, once you've checked all the credit reports, its then time to seek out a free, whole of market mortgage adviser.

From then on, its non stop fun.

bryanb

Wutang wrote: »

....exactly - don't bother checking and assume all is well. Genius Bryanb.

Also, once you've checked all the credit reports, its then time to seek out a free, whole of market mortgage adviser.

From then on, its non stop fun.

Better check again next week, there could have been another error.

DannyboyMidlands

Wutang wrote: »

....exactly - don't bother checking and assume all is well. Genius Bryanb.

Also, once you've checked all the credit reports, its then time to seek out a free, whole of market mortgage adviser.

From then on, its non stop fun.

I agree with brynab and don't understand the obsession with checking credit reports and fretting over the score. They are your finances and you should know if you keep on top of them or not. If you do, then why bother?

Having said that I wouldn't consult an advisor either.

If you are a straightforward case then simply save a large deposit, source your own mortgage and apply for it.

mummybearx

We are aiming to save at least 10% of what the mortgage will be. We are selling our second car, that's raising half of the deposit. Just need to save the rest of the second half now x

Wutang_2

DannyboyMidlands wrote: »

I agree with brynab and don't understand the obsession with checking credit reports and fretting over the score. They are your finances and you should know if you keep on top of them or not. If you do, then why bother?

Having said that I wouldn't consult an advisor either.

If you are a straightforward case then simply save a large deposit, source your own mortgage and apply for it.

Who said anything about the score?

The score is about as relevant as your post.

If you find a mysterious default showing from 5 years ago which you didnt know about then then you're better off knowing first. There are several thousand posts on this forum about human errors/bank errors which affects people every day....but you would rather ignore this and hope for the best?

Your "advice" is not helping