Buying first house tips

[mulberry69]

Hi, looking to buy my first house next year (hopefully) looking for a property around 270,000 Can anyone advise what amount of deposit I need Is it still 10%? Does anyone have any money saving tips or credit score tips please

Or just any general advise that I might need to know

You can usually do a 5% deposit these days although your interest will generally be higher and obviously your mortgage.

I would suggest cleaning up any odd bits of credit that you may not necessarily need. Ie. Small overdrafts if not used, consolidate credit cards on to 0% interests etc and don't take out any new credit within at least 3 months before applying for a mortgage. Get an agreement in principle beforehand.

I used a mortgage advisor, which obviously cost, but she sorted everything from the AIP right through to getting the mortgage and sorting insurance for us. She was worth every penny. Came highly recommended by word of mouth so do some research and read a lot of reviews if you go with someone online.

The bigger your deposit the better mortgage rate you'll get. If you go and see a mortgage broker they can advise you on the products available and how much of a mortgage you can get with different lenders (different lenders use different salary multiples, but again the ones which will lend more often have higher rates).