Excited about purchasing your first home?
Nervous about Purchasing your first home?
Don’t worry we have all been there and understand what you are going through. Mortgage Arena advisers will guide you every step of the way.
Before viewing any properties we recommend that you obtain an agreement in principal from a mortgage lender to find out how much you can borrow.
One of our advisers will complete a factfind with you and then obtain an agreement in principal on your behalf.
In the current market conditions it is handy to have obtained one. This can help when making offers on properties. Most estate agents now ask for proof that you can obtain a mortgage before accepting an offer.
Question.
What is an agreement in Principal?
Answer.
It is obtained by providing limited details about income and affordability along with normally carrying out a credit search so you can be advised how much a lender is willing to provide.
Take that step forward in becoming a home owner by calling us or contacting us by phone.
Below is a table of rates available today for First Time Buyers.
