Happy Customers

"National Homebuyers' staff were friendly and helpful and we went on to agree a sale with them; they even allowed us to change the completion date at the last minute to secure the property of our dreams."

Mr & Mrs M, Sandown, Isle of Wight

"Carol Bailey has been really amazing from start to finish in the whole home selling deal. she was our main port of call throughout the process. They as National Home buyers did exactly what they promised to do valued the property at a fair price. we agreed and kept there promise and time scale though […]"

Mrs. H, Devon

Deposits And Other Mortgage Application Issues

The cash you get for your current home can have a big impact on the type of mortgage you can get for where you want to live next, especially if you don’t have access to other funds for a deposit.

Whether you intend to rent or buy your next home, you’ll always need a deposit of some kind – as well as some funds to help you move and settle in. It’s therefore usually necessary to sell your current home before you can move.

When applying for a mortgage as a UK home buyer, a sizeable deposit demonstrates to lenders that you are taking a responsible attitude towards your purchase; and it can also affect the quality of interest rate that you’re able to get… and even whether or not you can secure a mortgage at all.

Other important factors include your credit history and your current income. If the former has any mistakes you should get them corrected as soon as you can; and also consider closing any credit facilities that you don’t really need, as banks are wary of people with access to large amounts of credit. It’s also important that your credit isn’t too high – though some banks will accept your guarantee that you’ll use house sale funds to pay some of it off when you move.

Your income is important because it shows you can afford your monthly mortgage repayments – but you have to be able to prove it, via payslips (if you’re employed) or tax records (if you’re self-employed).

Once these necessities are in place, it’s time to sell your home – and if you’d like a quick house move with minimal complications, it’s always worth getting an offer from a professional property-buying agency to see how much you could get. If you’re happy with the figure, you could save yourself the hassle of the open market and pay a deposit on a new home much sooner.

If you’d like to generate some cash by selling your home, ask National Homebuyers for advice, as we buy any house. Call 08000 443 911 or request a call back to find out how much you could get for your property.

How long do homebuyer’s reports and house surveys take to complete?
Can you get a mortgage as a student?