Save a deposit. The larger your deposit, the better your chances of being approved for a mortgage and getting a lower interest rate. In Liverpool, you’ll typically need a deposit of at least 5% for a first-time buyer mortgage, but some lenders may require a larger deposit.
Improve your credit rating. Your credit rating is one of the most important factors that lenders will consider when assessing your mortgage application. A good credit rating shows lenders that you’re a responsible borrower and that you’re likely to repay your mortgage on time.
Get mortgage advice from a qualified broker. A mortgage broker can help you find the right mortgage for your needs and circumstances, and they can also help you with the application process.