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Navigating through the many mortgage deals and sorting out the heaps of paperwork can be daunting and labour intensive.  However, we are on hand to assist and simplify this journey for you.  From understanding what the different types of mortgages mean, to tips on streamlining the application process, we are here to help keep an exciting time stress free every step of the way.

Interested in the steps you will need to consider to ensure you are mortgage-ready:

Gather your financial paperwork: This seems obvious, but well organised paperwork can make all the difference in cutting time when applying for a mortgage, but what paperwork do we mean?  Proof of income, assets, debts, and credit history are all used by lenders to assess your financial stability and determine the risk of lending to you.

Strengthen your credit: A strong credit score can increase your chances of getting approved for a mortgage and help you secure a lower interest rate.  Here at David Allen Financial Services, we can provide tips and guide you to securing a stronger credit score and in turn a better deal when applying for a mortgage.

Know what you can afford: Determining your budget before applying for a mortgage is the groundwork.  Consider not only the mortgage repayments but also other costs associated with homeownership, such as Stamp Duty, insurance, and maintenance.  This way you can choose your dream home without any nasty surprises.

Build your savings: A substantial amount saved can increase your chances of being approved when applying for a mortgage.  It can also help cover the deposit, fees and moving costs giving you peace of mind that all expected and unexpected expenses can be covered.

Understand mortgage loan requirements: Every mortgage type has its unique requirements, and it can be difficult to decipher these to find the best option.  Our specialist Mortgage team will ensure you understand these requirements and will find the best option to suit your needs.

Choose the right mortgage type: There are different types of mortgages available, such as fixed rate, variable rate, and tracker rates.  Each type has advantages and disadvantages, so considering your long-term plans and financial situation before deciding which type to apply for can save the headache down the line.

Compare mortgage rates and loan types: Different lenders offer different mortgage rates and loan types.  Donna, Kelly and the team will help you find the most affordable and suitable mortgage for your needs.

If you are looking for advice, please contact Kelly or Donna.

_{David Allen Financial Services is a trading name of David Allen Financial Services (Dalston) Ltd (Registered in England & Wales, Company Number 06966976) and has its registered office at Dalmar House, Barras Lane, Dalston, Carlisle CA5 7NY.  The company is authorised and regulated by the Financial Conduct Authority.  Firm Reference 506138.  Your home may be repossessed if you do not keep up repayments on a mortgage secured on it.}