First time buyers

My boyfriend and I have been thinking about buying a property for a while and the opportunity has come up to potentially buy my Gran’s house.

At the moment, we don’t know the exact value of the house so the plan is to get as large a deposit as possible.

First step in buying this house: Meet with mortgage advisor.

We are meeting with a lovely chap next week to discuss how basically how much money we can borrow. Oddly, the meeting is in Starbucks as the chap is based “up North” and is travelling down to meet us, so it sort of feels like a blind date.

I’ve been trawling through the MSE boards for advise on what to bring to these meeting and general consensus seems to be:

  • 3 months of bank statements
  • latest payslips
  • ID – passport, driving license.

I signed up to get a 30 days credit report with Experian to find out what my credit rating was. After a few days I was sent a letter with a pin code and a link to the report. How exciting! The results were, well, not fantastic but not a complete disaster either. There was a couple of debt issues, and I was a bit alarmed to be still financially associated with my ex as we shared a joint bank account.