Making Money UK mortgage expert: the key things you need to know
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Nov 18, 2024 Anthony Emmerson, Director at Trinity Financial, shares his expertise on navigating the UK mortgage landscape. He highlights common pitfalls for first-time buyers, emphasizing the importance of financial preparation and credit scores. The discussion explores the challenges of securing mortgages in Manchester’s competitive market and breaks down mortgage fees and market dynamics. Emmerson also addresses how inflation and interest rates affect borrowers, offering valuable strategies for making informed mortgage choices.
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Prepare Finances Early
- Prepare your finances before house hunting.
- Consult a mortgage broker early to understand your options and avoid surprises.
Check Credit and Manage Debt
- Check your credit score and manage debt levels.
- Understand your salary and bonus structure for lender assessments.
Self-Employed Preparation
- Self-employed individuals should prepare finances early.
- Consult your accountant and consider how tax strategies affect borrowing.