7 ways to boost your chances of mortgage approval - from a money expert - Ideal Home

7 WAYS TO BOOST YOUR CHANCES OF MORTGAGE APPROVAL – FROM A MONEY EXPERT – IDEAL HOME

Don’t miss out on buying your dream home, read our guide for tips on ensuring a yes from your mortgage lender.

Homebuyer demand may have fallen compared to the frenzied activity we’ve seen in recent years, but there’s still a determined cohort of movers set on a purchasing a pad. In fact, around half a million property sales are expected to take place in the first six months of this year, according to Zoopla.

But buying a house, in particular, getting a mortgage has become a lot harder since interest rates increased and inflation rose to double digits putting pressure on household budgets and making mortgage lenders more cautious over who they lend to and how much.

How to boost your chances of mortgage approval

That’s why it’s more important than ever to review your financial situation, plan carefully for six to 12 months before applying for a mortgage and take advice so that you can avoid making a mistake that could cost you your mortgage.