- 10% of your own contribution towards the purchase price for first time buyers (20% for second time buyers etc)
- A demonstrated repayment ability through rent, savings and recent loan repayments that are now finished
- Set property goals realistically: Generally banks will only lend max 3 x times your annual gross salary/salaries
- Good current account operation and credit history
- Stable employment and a steady flow of income
- Suitable mortgage protection/Life Cover and home insurance to assign to the mortgage
Come speak to us to get mortgage ready and ensure you get a first time approval!