The term First Time Buyer describes anyone who is planning to buy their first home, which is intended as a primary residence. Knowledge and preparation is key in securing a competitive offer and getting you on the property ladder.

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To help get you onto the property ladder you need to know your maximum borrowing amount also known as your affordability. This figure is based on your financial circumstances and credit score. Those with a higher income and stronger credit score will be offered a higher lending value. Once you know how much you can borrow, you can then put aside money for your deposit which should be at least 5% of the property value.

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To help speed things up and enable me to start hunting for the most suitable mortgage product for you we need the following documents ready to hand during our initial consultation:

• Photo ID (passport / driving licence)

• 3 months payslips

• 3 months bank statements

• If self-employed, last 2 years tax calculations and tax year overviews

• Full credit report