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Tag Archives: buying property

How to Get Your Foot on the Property Ladder

buying a first home

It’s no secret that getting your foot on the property ladder is harder than ever before. The newspapers and media outlets have devoted numerous column inches and news segments to the issue plaguing Britain’s young professionals, their tone glum and pitying. However, this doesn’t mean that your dream of climbing onto those illustrious rungs should be forsaken. There’s plenty that you can do to improve your chances of finding a mortgage and purchasing a property, and here are three important steps to get you started…  #1: Focus on Building a Strong Credit History  Most first-time buyers will lack the funds to buy property outright, so they’ll have to turn to professional moneylenders to help them. One of the key criteria that mortgage companies will use to assess your suitability to borrow is your credit history, and the more positive it is, the higher your chances of securing a favorable deal. Unfortunately, lots of young professionals lack any credit history at all, but luckily this is easily remedied. One of the simplest and quickest ways to boost your score is by borrowing, and a low interest credit card is the ideal starting point. If you can take one out for just ...

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