FAQs

Can I get a mortgage with poor credit?

Yes, it is possible to get a mortgage with poor credit, although it may be more challenging. Lenders typically consider various factors such as the severity of your credit issues, your income, and your ability to make a down payment. Contact us to discuss your specific situation and explore your options – we are experts in this area!

Why should I use Step by Step Mortgages?

At Step by Step Mortgages, we know that you are an individual, not just a number. We work with you to find you the best deal for your personal circumstances, saving you time and potentially money. We strive to find the best mortgage solution for you, whether you’re a first-time buyer, self-employed, or seeking a buy-to-let mortgage.

Can I get a mortgage if I am self employed?

Yes, self-employed individuals can still qualify for a mortgage. Lenders may require additional documentation to verify your income, such as tax returns, profit and loss statements, and bank statements. If you are newly self-employed, we can work on your behalf with specialist lenders to find you a mortgage.

What are the benefits of using Step by Step Mortgages for first time buyers?

As a first-time buyer, navigating the mortgage market can be overwhelming. Step by Step Mortgages simplifies the process by offering personalised support and guidance every step of the way. We help you understand your options, assist with pre-approval, and negotiate on the property with the agent. Our goal is to make buying your first home as smooth and stress-free as possible.

What is a buy-to-let mortgage and can Step by Step Mortgages help?

A buy-to-let mortgage is specifically designed for purchasing properties with the intention of renting them out. At Step by Step Mortgages, we specialise in buy-to-let mortgages and can help you secure financing for your investment property. Whether you’re a seasoned landlord or a first-time investor, we can provide expert advice and assistance throughout the mortgage process.

How much deposit do I need for a mortgage?

The amount of deposit required for a mortgage varies depending on several factors, including the lender’s requirements, the type of mortgage you’re applying for, and your financial situation. In general, a larger deposit typically results in more favorable mortgage terms. Contact us to discuss your deposit requirements and explore your mortgage options.

Can I get a mortgage if I’ve been declined by other lenders?

Yes, it’s possible to secure a mortgage even if you’ve been declined by other lenders. Each lender has different criteria, and what may not work for one lender could be acceptable to another. Our experienced brokers can help you understand why you were declined and explore alternative options to find a suitable mortgage solution.