Arranging a mortgage is a daunting prospect because so much rides on it. If you don’t arrange a mortgage or at least an affordable mortgage, you’ll find it extremely difficult to buy a home. Therefore, a recent study by a mortgage provider, Mojo Mortgages, makes pleasant reading for the good people of Stockport.
In a study of 4,000 homebuyers across the United Kingdom, Stockport is ranked as the second most “mortgage ready” town in the country. The town achieved a score of 684 out of 100 and was only behind Nottingham with respect to preparation for arranging a mortgage.
Credit scores are vital for arranging a mortgage
Credit scores play a massive role in obtaining a mortgage, and the better your mortgage score, the better your chances of obtaining a mortgage. If you are not confident about your credit score, it is well worth taking the time to improve it and build it up. There are steps you can take to improve your mortgage score, and if you would like guidance in this area, we can help.
Richard Hayes is the CEO and Co-Founder of Mojo Mortgages, and he said; “At Mojo, we’re on a mission to make the mortgage experience better for everyone. That includes being more transparent and empowering people with information to make the mortgage experience easier. People can sign-up to MortgageScore™ now ahead of its January launch to ensure they are first to access the service.”
You don’t need gadgets or technology to step on to the property ladder
While there is no harm in checking out what companies like Mojo Mortgages have to offer, you don’t need to try anything fancy or elaborate to check your credit score. Countless homeowners have stepped on to the property ladder without needing the latest high-tech support, and we are always happy to talk you through the process.
However, there is no denying some people want convenience, and there will be a novelty factor associated with these services. Richard Hayes continued; “From our own research, we found that 40% of people who used our service wanted to get a clear indication of how much they could afford to borrow. While a staggering 82% of our customers didn’t know whether they had a good enough credit score to get a mortgage. By launching this new service, customers won’t be left in the dark when it comes to what they need to do to get mortgage ready.”
The news Stockport buyers are mortgage ready is no surprise to us, and we look forward to helping you make your next move.
With convenient transport links to the centre of Manchester, and significant developments taking place, Stockport is the ideal place to buy, live or invest. As Stockport property specialists, we want to ensure you stay in touch with the latest property news. If you are looking for assistance in this area, give Spencer Harvey a call on 0161 480 8888 or send us an email at info@spencerharvey.co.uk. For a free valuation please visit: https://www.spencerharvey.co.uk/valuation-enquiry.html