Hey there, future homeowners! If you’ve been dreaming about putting your name on a shiny new (or charmingly pre-loved) set of house keys but feel a bit wobbly because of your credit history, you’re in good company. In fact, you might just be on the brink of turning what seems like a daunting process into an ‘owning-a-home-with-a-pup’ reality, just like Sophie Smedley. Let’s dive into making that dream a reality and sprinkle in a bit savvy mortgage advice to help you along the way!

**First Things First: Saving for Your Renovation Dream**

When you’re looking to buy a home that’s in need of a little (okay, a lot of) TLC, it’s not just the deposit you have to think about – it’s those renovations too. Sophie’s story is a prime example. She’s got her eyes on a £152,000 property and is staying cash-savvy by bunking with her grandparents. With £15,000 saved for a deposit and a separate £10,000 for major overhauls, she’s the picture of financial planning for first-time buyers.

Now, while saving for renovations is no easy feat, the joy of turning a place into a space that reflects your taste and fits your adorable fur-baby’s needs is beyond rewarding. Remember, though, it’s about prioritising those renovations. Safety and functionality first – fancy faucets can wait!

**The Power of Mortgage Advice**

As you cobble together your savings, you might think the road to mortgage approval is a steep climb. Fear not! This is where ‘mortgage advice near me’ comes into play. Personalised mortgage advice is invaluable, especially if your credit score has seen sunnier days. A mortgage advisor will take a good look into your financial landscape and guide you towards the best possible mortgage deal – including those that cater specifically to folks needing a bad credit mortgage.

**Navigating Lenders with Less-than-Perfect Credit**

Let’s face it, buying a home isn’t exactly a cakewalk, and a less-than-perfect credit history could add a little extra spice to the mix. But here’s the kicker – bad credit isn’t a full stop. It may be more of a semicolon; it gives you pause but you can, and should, continue. Lenders are starting to appreciate the nuance in credit histories and there are products tailored for buyers like you. From understanding the nuances of interest only mortgages to figuring out ‘can I get an interest only mortgage’, a mortgage advisor can unpack all that and more.

**Long-term Love: Interest Only in Retirement**

Speaking of the long-term, have you thought about interest only in retirement? It’s a slice of the mortgage world that’s worth considering if you’re looking for reduced monthly payments. This could be a boon if you’re strapped after shelling out on renovations or if you want to invest your cash elsewhere.

Now, this isn’t a magical solution for everyone, and there are hoops you’ll need to jump through. But with the right advice, it’s another avenue that might make owning your home more manageable from now until retirement.

**Making Your Application Shine**

When the time comes to woo lenders, think of your mortgage application as your love letter to financial freedom. Showcase your reliable income, your sparkling savings strategy, and a clear plan for your property. Need a little help to get your financial affairs looking sharp? That’s the beauty of getting top-notch mortgage advice.

A mortgage advisor doesn’t just compare deals; they’re your personal financial cheerleader, helping to get your application in tip-top shape. Plus, with their finger on the pulse of each lender’s criteria, they’re adept at matching you with a lender who looks past the number of your credit score and sees the whole picture.

**Embrace Being a First-Time Buyer**

Much like Sophie and her Sheffield fixer-upper, first-time buyers today are in a unique position. Yes, there are challenges, but there’s also a sense of empowerment in being resourceful and taking advantage of the assistance available. With a growing number of buyers opting for more affordable homes that they can pour their love and sweat equity into, it might just be the perfect time to create your home sweet home.

Buying a home, especially one that will evolve with you as you renovate, is a monumental step and a fantastic journey. So, reach out for that mortgage advice, assess your finance options, roll up your sleeves, and start creating the vibrant, puppy-friendly abode you’ve been envisioning.

Happy house hunting and happy renovating, friends! Remember, where there’s a will (and a well-informed mortgage advisor), there’s a way!

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FCA WARNING, FEE’S AND JURISDICTIONAL INFORMATION

MORTGAGES – THINK CAREFULLY BEFORE SECURING DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT

CONSOLIDATING UNSECURED DEBTS – Think carefully before securing any other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or secured loan. IF YOU  CONSOLIDATE EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.

BUY TO LET MORTGAGES The Financial Conduct Authority does not regulate some forms of Buy to Lets. Your home/property may be repossessed if you do not keep up repayments on your mortgage.

EQUITY RELEASE – This is a Lifetime Mortgage. These are only applicable to those 55 and over, and it could affect eligibility to state means-tested benefits and the inheritance you may leave. To understand the features and risks, ask for a personalised illustration. Equity release includes Lifetime Mortgages and Home Reversion Schemes. We can advise and arrange Lifetime Mortgages and will refer to an approved specialist for Home Reversion schemes.

Quest Finance Ltd also Trading as Quest Finance –  is an Appointed Representative of HL Partnership Limited which is authorised and regulated by the Financial Conduct Authority. There may be a fee for mortgage advice. The precise amount will depend on your circumstances but will be agreed with you before proceeding but estimate this to be £795. Quest Finance Ltd is registered in England and Wales, with company registration number: 12267927. Registered Office: 21 Laneham Close, Doncaster DN4 7HX

The guidance and/or information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. By submitting an enquiry form you agree that the information provided is true and accurate and that a mortgage advisor may contact you for further information as required.

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