This will be a combination of things- e.g. your income, your monthly outgoings on loans etc., any financial difficulties you’ve previously experienced and even what your average entertainment spend is! First time buyers can sometimes struggle with their credit score, not just because of debt and bad credit ratings, but merely because of the lack of credit history. There are ways to gain a lender’s confidence, including considering a credit card and continuously meeting your payment demands every month.
This process, however grilling, is easy to overcome as long as you have planned your budgets and finances in the right way and our team of experts are here to help you do just that.