Worthy Mortgages

Worthy Mortgages I am a local Mortgage and Protection Adviser. I have access to an unrestricted range of mortgages. Helping Those Who Have Been Declined Get A Mortgage

27/07/2025

Open evening on Wednesday evening 5-7pm. This beautiful homes are going to be stunning when built and could be ideal if you’re thinking of moving into the area. If you’d like to book in, you can contact Chesters Estate Agents and they’ll be able to get you one of the limited appointments arranged. Please be aware these must be pre booked so get in touch asap to secure your space!

14/08/2023

How does the shared ownership scheme work?

11/08/2023

Why does credit scoring matter?

25/07/2023

What’s the score with 95% mortgages? Are they really hard to get?

24/01/2023

Starting a new job can be an exciting time, but it can also cause some uncertainty when it comes to securing a mortgage. Many lenders may be hesitant to offer a mortgage to someone who has just started a new job, but the good news is that it's not impossible! In this post, we'll take a look at the factors that come into play when you're applying for a mortgage while you're in a new job, and what you can do to increase your chances of success.

The first thing to consider is your previous work history. Lenders will want to see that you have a track record of stable employment, so if you've been in your previous job for a number of years, that can work in your favor. Additionally, having experience in the same industry as your new job can also be beneficial, as it shows that you have a solid understanding of the field and are likely to continue to be successful in it.

Another important factor is how long you've been in your new job. Generally, the longer you've been in your new job, the more likely it is that a lender will be willing to consider your application. If you've only been in your new job for a couple of months, it may be more difficult to find a lender who is willing to offer you a mortgage. However, there are some lenders who are prepared to make an offer based on the salary of a job you've yet to even start.

A probationary period can also be an obstacle when it comes to getting a mortgage. Lenders will want to see that you have a permanent contract and that your employment is secure, so if you're still on probation, it may be more difficult to find a lender who is willing to offer you a mortgage. However, having a letter from your new employer stating that you have passed your probationary period and that your employment is now permanent can go a long way in assuring the lender of your employment stability.

So, what can you do to increase your chances of getting a mortgage while you're in a new job? The first step is to shop around and find a lender who is willing to consider your application. A mortgage broker can be invaluable here, as they will have a good understanding of which lenders are open to offering mortgages to people in your situation. Additionally, providing evidence of a permanent contract and a letter from your new employer can also help to assure the lender of your employment stability.

In conclusion, starting a new job doesn't have to be a deal breaker when it comes to getting a mortgage. By considering the factors that come into play and working with a mortgage broker, you can increase your chances of success. If you're in a new job and thinking about applying for a mortgage, don't let uncertainty hold you back! With the right approach, you can make your dream of homeownership a reality.

So, have you recently started a new job and wondering if it's possible to get a mortgage? Share your thoughts in the comments below and let's discuss!

18/01/2023

Buying your first home is an exciting journey, but it can also be a daunting one. As a first-time buyer, you have a unique advantage in the property market, as you are not in a chain and can move more quickly. However, to be fully proceedable, it's important to have your deposit ready and a mortgage approved in principle.

When it comes to looking at properties, it's essential to keep in mind that estate agents are working for the seller, not for you. Their goal is to sell the property for the highest price possible, and everything they do and say will be with this goal in mind. So, be mindful of the signals you give off during viewings and avoid revealing too much about your interest in a property.

It's also important to remember that the asking price is not the same as the value of the property. Before making an offer, do your research and find out what similar properties in the area have sold for. This will give you a benchmark figure and help you to calibrate your first offer. Take into account the length of time the property has been on the market, the owner's reason for selling, and how much interest they have had from other buyers.

When it comes to negotiating on price, don't be afraid to use your first-time buyer advantage. Because you are not reliant on your own sale going through, the seller is more likely to accept a lower offer from you than they would from a buyer who is less proceedable. But, it's important to set yourself a budget and stick to it. If the seller won't come down to a price that's within your budget, don't be afraid to walk away.

One last important tip, when it comes to getting a mortgage, it's worth considering using a mortgage broker. A mortgage broker can help you find the best mortgage deals and rates available and can also help you navigate the complex process of getting a mortgage. They have access to a wide range of lenders and products and can help you find the one that best suits your needs. They can also help you with paperwork and the application process, which can be overwhelming for first-time buyers.

So, how can you make sure you're fully proceedable and ready to take advantage of your first-time buyer status? Here are some key tips:

-Have your deposit ready to go

-Get a mortgage approved in principle

-Use a mortgage broker to find the best deals and rates

-Be mindful of the signals you give off during viewings

-Remember that the asking price is not the same as the value of the property

-Do your research and compare similar properties in the area

-Calibrate your first offer carefully

-Use your first-time buyer advantage to negotiate on price

-Set a budget and stick to it

Are you a first-time buyer ready to navigate the property market with ease? Share your own tips and experiences in the comments below! And don't forget the importance of using a mortgage broker to help you secure the best deal for your first home purchase.

17/01/2023

Are you ready to take the next step and apply for a mortgage, but not sure if you're a good candidate? Lenders consider many factors when determining if you're a good candidate for a mortgage, including credit score, income, expenses, and property. Even if your credit score isn't perfect, you may still be able to get a mortgage by demonstrating that you are a responsible and reliable borrower who can afford the mortgage payments.

But it's not just about your credit score, lenders also want to make sure you can afford the mortgage. They'll take a look at your income and expenses, and make sure you can handle your mortgage payments even if your life takes a turn or interest rates go up. Lenders will typically look at your debt-to-income ratio (DTI) which is the percentage of your income that goes towards paying your debts. A lower DTI ratio indicates that you have more money available to pay for your mortgage.

Another important factor that lenders will consider is the property itself. They want to make sure that the property is worth the investment, and it will be used as collateral for the loan. This is why they will appraise the property and make sure it meets certain standards. Lenders will also look at the location of the property, and they will consider the overall market conditions and the potential for appreciation.

It's always a good idea to speak to a mortgage broker before applying for a mortgage. They will provide expert advice on how to improve your chances of getting approved for a mortgage. They can also help you to understand the various mortgage options available, and help you to choose the one that best suits your needs.

Speaking to a mortgage broker is especially useful for those who may have some blemishes on their credit history. A mortgage broker can help you to understand how to fix any credit issues, and how to improve your credit score. They can also help you to understand how to get pre-approved for a mortgage, which can help you to find the right property, and also give you an idea of how much you can afford.

Keep in mind that rates can change, so it's important to work with a mortgage broker to understand how to lock in a low rate.

Now, the question is, are you ready to take the next step and apply for a mortgage? If so, don't hesitate to speak to a mortgage broker today and get expert advice on how to improve your chances of getting approved for a mortgage. Remember, even if your credit score isn't perfect, you may still be able to get a mortgage by demonstrating that you are a responsible and reliable borrower who can afford the mortgage payments.

Address

29 Fairview Drive, Adlington
Chorley
PR69SB

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
Saturday 10am - 5pm

Telephone

+447999752850

Website

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