Buying A Home

Buying your first home is an exciting milestone in your life, but it can also be a daunting process, especially when it comes to understanding first-time buyer credit scores in the UK. You might be wondering what the minimum credit score first-time home buyers need is, or if you can get a first-time buyer mortgage with no credit history at all? Loqbox has you covered!

Buying at the “right” time, or “timing the market” as it’s known in the world of investing, is pretty much just luck, so it’s important that you decide whether or not to buy a home based on whether or not it’s right for you.

There’s no denying your address is a really important part of your credit report. But it doesn’t affect your credit score directly. Confusing? Don’t worry! There’s lots of misunderstandings around how addresses and address changes impact your credit score. But Loqbox is here to put the record straight!

There are lots of reasons that you might be selling your house. Maybe you’re planning to buy a new one, downsizing to a smaller property, or prefer to rent instead of paying a mortgage so a landlord can deal with maintenance responsibilities.

Many people say that buying a house is one of the most stressful things you can do. But working out what you can afford, building up a deposit and finding your dream home are just the start.To get a good mortgage deal, you’ll need to prove to lenders that you’re a responsible borrower. But what credit score do you need for a mortgage?

For many people in the UK, their first encounter with credit scores is when they start looking at how to buy a house. Why? Because their credit score can give them a pretty good indicator of how likely they are to be successful in applying for a mortgage.

So you’re in a great relationship, you think you’ve found the one, and now you’re looking to buy a house with that special person. You’re getting a kick out of day-dreaming about what your home together will be like. Perhaps fantasising about picking out paints, and splashing a little over each other’s faces playfully while decorating together on a Saturday morning in your overalls. Will you go with Atlantic Blue or Lemon Punch in the bedroom?

As a first-time buyer, saving for a mortgage deposit to buy your first house can feel like an enormous battle. Here are 7 fun savings tips.

Saving for a deposit to buy your first home can feel like an enormous battle. Imagining all the things that you’ll have to say no to, and summoning the discipline required to reach your goal, can feel overwhelming. But it doesn’t have to be like that. Just like anything, saving for a deposit can be broken down into fun and simple things to do. And over time it’ll become a habit; completely effortless and harder to stop than continue.

The dynamics of the property market in the UK shift all the time. Sometimes changes happen overnight, and sometimes they are more gradual. In a buyer’s market, the buyer (that is the person buying the property) has the advantage. A buyer’s market is created when there are more properties available on the market than there are potential buyers for those properties.