Morning,

It is always difficult when trying to predict the future position, but it feels like you are planning in advance and managing your situation which is positive. Clearing up your credit files, ensuring the data is accurate, being on the electoral roll and confirming your names are consistent across all credit lines is critical.

We often see clients already looking for a mortgage and some accounts have middle names, some have different date of births and far too many have names inaccurately spelt on current credit. All of these factors will lower an automated score with a scoring based lender.

10% deposit is the part that could be the stumbling block, as lenders operating at this level with any adverse in the background are limited currently.

We don't yet know exactly what impact the Government's announcements will have, but waiting to see the take up across the industry.

Lastly, should you be interested in a newly built property then these still have access for First Time Buyers with often just a 5% deposit now.

All the best