Getting on the property ladder is a worthwhile goal for many who no longer want to be part of ‘Generation Rent’. Taking on a mortgage is a big financial commitment, however, and your home could be repossessed if you are not able to keep up with the repayments.

The main thing to do before applying for a mortgage is therefore to work out whether you can afford it. The Money Advice Service has a mortgage affordability calculator which you can use to see how much you can borrow. 

So, you think you can afford to take the leap to becoming a home-owner; what do you really need to do to secure your first mortgage?

1. Save for a deposit

Have you saved

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