I am currently private renting with my two children and after a redundancy and a relationship break down, I am beginning to become financially secure and would like to look to saving for a mortgage to hopefully buy with the next 4/5 years. I work part time but the job has good prospects to go full time within a couple of years and certainly by the time I apply for a mortgage.
I have one credit card which I use but pay off in full most months. I have no loans but do have an agreed overdraft which I haven't used for at least 10 months.
I took a look at my credit rating and it said it was 'excellent'.
My question really is apart from saving as much as possible to get a good deposit, is there anything else I need to do to ensure a good mortgage rate when I apply.
Any help would be greatly appreciated.
I have one credit card which I use but pay off in full most months. I have no loans but do have an agreed overdraft which I haven't used for at least 10 months.
I took a look at my credit rating and it said it was 'excellent'.
My question really is apart from saving as much as possible to get a good deposit, is there anything else I need to do to ensure a good mortgage rate when I apply.
Any help would be greatly appreciated.