What Are the Application Criteria for First Time Buyer Mortgages? 

There are only a few documents needed when applying for first time buyer mortgages. For example, your file should contain your identity card, proof of address, bank statements, proof of income, and, most importantly, evidence of your deposit.   Why do you need a deposit to increase your mortgage chances? First, a large deposit indicates excellent financial discipline and shows the lenders you are determined to purchase a property. Furthermore, it can get you exclusive mortgage deals with better interest rates. Lenders calculate the minimum amount of money you need as a percentage of the property's value. If you can, it is advisable to increase your deposit as much as possible before you access a mortgage. Doing so brings benefits such as a cheaper mortgage with lower monthly repayments.