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How can I clean up my (financial) image for the banks?

To be approved to borrow money, you will need to tidy up your finances and have at least three months of evidence of this. You don’t want to make changes to your spending that aren’t sustainable. Make a budget and decide what is realistic for you.

Here are a few easy steps you can take to increase your lending ability

-          Repay or reduce AfterPay, (or any other buy now, pay later accounts)

-          Reduce the credit card limit

-          Don’t go into any unarranged overdrafts

An excellent way to show your lender that you have your finances in order and are prepared for the responsibilities of a mortgage is to set aside the future mortgage repayment amount in a savings account each month.