First Time Buyer

Buying a property can be the biggest decision made in our lives. It is for this very reason that impartial advice is critical from qualified advisers.

Buying a house is one of the most important decisions you will make. Buying a property for the first time will be an even more daunting prospect. 

Choosing the right mortgage from a selection of lenders can be a confusing decision. 

To help you make the right decision we have put together 10 top tips for you.

• Get a Decision in Principle before looking at property. This will give you an idea of your budget. 

• Use a calculator to make sure that that your chosen mortgage is affordable.

• Factor in expenses such as furnishings, repairs, conveyancing and stamp duty.

• Budget for council tax, gas and electricity bills, boiler servicing, and other home repairs. 

• The selling agent should be able to tell you how much you should expect to pay in council tax.

• Take an experienced home buyer when looking at property. They may spot things you do not.

• Consider the availability of public transport services.

• If homes near your workplace are more expensive, weigh up this expense with the cost of commuting.

• If you have kids, check that the property falls into the catchment area for your desired schools. 

• If you are considering buying a flat, consider any factor fees that apply.

 

Your home may be repossessed if you do not keep up repayments on your mortgage.

There may be a fee for arranging your mortgage. The precise amount will depend on your circumstances but our typical fee is £295.