Buying your first home?
Buying your first home can be a very exciting, albeit daunting experience; which is why it is important to get the right advice at the very start.
We offer a tailored consultation to help you understand the property buying process. We explain how mortgages work, how to find the best one and all the other things involved with buying your first home.
This is free of charge. We charge a fee, if you wish to proceed the application with us.
How much can I borrow?
. A budget planner will help to ensure your mortgage is affordable.
How much deposit will I need to put down?
When choosing a mortgage, you can see which deals you might qualify for based on the size of the deposit you have by looking at what is known as the mortgage ‘loan to value’ (LTV).
Have you considered any extra costs?
Furnishings costs should be considered alongside the purchase price, and fees such as conveyancing and stamp duty.
Know what to look for when viewing properties
Always take an experienced home buyer with you when viewing properties as there may be important details you could be missing out on.
If you have been used to living at home with your parents, remember to budget for expenses such as council tax, gas and electricity bills, boiler servicing, and other home repairs.
Council Tax Charges
Make sure you know what the likely council tax charge will be in your new property. The selling agent should be able to tell you what tax band the house you are interested in buying is in, and how the charges are levied by your local authority.
Remember a mortgage is a long term commitment and there are lots of different products available, so it is important you get the right solution for you.
Contact our experts today for more information.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.