2 minutes
2 minutes
2 minutes
2 minutes
to read
to read
to read
to read
Thursday 17 December 2020
Thursday 17 December 2020
Thursday 17 December 2020
Thursday 17 December 2020
Getting onto the property ladder can be quite a challenge, but it is a key goal for many people. With so much conflicting advice available, it's important to seek guidance from professionals. Buying your first home will be an experience to remember, and it's a milestone you’ll never forget. While the journey begins once you find the place you'd like to call home, preparation is key to ensuring the process runs smoothly.
Start Planning Early
We recommend starting to plan as early as possible. Early preparation gives you the best chance of securing the home you’ve always wanted. A bigger deposit is always beneficial; the borrower’s deposit serves as the lender’s protection. Lenders consider potential challenges you may face during the mortgage term, such as starting a family or experiencing a period of unemployment.
The larger the deposit, the less risk the lender assumes, making it easier for you to secure favourable mortgage terms. Additionally, a bigger deposit translates to lower monthly repayments, as you won’t need to borrow as much.
Budget for Additional Costs
Setting aside money for moving costs is a great idea. Some buyers may need to pay stamp duty as well as solicitor and surveyor fees. The actual cost of moving can vary significantly, so it’s wise to budget for unforeseen expenses. These could include repairs or issues you discover only after moving into your new home.
Government schemes, such as Help to Buy, can be incredibly useful, as they cover a portion of the mortgage, reducing the amount you need to borrow. This can make the process more accessible for first-time buyers.
Professional Advice Makes a Difference
Navigating the property market for the first time can be daunting, but professional advice can make all the difference. Our team is here to help you every step of the way, from saving for your deposit to securing a mortgage and managing the additional costs of moving.
Get in touch with us today to learn more about how we can help you achieve your homeownership goals.
Getting onto the property ladder can be quite a challenge, but it is a key goal for many people. With so much conflicting advice available, it's important to seek guidance from professionals. Buying your first home will be an experience to remember, and it's a milestone you’ll never forget. While the journey begins once you find the place you'd like to call home, preparation is key to ensuring the process runs smoothly.
Start Planning Early
We recommend starting to plan as early as possible. Early preparation gives you the best chance of securing the home you’ve always wanted. A bigger deposit is always beneficial; the borrower’s deposit serves as the lender’s protection. Lenders consider potential challenges you may face during the mortgage term, such as starting a family or experiencing a period of unemployment.
The larger the deposit, the less risk the lender assumes, making it easier for you to secure favourable mortgage terms. Additionally, a bigger deposit translates to lower monthly repayments, as you won’t need to borrow as much.
Budget for Additional Costs
Setting aside money for moving costs is a great idea. Some buyers may need to pay stamp duty as well as solicitor and surveyor fees. The actual cost of moving can vary significantly, so it’s wise to budget for unforeseen expenses. These could include repairs or issues you discover only after moving into your new home.
Government schemes, such as Help to Buy, can be incredibly useful, as they cover a portion of the mortgage, reducing the amount you need to borrow. This can make the process more accessible for first-time buyers.
Professional Advice Makes a Difference
Navigating the property market for the first time can be daunting, but professional advice can make all the difference. Our team is here to help you every step of the way, from saving for your deposit to securing a mortgage and managing the additional costs of moving.
Get in touch with us today to learn more about how we can help you achieve your homeownership goals.
