The home-buying process can be complex for the first-time-buyer (FTB). So much so that finding the right home can start to seem like the least of your concerns!
Here are some top tips to put you in the best possible position to buy your first home:
Think about what you want and where you want to be- make sure you research the areas you want to live in- do you want to be near shopping hubs in leafy Surrey or down by the coast in rural Devon for example and how will you get to work or visit friends and family? Visit the areas you are interested in at different times of the day and night to get a feel for the area.
Check your credit score. This will be essential during the pre-approval stages.
Make sure your budget is up to date and you know what your income and expenditure is, this will help to identify if a mortgage and insurance costs are going to be affordable for you.
Get a mortgage in principle. Speak to a mortgage adviser to find out how much you’ll be able to borrow as this will help set a realistic budget and save time as you start searching for properties.
Know the full cost. Stamp Duty, solicitor fees, removal costs and extra furnishings all add up… when calculating your costs, it’s important to factor in these costs too!
Email us to get our 'guide to buying your Home' which will give you lots of useful information on the house buying process, things to think about and what all the jargon means- Info@modelfs.co.uk
Your home may be repossessed if you you do not keep up with repayments on your mortgage.
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