For our first time buyers we can advise you every step of the way from start to finish and guide you through the maze of the buying process. With being able to have access to over 600 providers and 32,000 schemes we can place the mortgage for you that best meets your requirements, together with shopping around the whole of UK market insurance companies to keep the costs down for you especially with so many types of mortgages being made available to you as a first time buyer we can make sure you are buying the property with confidence.
We know at Mortgage Board that buying a house for the first time can be a bit daunting, our expert Mortgage Advisors and In-house processing centre can take you through the whole process from viewing the property right through to completion. Below are some ideas for you to consider before purchasing.
We know at Mortgage Board that buying a house for the first time can be a bit daunting, our expert Mortgage Advisors and In-house processing centre can take you through the whole process from viewing the property right through to completion. Below are some ideas for you to consider before purchasing.
- What can you afford to spend on furnishing and home improvements? Be conservative when calculating what you can afford, and remember that a newly built house will need furnishing, while older properties may need additional improvements such as flooring, tiling, re-wiring or roof repairs
- We can obtain immediate quotes from our local, regional and national panel of solicitors giving you competitive conveyancing fees all under one roof with our online service and no sale, no fee guarantee, and don’t forget stamp duty.
- Don’t forget that utilities such as council tax, gas, water, telephone and electricity – as well as other unforeseen items like boiler servicing and home repairs – will all cost money. You’ll need to budget for all these items.
- Your local council will be able to tell you what council tax band the house you are interested in buying is in, and how the charges are levied by your local authority or indeed if the area is exempt.
- Costs may differ when you’re finally in your new home. Check the availability/times and cost of public transport services, as well as making provision for potential car insurance increases if you’re moving to another area with a different postcode.
- If your car is insured in your parents/guardians name in order to reduce premiums, be prepared for these to be increased when you move into your new property and become the first named driver.
- Look at buying close to your place of work. As well as being one of the biggest household expenses, commuting can add stress and cost to your already hectic schedule.
- As a first time buyer, there may be some details in the properties you view that might not be obvious to you. Think about taking along someone who has bought before – for example a parent or home-owning friend, when you arrange a viewing. At the very least, make sure you get some assistance once you have selected a property you like, and always arrange a second viewing.
- Whether you have children or not, properties in popular areas/districts with excellent catchment areas for good local schools will always be much easier to sell on.
- Write down a list of local amenities which are important to you. This may include local shops, places of interest, walks, restaurants, public houses, sports amenities, local parks, motorway networks and cinemas etc. Ensure that you are happy with the neighbourhood before committing to your purchase.