First Time Buyers Advice

PUBLISHED: 24 February 2021
DISCLAIMER: The information in this blog post may be outdated and may not reflect current financial practices or market conditions

Are you looking for first time buyers advice on how to get started when you want to look at moving out and into your own place? We have the perfect team that will be able to help you not only be prepared for your first time buy but also making sure you get the best mortgage possible. Getting onto the property ladder is a goal for most people in their lives, however, it can be a very daunting task with a lot of advice out there being conflicting. Let our team assist you and guide you through the whole process from the initial contact, finding out how much you can borrow, getting a breakdown of costs involved and obtaining an agreement in principle, making you a qualified purchaser and a desirable buyer for many estate agents and sellers alike.

Buying your first home can be an experience you’ll never forget. While the actual process of house-buying only starts once you have found a property that you might like to call your home. Planning ahead will give you a huge advantage when it comes to getting the home you really want. Getting your finances in order cannot be understated. Our first piece of advice is to accumulate as big of a deposit as possible and the reason for this is because the borrower’s deposit is the lender’s protection. When deciding whether or not to accept a mortgage application, lenders have to think about the challenges potential borrowers may encounter during the life of the mortgage. The bigger the deposit will also mean smaller repayments as the mortgage will be smaller.

We also advise to set some money aside for moving costs, it is important to budget for all costs involved in moving home, buyers may be liable for stamp duty and will need to pay solicitors and surveyors fees. The actual cost of moving from A to B and of furnishing and equipping a new home will depend on a variety of factors. It can, however, be useful to have a budget for unforeseen expenses. In other words, funds available to deal with anything about your new home that you only notice once you’ve moved in. Although not strictly a home-purchasing cost, new homeowners household items as the need arise.

Barrett Mortgages is a professional finance broker and can give you first time buyers advice. Providing mortgages for everyone including first-time buyer mortgages, self-employed mortgages and many more. Fed up with the high-pressure sales tactics of the large corporates, Barrett Mortgages was set up by founder Darren Barrett in 2009, during some of the hardest market conditions the industry has seen. The unparalleled, clear, trustworthy, honest and upfront service offered by us, has meant our business has thrived during these times when clients have needed more individual and specialist help.

All of our staff are fully qualified, experienced and chosen based on their keenness to provide the best possible experience for our customers. We promise no pushy hard sales tactics and have built a strong reputation which is important to us and we rely on referrals from clients.

Interested in our services and advice? Get in contact with us to find out more about first time buyers advice.