Getting onto the property ladder can be quite the challenge and it is a key goal in a lot of peoples lives. There is a lot of conflicting advice out there and that is why you should get advice from the professionals. Buying your first home will be an experience to remember and you will never forget it. While the process of buying a home starts once you find somewhere that you wish to call home.
We recommend that you start to plan ahead as early as you possibly can as this will help you to have the best chance of getting the home that you’ve always wanted. We believe that a bigger deposit is better as the burrower’s deposit is the lender’s protection, the lender will have to think about what challenges you may face during the life of the mortgage this could be things like having children or a period of unemployment. The bigger the deposit is the less exposed the lender is to changes. With a bigger deposit, it will mean that you will have lower repayments as well as you won’t have as big of a mortgage.
Setting some money aside for moving costs is also a great idea as some buyers may be liable for stamp duty and will need to pay solicitor’s and surveyor’s fees. The actual cost of moving depends on a variety of factors, it may also be useful to budget for any unforeseen expenses this is for things that you didn’t notice until you moved into the home. Getting help from a government help to buy scheme can be very helpful as more of the mortgage is covered by the government.
Get in contact with us if you are interested in any of our services.
