and ideally get a ‘mortgage decision in principle’ so if you find the right place at the right place you can make an offer. this is really positive from a sellers point of view and could make the difference between you and other very similar buyers having your offer accepted.
there are a number of Government schemes where first time buyers can be eligible for a savings boost to help get a meaningful deposit together. check out https://www.helptobuy.gov.uk/ and https://www.sharetobuy.com/ for shared ownership options.
this isn’t simply a money saving tip, each credit check that you have appears on your credit file and could negatively impact your chances of getting a mortgage offer. think carefully before you sign up for that new phone or apply for a store card.
it’s not just the affordability of the mortgage payment itself, you need to consider the cost of conveyancing (legal costs), removals or van hire if you plan to do this yourself, stamp duty and any essential white goods that may not be in the place you’re about to buy. arm yourself with quotes - get a quick, fixed fee conveyancing quote now from elephant conveyancing.
does it smell damp? could empty rooms accommodate the size of furniture you need? is the property overlooked? is there room to extend? has there been any dodgy DIY? is the neighbour’s taste in curtains offensive? the list goes on but you may forget in the excitement of nosing around someone else’s house.
‘ripe for renovation’ – goodbye savings, hello DIY hell. get all of the details in advance of the viewing so you can prepare your questions and don’t be afraid to ask to look at the property alone once you have been shown around.
dads, mums, uncles, grandparents, friends can all be great for this sort of thing. they may just tap at walls in a reassuring manner but it can help to have an extra set of eyes – just don’t ask for their advice on the décor
buying a property is a big deal, quite possibly one of the biggest purchases of your life. make sure you don’t cut corners when you are advised to have surveys and additional searches. a bit of time invested in this at the outset can save a lot of heartache and money later down the line.
if your estate agent or mortgage advisor recommends a conveyancer to handle the legal aspects of your move always make sure you get some comparative costs. commission fees that solicitors often have to pay to third parties can add hundreds of pounds to the price you’ll pay. direct conveyancing companies like us can save you money.
12 Oct 2018
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