First Time Buyers
Top Tips For First Time Buyers
Have you budgeted correctly? Be realistic about how much you can afford to spend on a house, and ensure the intended mortgage is affordable. Don’t forget to allow for furnishings, and remember older properties may require extensive work, such as re-flooring, tiling or renewing the wiring. Make sure you budget for these likely expenses in addition to the purchase price, along with other fees such as conveyancing and stamp duty.
Ask for a second opinion: When buying for the first time, there may be a number of details to look out for that you may not be aware of. Always take an experienced home buyer with you when viewing a property. If this is difficult to arrange, make sure you at least get some assistance at the second viewing stage.
Look at the local area: Even if you do not have children, remember that property in the catchment area of good local schools will always be much easier to sell on (though it may be reflected in a higher purchase price). Also, write down a list of local amenities which are important to you (shops, gym, cinema etc). Before making any final decision about where to move to, take a stroll or bike ride around the local area.
Think about commuting time: Commuting can be one of the biggest household expenses. Since you’re likely to be spending much more time on domestic chores and/or DIY, minimising your commuting distance could be important. If property is more expensive nearer to your place of work, make sure you weigh up this additional expense when compared to the costs and time of commuting.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
What our customers say
“I wanted to let you know how much the homeowner at our recent closing raved about Sterling Capital. I feel very fortunate that we were introduced to them and that they have been such an invaluable asset to many of my clients.”
“I have been doing business with the Sterling Capital on the title and mortgage side for over a decade. They have always provided me and my clients with great service and attention, and consistently exceed my expectations.”
“As a trusted financial advisor, I need and expect the utmost in service for my clients, and that is exactly what Sterling Capital always delivers. They handle all of the tedious paperwork and make the process painless. In fact, many of my clients have returned to Sterling Capital time and again for all of their additional mortgage needs.”