Whether it’s your first home or you are moving up the property ladder, it’s important to work out what you can realistically afford before you start house hunting – set your budget and stick to it.
It’s a huge, long-term financial commitment you are planning so consider what effect a change of job or changes to your working hours could have on your household income. Remember to allow for things like holidays and social events too – unless you’re happy to give up your social life for the next 25-30 years.
In addition to the deposit you will also need money for legal fees, valuation fees, search fees and arrangement fees, some of which may have to be paid up front.
Get a mortgage offer before you go searching for a new home. You can approach a lender directly or use a financial adviser who will search all the mortgage lenders and find the best fit for you – there will be a charge for their services though.
Draw up a list of priorities before you go searching through available properties and decide what’s really important to you and what you would be prepared to give up, if necessary.
When you’ve decided which properties you want to view, try to arrange viewings during daylight hours if possible. Check out the neighbourhood at different times of the day – it might be quiet during the day but extremely noisy at night.
Once you’ve decided on a property and want to make an offer, firstly think about the position you’re in – are you a first time buyer or already sold your property? Does the property need work and is that reflected in the sale price? Has it been on the market for a long time or is the seller keen to make a sale? Any of these can put you in a strong position to negotiate on the price.
Once you are ready to find someone to handle the legal side of the buying the property (conveyancing), shop around for a quote – you can use our Conveyancing Quote Checker to help make sure that you compare quotes on a like for like basis. The cheapest isn’t always the best.
How we can help
Our team has many years’ experience in helping buyers to move home smoothly and as quickly as possible and you can rest assured that we will keep you up to date so that you always know what stage your transaction is at.
When you’ve found your ideal home, contact us for a free, no obligation conveyancing quote or a chat about your options.