Getting A Foot On The Property Ladder: A Guide For First-Time Buyers

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If you’ve been saving up to buy your own home and have been waiting until your credit score has risen enough to allow you to get a mortgage, you may now be considering buying your first property. Although you are most probably incredibly excited at the prospect, you may also be feeling a little apprehensive, after all buying a house can be a somewhat stressful process, especially, as a first-time buyer. To help make buying your first property a little easier, below are some tips and useful pieces of advice to take note of.

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Photo source: Flickr
Get your mortgage approved first

Whatever you do, don’t make the mistake of starting to look at properties until you have got your mortgage approved. Otherwise, you could end up finding somewhere that you love, only to lose it to another buyer because you don’t have your mortgage sorted out. You see mortgages can take weeks, sometimes even months, to be approved, so that’s why it’s crucial that you get yours approved before doing anything else.

Get the help that you need

The next step, once your mortgage has been approved, is to get any help that you need. When it comes to buying a house, you want to ensure that you have all the help that you could possibly need on hand. Ideally, you want to find a suitable estate agent who will be able to help you with your property search. You should also look for a solicitor who specialises in conveyancing - for law firms who have solicitors that specialise in conveyancing click here. It could also be worth having an energy expert do an audit of the property, to let you know how energy efficient it is, as the more efficient the property is, the less it will cost you to run.

Don’t rush into choosing a property

A mistake that a lot of first-time buyers make is rushing into choosing a property. If you find a house that you like, that’s great, but that doesn’t mean that you have to make an offer right away. Before making an offer, it’s a good idea to view at least three or four houses, to ensure that you are getting a good deal. It’s also a good idea to visit the property at least two to three times, looking at it objectively. The last thing you want is to buy a property only to find that afterwards, it has problems like damp, and so on. So it’s important to examine any property that you are planning on making an offer on carefully, to make sure that there aren’t any nasty surprises. It could be worth taking a friend or relative with you, in case they spot things that you haven’t noticed, such as areas of damp, for instance.

So there you have it, everything that you need to know about buying your first property. Take note of the tips above, and you can make getting your foot on the ladder easier and less daunting.

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