Purchasing your first home can be overwhelming, considering the myriad of mortgage options, rates, and lenders.

Our Top Tips for First-Time Buyers aim to alleviate this stress.

• Budget judiciously: Set a realistic house-buying budget, ensuring the mortgage is within your means. Account for furnishings and potential renovations in older homes, such as re-flooring or rewiring. Include these costs, along with conveyancing and stamp duty fees, in your total budget.
• Seek a second opinion: As a first-time buyer, you might overlook crucial details. It’s wise to bring an experienced home buyer for property viewings, or at least seek assistance at the second viewing.
• Factor in ongoing expenses: If moving from your parent’s home, remember to budget for bills like council tax, utilities, boiler servicing, and home repairs.
• Investigate Council Tax: Ascertain the council tax for your new home. The selling agent can provide this information.
• Examine the local area: Properties in good school districts are easier to sell, potentially reflected in higher prices. List local amenities important to you, such as shops or gyms. Explore the area on foot or by bike before deciding.
• Consult your car insurer: Relocating could affect your car insurance, especially if moving to a higher crime area or switching from off-street to on-street parking.
• Review transport links: Assess local public transport, like bus routes and train frequencies. This information benefits visitors who don’t drive.
• Verify internet connectivity: If you’re a frequent internet user, check broadband speeds in the new area. The selling agent should have this information.
• Consider commuting: Commuting can be a significant expense. Balance the costs and time against the potential higher property prices near your workplace. Minimizing commuting distance could save time for domestic chores or DIY projects.