1. Save a Deposit
Before you do anything in getting the ball rolling with your lender my advice is to save as much as possible. The reason is that the more you have to put into the property then the less you have to borrow which will reduce your mortgage payments…and stress :o).
2. Visit your Bank
Once you have your deposit then go and meet with your bank manager to find out what you can borrow. Rule of thumb is 5 times your salary (or combined if you are buying with a partner).
3. Decide what you cannot live without
This is the tricky part. Your first home is not likely to be your ‘forever’ home and you will have to make sacrifices on what you get. Once you have your budget have a look on the internet to see what it gets you. Then once you have an idea decide what you really need (parking, garden) and what you can live without.
4. Start Viewing
Once you have found a few properties that you think may suit you then get in contact with the agents selling them and arrange to have a look. Once you have found the property you want then you can make an offer. What happens next will be in another post…..
Pop in for a chat:
It is so much better to chat to an expert face to face and have them answer any questions that you have. So often these days people are communicating without meeting. At Broadlands we always have a sales negotiator sat in reception ready to answer all and any questions you have. It doesn’t matter how silly you think the questions are we would have been asked it before. Trust us. It is better to be informed than not. Our office is easy to find in the Royal Square and open from 9am-5pm Monday to Friday and 9am-12pm on Saturday. Come and say hello.