Checklist for First Time Buyers | Phil Spencer

Описание: For most of us, buying a house for the first time is one of the biggest purchases we’ll ever make. It can be a daunting process, so make sure you’re fully prepared – one small mistake can have huge consequences.

Property expert Phil Spencer provides a complete first time buyer checklist to help guide you through the process.

1. Timing
Make sure it’s the right time for you to buy and that you can comfortably afford it. Remember that you’re not just investing in the house, but also the area you’ll be moving into. It’s important to ask yourself if the area is right for you and if it’s worth the money that you’re putting into it.

2. Additional Costs
It’s also worth remembering the other costs which could be easily overlooked on your first go-round. These include home insurance costs, stamp duty, mortgage arrangement fees, and more. As a first time buyer, speaking to an expert advisor and financial planner will be extremely valuable.

3. Upfront Costs
When it comes to your deposit, you’re looking at around 10% as a rough guideline. There are other upfront costs such as surveyor, legal, professional conveyancer and removal fees (consider insurance for your belongings while they’re in transit).

4. Ongoing Maintenance
Once you officially own the house, be prepared for the ongoing maintenance, from council tax to utility bills.

Considering all these factors will help put you in a good position when buying your first house.

We can help connect you to an experienced Mortgage advisor here: https://bit.ly/2PCWEkq

For an in-depth guideline for first-time buyers, visit here: https://bit.ly/2rzjsYu

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