Buying your first home can be a daunting experience, especially with current property prices and mortgage availability.
Handy tips
Before you go house shopping get a mortgage in principal agreed. The mortgage market is a competitive one, so try a few lenders and see you can offer you the best deal. Once you have this you will know exactly how much you can afford to spend. This will help you be realistic about what you will get for your money and prevent any disappointments.
Once you have your budget set, speak to a good local estate agent. They will be able to discuss your expectations and advise you about what you can expect to get for your money. Try to remember that your first home may not be your dream home, you may have to climb the ladder a few times before you get there!
Do as much research into the area as possible. Local newspapers and property portals will help you gain an insight into the local market. If property is out of your price range, consider an alternative area or maybe buying with a friend. Bear in mind that as a first time buyer you may be able to capitalise on a seller who wants a quick move, as you are not attached to a chain.
