There can be many issues for those looking to buy their first property. However, with the right advice and plan, you can still get on the property ladder.
There is also a major challenge due to the high demand for properties in today’s market and a reduced supply of properties for sale.
From getting the right information, to ensuring you need have a good team around you to help keep things going smoothly, here are eight top tips from experts Philip Armstrong, Emma McCormick, Thomas Greenway and Glynis Hobson to help you in the buying process.
9. Survey
Another step that all first time buyers should consider is surveying. This highlights to the buyers exactly what they are buying from a physical perspective. According to Thomas “by arranging a home buying survey, you have the opportunity to detail any physical issues affecting the property. He added: “Without a survey the buyers will be liable for all issues after completion with no recourse with the vendor.” Photo: pixabay
10. Always go by your current status
First time buyers should always consider their current financial position first and foremost, not a projection of their possible future earnings.Thomas advises: “You should always live within your means when going for a mortgage. Don’t overstretch yourself.” Photo: unsplash