Three Tips for First-Time Buyers:

20th September 2024

Research Government Schemes: Explore government schemes like Help to Buy, Shared Ownership, or the Lifetime ISA designed to support first-time buyers. These can provide financial assistance, reduce your deposit, or offer favourable mortgage term

Get Pre-Approved for a Mortgage: Before house-hunting, secure a mortgage agreement in principle. This shows sellers you are serious and gives you a clear idea of how much you can afford, helping you avoid disappointment.

Factor in Additional Costs: Beyond the deposit, remember to budget for additional expenses like stamp duty, solicitor fees, surveys, and home insurance. These can add a significant amount to your initial outlay.