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Monthly archive for January 2021

Navigating The House Buying Process As A First Time Buyer

Navigating The House Buying Process As A First Time Buyer

If you’ve been thinking about joining the property ladder this is great news. Buying your own home and investing in bricks and mortar is a sound decision for your long-term future. However, navigating the house buying process as a first-time buyer can be a long and confusing journey. But we are here to help!

While the house buying process as a first-time buyer may feel daunting, help is at hand. In this blog post we have put together some of the basic steps you need to understand and to help you on your journey.

  1. Your Financial Position

Buying a home is a big financial investment. For many people, it’s the biggest investment they will ever make. You need to ensure you have sufficient finances to purchase a new home. Unless you have large savings accrued over your lifetime or you have had a large windfall, you’ll need a sizeable loan to buy your new home. To get an offer of a loan you will need to have a deposit that is a proportion of the property value. You will also need to keep money aside to cover the costs of your solicitor’s bill, stamp duty, valuations, survey costs, removal fees and more.

  1. Saving Your Deposit

You need to think about how much you need to save. The simple answer is that you will need around 10% deposit as a minimum. However, many lenders aren’t offering mortgages with a 10% deposit in these current post-pandemic circumstances. That said, the higher the deposit you can save, the more likely you will be to get accepted for your mortgage. You will also get better rates on your mortgage if you have a higher deposit.

  1. Decision In Principle

It’s important to have a ‘decision in principle’ before you start looking for your dream home. This will give you a maximum price of the property that you can afford. It will also set up the monthly repayments, so you know what to expect. You will also get a Risk and Features Document. This basically sets out the risks and features of buying a home.

Once you have your decision in principle, you can start shopping for your dream home in Peterborough. We would recommend you have a free initial consultation meeting with our mortgage advisors. They can assess your financial situation with you, make recommendations and help you in being accepted for a mortgage. Then you’ll be able to get really exciting about buying your first home in Peterborough.

The house buying process as a first-time buyer can be scary, overwhelming and stressful. Here at Letters Group we will be by your side, helping you every step of the way. There is nothing to be worried about and any questions you have, just give us a call.

Looking For The Best Estate Agent In Peterborough?

Looking For The Best Estate Agent In Peterborough?

While claiming we are the best estate agents in Peterborough may sound like quite a bold statement, it is actually backed up. The team here at Letters Group are thrilled to announce that we have won 4 awards due to our services in 2020. The awards are through AllAgents (The UK’s Largest Customer Review Website for the Property Industry) and are as follows;

  • Best Estate Branch in Peterborough 2020
  • Best Estate Branch in PE1 2020
  • Best Lettings Branch in PE1 2020
  • Best Overall Agent in PE1 2020

As you can imagine, we are over the moon to have been awarded as the best estate agents across the whole of Peterborough, 2020 was not an easy time for people to buy or sell homes in Peterborough. However, as you can see from our reviews, it was still possible.

One example is this review from Samantha that she gave us on Facebook

Letters Group were excellent through the whole process of our move. During these tough times it wasn’t easy purchasing a house, but Robert Jarvis did it with ease and excellence! Highly recommend!”

Another example is this review that Annaliese wrote for us on Facebook;

As a tenant trying to find a new place to live during the Covid pandemic, Letters have been absolutely brilliant and a calming presence in what could have been a stressful situation. From finding me a new flat to handling the marketing of my current home on behalf of my landlord, they have been thoughtful, helpful, efficient and had great communication throughout. Will always recommend Letters to anyone for both rental and sales.”

If you’re looking for the best estate agent in Peterborough to help buy or sell your home, then you have come to the right place. AllAgents have awarded us the best estate branch in Peterborough 2020 and our buyers and sellers happily recommend us too.

Here at Letters Group we work with our buyers and sellers. We ensure they are informed of any changes every step of the way. Our team of agents support you in getting the best mortgage for your situation, finding your dream home and making the process as stress-free as possible.

Looking to sell or buy a new home in Peterborough with the best estate agent around? Contact us now!