If you are considering purchasing your first home in Peterborough then this is a must-read blog post for you. We have put together three things that first time buyers in Peterborough need to do. These tips will help you get everything in order so you can get your hands on your dream first home.
Speak To a Mortgage Advisor
The first step on the property ladder isn’t about spending ages meeting estate agents about houses and trawling Rightmove. Instead the first thing you need to do is to speak to a mortgage adviser. They will help you understand the budget for your property. If you are purchasing a first home in Peterborough with your partner it is important you are both aware of your responsibilities. Your mortgage adviser can go through this with you. By speaking to a mortgage adviser you will know the sort of property you can afford and the ongoing costs you can expect to pay for your home and mortgage. Give us a call and we can recommend some trusted and reliable mortgage advisors in your area.
Speak to an Estate Agent
This is where we come in for your dream house hunting. Now you know how much you can afford we can help you choose your first home. We will talk to you about house prices and what you can expect for a house that price. We will talk about areas where you can more for your money as well as any upcoming developments or homes that are new to the market and may be of interest to you. We will take the time to understand what you want from your home, and what you can be flexible on, as well as what your new home MUST have. For example your home may need to be near transport links, have off road parking or a large garden for your dog.
As a first time buyer you will be a popular home buyer for those selling their homes in Peterborough. This is because it is likely you will come with no chain, which means the house buying and selling process can be quicker for all involved. It is essential that your paper work is up to date. This means then when you find your perfect home and your offer is accepted, you are ready to move house. When you speak to your estate agent and mortgage adviser they will tell you all the paperwork you need to have ready and in order. The sooner this is prepared, the smoother the process will be to buy your first home.
If you are a first time buyer looking to take that first step on the property ladder, give us a call. We can recommend a mortgage adviser for you, and help you find your dream home too.