Some people are excited about moving out of rented, shared accommodation, or parents’ homes. Others are anxious about the amount of responsibility, paperwork, and money this move involves. We are here to guide and support you throughout the ups and downs of your home buying journey.
Visit the area Take a walk around before viewing. Get a feel for the neighbourhood and nearby amenities.
Get prepped Make a quick list of questions or key things to check during the viewing.
Don’t worry Ask questions and use the experts. A survey later in the process can give you peace of mind
Don’t delay Good properties move quickly—if it feels right, be ready to act
A mortgage is a big loan, usually from a bank or building society. They assess your viability on a variety of factors based on your financial situation. You pay it back to the lender on a monthly basis over a long term, like 25 years. You also have to pay interest back on the loan. It’s a big debt to have but is the main way most people are able to buy property
There are some lenders who offer a 95% mortgage so you would need a 5% deposit. If you were buying a property for £200,000, you would need a £10,000 deposit. You could put down a 10% deposit at £20,000 or 15% at £30,000. The bigger your deposit, often the better your interest rate and lower your monthly repayments. Also, a bigger deposit can mean you’re more likely to be accepted for a mortgage.
Survey costs
Legal fees (which would include searches and disbursements)
Stamp Duty
Insurance – building and contents Life insurance – the lender is likely to require this so if anything happens to you, the mortgage debt is settled
Moving costs
Renovation costs (if applicable)
Property maintenance costs from mowing the lawn to replacing roof tiles and cleaning gutters
Furniture, appliances, and other homeware to put in your new home
Decorating
Council tax
Bills like electricity, water, gas, sewerage
The Mortgage Experts works with Knightsbridge Estate Agents to provide their clients with expert mortgage and protection advice. The Mortgage Experts have access to over 12,000 mortgages from 90+ lenders so we can find the right mortgage to suit your individual needs. The expert advice we offer, combined with the volume of mortgages that we arrange, places us in a very strong position to ensure that our customers have access to the latest deals available and receive a first-class service. We will take care of everything from explaining all of your options and helping you select the right mortgage, to choosing the most suitable protection for you and your family and handling the whole application process. Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
What costs are involved when buying a property?
How long does the buying process take?
What happens after my offer is accepted?
Do I find a house or a mortgage first?
It's important for you to compare different lenders and mortgage services to find the best terms and rates that suit your specific situation and needs. Additionally, mortgage brokers can also be helpful in connecting you with multiple lenders and finding the most suitable mortgage solution
