You’ve made the biggest step; you’ve saved up your deposit and you’re ready to get on the property ladder.
But, before you jump in, our Wolverhampton estate agents have put together this guide, to help you get your ducks in a row.
- Shop around for a mortgage lender
Before you choose a mortgage lender you should shop around, think of it like speed dating, visit as many as possible and ask them to show you their best options. You should shop around for your mortgage lender in the same way you shop around for your home. Don’t go for the first one you meet; you could save yourself a lot of money if you find a better deal.
- Budget for transitional costs
If you are in rented accommodation, you might find it difficult to perfectly align your end of tenancy date and move in date. You may find an overlap between your rental contract and the start of your mortgage, so our estate agents recommend that you budget for this.
- Don’t sweat the petty things
When you’re at a house viewing it’s easy to get caught up in the minor details, things like paint colour choice or the current resident’s clutter. It is hard, but you need to try overlook these things. All these details can be changed once you move in, so don’t let them stop you from buying a great home in Wolverhampton.
- The survey will always reveal problems
Don’t be disheartened if your surveyors find problems, this is usually the case. The only time you need to worry is if they find major structural issues such as Japanese knotweed, subsidence, or rotting window frames. These are all findings that will need fixed as a matter of urgency. Nevertheless, this doesn’t have to dissuade you from purchasing the property, you just need to negotiate the fixes/ a price discount with the seller.
- Don’t stop asking questions
Asking any (and all) questions about the house you are buying is one of the smartest things you can do. Even if you think your question seems silly, our estate agents in Wolverhampton have heard it all, so ask it anyway.