1) ADDRESS YOUR FINANCES!
Even before you start thinking about buying a property, you need to know how much you have available to spend. Speaking with a mortgage adviser and discussing how much you are able to borrow. If you don’t already have an existing Mortgage Advisor, get in touch with our sales team and we can point you in the right direction. Also, remember to include money for renovations, removals, and stamp duty within your budget.
Many Mortgage Advisors will give you a Mortgage Promise, Decision In Principle and a Mortgage Agreed In Principle Certificate – you’ll be asked to provide these when you offer on a property, together with your proof of deposit (savings, help to buy, gifted monies) If your deposit is coming from the sale of another property, one great tip is to also get proof of your outstanding mortgage. When we check the chain with the estate agent that you have Sold through, we can then work out your equity and provide as proof to our vendor.