Never ever ever did I imagine that at the age of twenty one I’d be in the process of buying my first home with my boyfriend. As first time buyers we have very little knowledge of houses, mortgages and the tonnes of stuff that comes with it and I’m sure we’re not the only ones! If you’re in a similar position and clueless as we are, you will hopefully find some of the following tips and advice helpful…
#1 Choose your conveyancer carefully. Often the estate agent you’re buying through will recommend a team they’re partnered with, but don’t feel pressured into using them. A conveyancer is responsible for sorting out all the legal bits involved in the purchase of your new home and will cost you something like £500. They’re a big part of the process so having someone who will update you often and answer any questions you have is definitely important.
#2 I for one can’t wait to move into our newhome so I can really start to make it ours. Simple tip, but start off with the basics like sofas and kitchen equipment before bulk buying the entire range of Yankee candles (potentially guilty).
#3 Read your documents! This seems like a really obvious one but don’t trust everything you sign to be correct and accurate. Mistakes can be made no matter how experienced and knowledgeable the author is. Read through all the paper work you receive (however boring it may be, and it is) and make sure to bring up any queries with your conveyancer.
#4 Keep organised. By the end of the process you’ll have paper work coming out your ears so it’s important for your sanity (at least it has been for mine) to keep everything filed. Depending on the company, a lot of it may be scanned and kept online so it can easily be accessed if and when needed. It is, however, always useful for the inevitable insurance policy documents and copies of this, that, and the other to be filed neatly away to be produced in a time of need.
#5 When checkingaffordability, always over estimate. If you can afford to move out when you’re allowing £500 a month on food for two of you when in reality it may only be £250, you won’t suddenly find yourself scraping by.
In the same position? Or a house buying pro? Let me know your tips!