Not yet registered? Create a OverBlog!

Create my blog

Advice for first time home buyers

Are you buying a home for the first time and need help? You need not panic. Home buying for the first time can be a stressful experience. This article will provide some tips and advice to get you on your way to your dream home.

House buying guide

What you need to know
Get help through home ownership schemes
There are a number of schemes aimed at helping first time buyers. ‘Low-cost home ownership schemes - a guide’ outlines the schemes that are currently available and many more. First home mortgage
Most mortgage lenders require a deposit of at least five to ten percent of the value of the property that you wish to buy, and this will vary. As the price of property increases, the deposit can become expensive. When property prices are at a low level, then it is the right time for you to buy. You may want to consider asking family or friends for financial help. There are many types of mortgages available, and some are targeted specifically at first time buyers.

First time buy

Facts and fees
High property prices have made it difficult for many people to afford to buy a home. This may be a particular challenge for you if you are a first time buyer, as you will have many one-off initial costs including: - A deposit - Stamp Duty Land Tax - Surveyors’ fees - Lenders' fees and charges - Land Registry fees - Removals/or moving in charges If you are thinking of buying a house for the first time, make sure that you have planned for all the costs that you will face. 'Planning on buying a home' will explain the main costs that you are likely to pay. Cheap mortgages
The best way to find your cheap mortgages and re-mortgages is through the Internet and price comparison websites. They will be the biggest financial loan of your life. Therefore, it is important that you go about it in the right manner. To find the lowest mortgages and mortgage information, always shop around your local banks and building societies as well as on the Internet. The lower the APR (Annual Percentage Rate), the lower the interest that you need to pay on your repayments and the more money you save. The higher the rate of APR, the higher the rate of interest that you need to repay. Conclusion
If you are a first time buyer, always seek for professional advice from a realtor or an estate agency.

Same category articles Property

All about: Genesis homes

All about: Genesis homes

When it comes to quality homes, Genesis is a leading brand in the market that is trusted. With over 55 years of experience in the house building industry and a relationship with more than 25 different manufacturing centres throughout the United States, a quality built home is easy to obtain. Here's some background information and history about Genesis modular homes.
Where to buy church signs

Where to buy church signs

Buying a church sign can be a difficult process as the signs have to service a couple of purposes. They have to fit in with the general appeal of the church and provide the congregation with a place where they can read the latest news and get updates on church services as well.
A guide to buying farm buildings

A guide to buying farm buildings

If you want to buy farm buildings in the United Kingdom, there are several factors that you will need to take into consideration. These include ascertaining whether the buildings are listed, the amount of work that you can do on them, finding out how the land on which the buildings stand is graded, as well as its accessibility.
A guide to mansions for sale

A guide to mansions for sale

Many affluent people prefer to live in mansions with luxurious amenities. Buying luxury estates can be an exciting journey of visiting various expensive houses for sale and everything in between to find that perfect home. If you have enough wealth, you can even plan to purchase a home abroad in countries like Spain and Italy. This article is a guide to buying mansions for sale.