You’re looking to get on the housing ladder but are unsure of the process or costs involved? Some questions you might be asking yourself if you do not have the guidance of someone with experience are below.
· How much can I borrow?
· How much deposit do I need?
· What is stamp duty?
· What does a solicitor charge?
· When do I make an offer?
· Should I have insurance and what type?
· What does “exchange” mean?
· What is “completion”?
· When do I move in?
Lyndhurst Financial Management Ltd currently have 3 qualified independent mortgage advisers spread over 2 offices in Harpenden and Barnet. Our advisers can help you with all these questions and guide you through the purchase of your first home. In that case the first question should be;
When do I contact a mortgage adviser?
If you are unsure of the amount of deposit you require or the amount you are able to borrow then you should find this out before setting your heart on a property which may be out of reach. The best way to find out would be to let a mortgage adviser search the range of deals currently available and give you a good indication of the price range of property’s you can afford. This way when you see the property you desire you can make an appropriate and confident offer.
If you have any questions about buying a property speak to one of our mortgage advisers now. Our first consultation is always free and we would be happy to point you in the right direction.
