Mortgage advice Bristol

Buying your first home

One of the biggest steps most people make in life is buying your first home. Whether it is a flat, a starter home, or you want to find your forever home, you need to know what will happen. We can help, providing the best tips and mortgage advice Bristol can offer.

First time buyer

Being a first time buyer can give you some really great advantages. For example there is the Lifetime ISA that can help you to get a bonus on any money you save up and spend on your first home. You may even be able to get a Help to Buy loan. Plus, there is the new 95% mortgage.

You also have an advantage as a first time buyer because you won’t be in a chain. Many sellers prefer this because it means fewer delays in completing a deal and moving.

What to think about

When you are buying a home there are lots of things you need to think about. It is wise to start by looking at how much you have as a deposit. This can then give you an idea of what you may be able to borrow as a mortgage. That figure can help you to narrow down your property search, ensuring you are looking at homes that are within your range.

What you should do is find a mortgage and agree it in principal. The best way to do this is to talk to a broker; we can check the whole market to find the widest selection of deals. It will give you more choice than working with an individual high street lender.

Next you can start looking for properties and arrange viewings. This can be an exciting period but remember to take your time; don’t rush in to buying the first property you like. Plus, you need to make sure you ask the right questions and check things like the electrics and boiler.

If you do make an offer on a property and it is accepted you are ready to move on to the next stage. You will need to apply for a mortgage, appoint a conveyancer or solicitor, and may need to get a survey to make sure there are no problems with the property. Then, if everything is right you can exchange contracts and complete the deal.

First time buyer specialist

Your Space Mortgages is a team that works hard to ensure we offer the best mortgage advice Bristol clients can ask for. We can help everyone who is looking to purchase a home. Most importantly, we are a first time buyer specialist. We can support anyone new to buying and ensure they have the smoothest experience.

So, if you want to find out more about buying your first home, mortgages, and more, speak to us.