UK Mortgages - First Time buyer Mortgages - Tips

Tips for first-time buyers

• Be realistic when working out how much your mortgage needs for your new house.
  Remeber :-
  • new houses still require furnishings,
  • Older properties refurbishment, re-flooring, tiling, electrical repairs structural repairs.
  • Other fees such as conveyancing and council tax also are a part of your outgoings.
    
• When buying for the first time, there may be a number of tell tale signs in the house you are looking at, which as an first time buyer you may miss. try take someone who has experience at being a home buyer, maybe your parents, or a home-owning friends, this isn't always convenient the first time you view a house so take them to the second or third viewing.
  
• Remember to budget for expenses such as council tax, gas and electricity bills, boiler servicing, and other home repairs. especially If you have been used to living at home with your parents
  
• Find out the council tax charges in your new property. The estate agent should be able to tell you what band the house you are interested in buying is in.
  
• At some point you may want to have children, so make sure that property in the catchment area of good local schools.
  
• Will your transport arrangements change in your new house. If you own a car, a your insurance premium may rise if you move to a place with higher crime rates, your new house may have on-street parking rather than a garage
  
• Check the quality of public transport servicesin the area,
  
  
• Take a bike ride or a walk in the area to find out how close local ameneties are
  
• Find out how close the nearest emergency services are
  
• If you are a heavy internet user, check to see that broadband or other high-speed internet is available in the area you may well be to far from the local exchange or there may be no underground cables servicing your area.
  
• If there is "brown land" near your new property, it is a good chance there will be development of buildings, maybe commercial premises or simply new houses. Over 90% of housing developments are built on recycled brown land.  Brown land sites are typically well located in established environments, close to shops, schools