How do I buy my First House?

Buying a house of your own has felt more and more unobtainable over recent years. With a surge of people opting to stay at home with their parents rather than face the daunting challenge of attempting to get a foothold on the property ladder, it seems a whole generation are going to remain either with their parents or in rented accommodation. But if this really doesn’t appeal to you (or to your parents!) there are a number of ways that you can get your foot on that first rung of the property ladder…

Start to Save – Saving up a deposit is the best thing to do to ensure you have a place on the property ladder. If you are living at home with parents, squirrel away as much as you can – it soon adds up! If not, this may take you longer if you are renting but there are Government schemes such as help to buy which do not require as large a deposit as you may think. Also remember to have enough set aside for other things such as a removal company, such as this house removals Essex company and essentials such as furniture for your new home.

Speak to a Mortgage Advisor – Speaking to a professional is a great way to find out where you stand, what you need to do and how to go about doing it. They will be able to advise you based on your personal circumstances and may be able to suggest things that you were not aware of.

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Get your Finances Looking Good – Banks will look at how you manage your money, so it is important that your current account is looking healthy and try to curtail your spending on more non-essential things such as lavish nights out. There are a lot of good budgeting tips that you can use to help cut your outgoings. It is also important to check your credit score and get it looking as good as you can.

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