Buying your first home is an exciting milestone, but it can also feel overwhelming. Don’t worry – we’re here to help you navigate the process and ensure you make informed decisions every step of the way. Here are some expert tips to guide you through the journey of buying your first home with confidence.
Understand your financial situation
Start building your deposit - Start saving now!
Even if you can only save a little each month, every bit counts. Opening a dedicated savings account or an ISA can help your deposit grow over time.
Want more tips on saving for a deposit? [Click here for more advice!]
How much can you borrow?
Before you fall in love with your dream home, make sure you can afford it! Our financial advisors, Tim & Vic, will be happy to help you work out what you can afford and guide you through the mortgage process
Clarify your needs and wants
Buying your first home can be overwhelming, especially with so many properties to choose from. To stay focused, create a list of "non-negotiables" - features you absolutley need in your home. Consider the number of bedrooms, proximity to work and other factors that will be important to your lifestyle.
Reach out to Wilkins Vardy
Speak with the team at Wilkins Vardy to inform them of your requirements. We’ll keep you updated on properties that fit your criteria and schedule viewings. Additionally, sign up for property portal alerts to stay informed about all new listings.
Consider part ownership
Shared ownership allows you to purchase a share of a property (meaning you own a percentage) while paying rent on the rest. Buying a percentage means a smaller deposit and a smaller mortgage, making it easier to get on the property ladder. It’s a fantastic solution for many first-time buyers, and even those who’ve previously owned a home.
Make your offer
Once you find a home that fits your needs, it’s time to contact the estate agent to make an offer. The agent will guide you through the negotiation process and work with the seller to reach a mutually acceptable agreement.
Offer Accepted
Congratulations – your offer has been accepted! Be prepared to provide proof of funds and identification. Now, it’s time to instruct your solicitor to handle the legal side of things. Stay proactive and responsive throughout the process to avoid delays. Once contracts are exchanged and everything is completed, you’ll be ready to receive the keys to your new home. Time to celebrate.
