Even experienced homeowners find buying a property a complicated and confusing experience, especially as it is something that we do very few times in our lifetime. For first time buyers this process can be challenging which is why we have provided you with a step-by-step guide on purchasing your first home.
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Ask a Lifetime qualified mortgage Adviser to assist you in finding the right mortgage for you. With over 4000 mortgage products on the market, understanding the different types of mortgages can be a minefield. A Lifetime independent mortgage adviser can take the hard work out of the process and give you the best advice. Once you have an “offer in principal” from the recommended lender you will know what you can afford. This will also give you a competitive edge when you come to make an offer on a property especially if you are up against other purchasers. |
Find out how much you can
afford now with online calculator:
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| Find out what your credit history is. You can obtain a report from www.equifax.com, www.experian.com and www.checkmyfile.com |
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| > Click here to view our printable budget planner |
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You need to decide what type of property you would like to purchase and in what area would you like to live in.
Make a checklist of your priorities including:
- Price
- Area
- Local transport links needed, distance to work
- Quality of Schooling
- Number of bedrooms
- Parking
- Garden size
- What’s going on in the local community
- Amenities
- Amount of decoration/restoration your prepared to put up with
- Location, Location, Location- have a walk around the neighbourhood your thinking of settling in.
Once you have taken all these factors into consideration you are now ready to get on with the exciting bit.
Organise your priorities and requirements of the property that you want to buy. Categorise must haves, preferences and no ways. This will save time wasting when registering with Estate Agents so that you are not given unsuitable properties to look at.
Now you can register personally and online with a few estate agents in the area that you want to buy. It is always good to meet with the agents in person as this will help establish a relationship that will be beneficial when being informed about new instructions. This may give you a strong advantage in this competitive market.
Arrange your viewing's and remember to give yourself enough time to look at each property. |
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| > Click here to view our printable property checklist |
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 Continue to Steps 3, 4 and 5
* Not all Buy to Let Mortgages are regulated by the Financial Services Authority.
We are authorised and regulated by the FSA (Financial Services Authority). Our FSA registration number is 448415.
WARNING: YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. There may be a fee for our service. This will be no more than 1.5% of the loan. The precise amount will depend on your circumstances but we estimate this will be £149.
Lifetime is a trading name of Lifetime Financial Management Ltd which is authorised and regulated by the Financial Services Authority for advising on and arranging mortgages and insurance.
Lifetime Financial Management Ltd, registered in England and Wales, registered Number 3652194. Registered address: 1st Floor, City Gate, 17 Victoria Street, St Albans, Herts, AL1 3JJ. Director: Paul Merrigan.
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Confused by all the key terms?
No problem, click here to find out more, or hover over underlined words.
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