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TIPS FOR GETTING ON THE PROPERTY LADDER
Buying your first home can be a daunting experience, especially with escalating property prices. Whilst agents work for the sellers, at PDQ our qualified agents have over a quarter of a centurys’ experience in helping first time buyers and offer a few tips to help you on the way.
Before you go house shopping get a mortgage in principal agreed. The mortgage market is a competitive one, so try a few lenders and see you can offer you the best deal. An independent, whole of market advisor will be able to give you unbiased advice and this type of advisor is recommended by most independent consumer advice groups. Once you have this you will know exactly how much you can afford to spend. This will help you be realistic about what you will get for your money and prevent any disappointments.
Once you have your budget set, register with a range of agents in the area you are looking buy in. They will be able to discuss your expectations and advise you about what you can expect to get for your money. Try to remember that your first home may not be your dream home, you may have to climb the ladder a few times before you get there!
“Do as much research into the area as possible. Local newspapers and property portals will help you gain an insight into the local market. If property is out of your price range, consider an alternative area or maybe buying with a friend. Bear in mind that as a first time buyer you may be able to capitalise on a seller you wants a quick move, as you are not attached to a chain.
At PDQ, we can offer award winning advice and service and can put you in touch with a local, independent, whole of market, mortgage advisor and are always happy to help. 01326 561-561
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