Tips for buyers

Tips for Buyers

Home ownership is likely to be the largest purchase you will make in your life, as well as one of the most important ones you will make. Small errors can have costly repercussions!

So, with your best interests in mind, we’ve compiled a list of suggestions to assist you:

1 –Be Sure You Want to Purchase

Having your own home has a lot of charm. However, consumers should take a moment to think whether they are ready to make the purchase.

Buying a home is a long-term investment, but it is only feasible if you can:

  • Obtain a mortgage large enough to cover the cost of your desired home;
  • You can afford your mortgage payments on a monthly basis;
  • A deposit or a guarantor can be arranged.


2 –Understand the True Costs of Purchasing

Purchasing a home will almost probably be more expensive than you anticipate. Here are some things to think about:

  • Conveyancing fees can range from £500 to £800 depending on the house price.
  • Stamp duty: If you acquire a house for more than £125,000, you’ll have to pay stamp duty (1st-time purchasers pay stamp duty on transactions over £300,000).
  • Mortgage arrangement fee: Your mortgage lender will most likely require you to pay a fee of roughly £1,000 as an arrangement fee. Check to see if this is refundable, as you may not be able to get it back if the deal goes through.
  • Fee for a valuation: Lenders will almost certainly charge you for a valuation to ensure that the property exists and that it provides adequate security for the loan. Expect to spend roughly £300.
  • Surveys might cost anywhere between £400 and £700. Due to certain transactions falling through, you may have to pay for repeated surveys.
  • Costs of removal: The cost of having your belongings relocated can range from £100-£1000, depending on the amount and distance transferred.
  • Be prepared for unexpected property upkeep when it comes to home repairs.
  • Furniture and decorations: now that you’ve purchased your house, you’ll need to furnish it and turn it into your dream home


3 –Take Care Taking out the biggest loan possible

Before you start looking for a home, make a budget and don’t believe lenders that convince you that you can pay more. You must ensure that you will be able to make your mortgage payments on time.


4 –Improve Your Credit Rating

Before you start shopping for mortgages, make sure you have the best credit score possible.


5 –Get to know the surroundings

Make sure you enjoy the area you’ll be moving to. Visit at various times of the day, knock on doors and solicit feedback from neighbours, and explore the neighbourhood’s stores, streets, and parks.


6 –Before you buy a house, get home insurance quotes.

Before you take the leap, ensure sure you have adequate insurance.


Register With Us

Finding your next dream home can be exciting but it will most definitely also be very time consuming. But you have no need to worry. Tell us what you’re looking for in your next home and we’ll do all of the hard work for you. After you’ve registered with us you can put your legs up and relax and wait for an e-mail/text confirmation from us once we find the perfect home for you.
Whether you’re looking to rent or buy,

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Free Valuation

Finding out how much your property is worth is the first step in selling or letting your property. Or you may just want to know how much your house is worth. A Ryan Baker Estate Agents property professional will be delighted to come to your property at the most convenient time for you to give you an accurate and free valuation.

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Choosing the right Estate Agent is crucial in ensuring your property search/let/sale goes as smoothly and hassle free as possible. We believe we are the right Estate Agents for you.

With almost a decade of expertise in property and two decades in finance, you can be sure you will be provided with a professional, respectful and, most importantly, a personal service as you make your next big life decision.

But don’t take our word for it, take theirs.

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Which mortgage is best for you? We work alongside independent local mortgage brokers to ensure that all your financial needs are catered for, helping to save you the hassle and time of shopping around yourself.

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