Tips for first time house buyers

July 11, 2017 - Kevin Dunn

With house prices high, it can be daunting to think of the amount of money you need to save for your first home. However, it is possible to build up savings and find a mortgage that is affordable for you.


  1. Budget

It could be worth working out how much you think a suitable house would cost, which will give you a better idea of how much you need to save for a deposit. It can also be a good idea to work out other costs associated with moving house, such as stamp duty and surveys, so you have an accurate idea of how much money you will need.


  1. Set realistic targets

Work out how much you spend each month and if there is anything you could cut down on. Using this you can decide how much you afford to put aside each month towards your deposit. Try to set targets for how much to save every month as regular saving is more realistic than irregular one offs. Check your accounts regularly to make sure you are getting the best rates of interest.


  1. Look into Government backed first time buyer’s schemes.

The government has created a variety of Help to Buy schemes aimed at giving people access to the property ladder. Find out more and see if you are eligible at


  1. Seek Independent Mortgage Advice

We’re fully independent, so we can search the whole market for the mortgage that’s right for you, at the best possible interest rate. By contrast, banks and building societies can only offer a limited range of mortgages, and some mortgage advisers are also tied to preferred partners.

Buying your first home can be stressful and our mortgage advisers can help guide you through the process. We’ll liaise with lenders, estate agents and solicitors on your behalf, keep you up to date with progress and help reduce frustrating delays. We have a network of trusted partners we can approach on your behalf for quotes, for example, conveyancing from solicitors who’ve been highly recommended by clients before you.


For your free initial meeting contact or call 0116 269 6311.


This page is for information only and does not constitute advice and should not be taken as a recommendation to purchase or invest in any of the products/services mentioned