Everything You Need to Know Before Buying Your First Home - Yahoo Finance UK

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Everything You Need to Know Before Buying Your First Home – Yahoo Finance UK

Purchasing your first home is a complex process that begins before you start looking! First, sort out your finances by insuring you have at least a 10 percent deposit and funds for costs such as solicitor fees, moving costs, and stamp duty. Be prepared to give mortgage lenders huge amounts of verifiable financial information as part of the loan approval process. Get a strong referral from friends or family for a reputable conveyancer who can manage the complexities of the process for you. Know what you are looking for in a house based upon your specific needs, such as parking, square footage, and location. Finally, register with some area real estate agents and be prepared to make an offer quickly in this very competitive market.