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Next Time BuyerHelpful Information for Home Movers

It’s likely that much has changed in the property market since you bought your last property, and therefore we would advise seeking advice from a qualified advisor about the next time buyer mortgage options currently available to home movers. Mortgage lenders have tightened their lending criteria significantly in the last couple of years, and you will need to be able to put down a deposit of at least 20 percent in order to secure a next time buyer mortgage deal. This deposit requirement will rise if you have a poor credit rating from missed loan payments, CCJs or irresponsible borrowing in the past, and you may find that the next time buyer mortgages you are offered will have less competitive interest rates. More info

Helpful House Hunting Tips

  • Take photos. When you are out house hunting, take plenty of photos so that when it is time to make a decision, you are able to look back and remember the interiors of the houses you have seen.
  • Make notes. Take notes on details of the house that cannot be captured in a photo. This can help refresh your memory in case there is something you need to discuss with the seller.
  • Explore the neighboorhood.  While the inside of the house is no doubt the most important factor in your decision, the surrounding area should also be considered.  Consider planning your visit to coincide with a local event, which would give you the opportunity to chat to some of the local residents.
  • Make appointments to see promising properties again. Once you have narrowed it down to your favorites, make appointments to see these houses again. Maybe you will discover something new when you revisit the property.