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First Time Buyer Guide

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Searching for the right place

When you are choosing a new home there’s a lot to think about – where you want to live, how much space you need and how much DIY you are prepared to do are just some of the decisions you’ll have to make.

1. Create a Viewing Checklist of what you’re looking for. Here are some of the things to think about – break them down into ‘definite wants’ and ‘wishes’. You’ll need to decide on the most important ones before you start looking, but be prepared to be flexible. Ask yourself:

What kind of home do you want?

  • A house, flat or studio,
  • number of bedrooms,
  • new or old property,
  • perfect condition or in need of work,
  • home office or children’s playroom,
  • car park or a garage,
  • garden or terrace.

What about the location?

  • How easy will it be for you to get to work?
  • how close are the shops?
  • what are the local schools like?
  • what is the crime rate?

2. Get an idea of what’s available. Look at as many properties as possible to get an idea of what you like and how the prices compare.

3. Get in touch with a few local estate agents, look in local newspapers and search online.

Tips:

  • When looking at properties, take someone with you as they may pick up things you miss and you can discuss it with them later on,
  • Have a second viewing at a different time on another day.

4. Consider the following key points if you are buying a brand new home:

  • The plans and room sizes as these may be smaller than the  showroom,
  • Small print in the developer’s specification, to check the finishes are what you want,
  • Availability of a warranty such as a National House Building Council Certificate, a Zurich Municipal Certificate or a Premier Guarantee.

Timing Tip:

  • You can appoint a solicitor while you are looking for a property to help things move faster when you find somewhere you like. Your solicitor will guide you through the process, speak to the seller’s solicitor, liaise with your mortgage lender and the estate agent.

Next step: Making an offer

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C&G mortgages are provided by Lloyds TSB Bank plc and administered by Cheltenham & Gloucester plc. Lloyds TSB Scotland plc offer their own range of mortgages, find out more.

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