The 5 biggest mistakes made by first-time buyers!

Posted on Thursday, 31 May 2018 | Written by Hayward Moon

Discover some of the mistakes often made by first-time buyers and how to avoid them with Hayward Moon, East Anglian Specialist Conveyancers.

 

When buying your first home, it can be overwhelming with many obstacles that you need to face! In amongst all the paperwork, mortgages and information, there may be some vital mistakes made. We are here to help! We are providing you with all the mistakes you must avoid as a first-time buyer to make your first move smooth sailing. 

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Credit Score

Before anything you need to ensure that you have a good credit score before you can even consider applying for a mortgage. There are many ways to boost your credit score — for example getting a credit card is a great way to start. Explore more ways you can boost your credit score. 

Budget

Not only do you need to budget for your deposit but also additional legal costs. It's best to prepare for extra expenses, so you're not faced with any surprise bills. 

Thorough House Viewing

It's easy to be super-excited when viewing homes which may lead you to glance over hidden issues. Don't be afraid to take your time when visiting the potential property. Having a second opinion can also be beneficial.

Ask Questions

Purchasing a property is a big decision to make. Make sure you're not afraid to ask questions until you are comfortable with your choice. Whether it's a question about the property, the mortgage or legal fees don't be hesitant to ask.  

House Survey

Many first time buyers make the mistake of skipping a property inspection as they may not be willing to pay for a survey. However, we recommend to get one as it can pick up on issues that may be costly to fix in the long run. 

 

When it comes to moving home, we’d love to help you with the legal side of things. With offices based in Ipswich, Colchester, Bury St Edmunds, Cambridge and Diss, we’re well situated to help you get a move on. Get in touch here.

Call
Ipswich 01473 234730
Bury St Edmunds 01284 727290
Diss 01379 646040
Cambridge 01223 236555
Colchester 01206 710717

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