Gatehouse estates

First Time Buyers advice

 

Buying a home for the first time can be expensive. As a result the average age of a First Time Buyer has increased dramatically over the last 15 years. Before you set your heart on one of our properties please make sure you have an idea of the different costs and find out ways you could make buying a home possible and less daunting.

The costs may include some or all of the following:

  • A Deposit
  • A Mortgage Arrangement Fee
  • Stamp Duty Land Tax
  • Surveyors’ Fees
  • Solicitor’s Fees
  • Search Fees
  • Land Registry fees
  • Removals
  • Decorating Costs
  • Furnishings

Buying with others can be a solution to coming up with the deposit and sharing costs. It’s important to carefully think about what might happen if circumstances change and one of you wants to sell their share of the property.  

Most mortgage lenders require a deposit of at least ten per cent of the value of the property you wish to buy. As the price of property increases, the deposit can become expensive. There are many types of mortgages available and some are targeted specifically at first time buyers.

 

Gatehouse estates
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