With Brexit and all its uncertainty looming ominously in the background, getting on the property ladder can seem like a risky business, but it isn’t if you are sensible.
- Set a savings goal. Saving for a deposit is one of the biggest hurdles for first time buyers, so start saving early and wisely.
- Don’t underestimate the cost of moving. You’ve found the house, don’t let it slip away from you now. Remember the added extras like removal firms, estate agent fees and surveyors.
- Know how much you can afford. Don’t overstretch yourself unnecessarily, interest rates can go up and the last thing you want is to not be able to meet mortgage repayments.