Buying a new home can be one of the most stressful experiences of your life, especially if you are also selling your existing home. You will have to rely on others for a problem free house purchase, which may include the estate agent, the lender and the sellers.
The lender is one of the main factors when you are buying a house. You may be dealing with that lender for the next 25 years, and in some cases, the next 30 years. Consider the reliability of your lender, the range of products it offers and the overall cost of products, rather than just the interest rates.
You may want to consider approaching a mortgage adviser to help you make some of these decisions. A mortgage adviser undertakes CeMAP training so that they can offer help and support at this stressful time in your life.
Make sure you pay for a reputable company to deal with the property survey so that you can be sure that any potentially expensive problems are discovered before you sign on the dotted line. Although cheap surveys are available, they will often miss any potential damage to the property, which could be expensive in the future. Check that the estate agent is also reliable, as they can remove much of the stress from the house buying process.
Be honest with yourself from the beginning, taking a realistic view on what you can reasonably afford to borrow. Seek professional advice and make sure you’re informed every step of the way, so you reduce your stress levels.
