From Mortgage Newbie to Mortgage Know-All in 10 Steps
Step 1: How Much Can I Borrow?
Step 2: Additional Costs
Step 3: Types of Mortgage
Step 4: Mortgage Rate Options
Step 5: First-Time Buyer Incentives
Step 6: Find a Home
Step 7: Make an Offer They Can’t Refuse
Step 8: Choose a Solicitor/Conveyancer
Step 9: Arrange Mortgage
Step 10: Exchange & Completion
Sooner or later the time will arrive for you to wave goodbye to your parents, flatmates, housemates, cellmates (hey, why not?), landlords etc. and venture forth into the responsible world of mortgages and home ownership.
If you’ve made the decision to buy your first home, it’s a good bet that you’re more than a little confused and daunted by the whole process. After all, you may never have dealt with a solicitor before, and it’s unlikely you’ve ever sauntered into your local bank and asked to borrow a six-figure sum.
So to help clear things up, Confused.com has put together this simple, step-by-step guide through the entire home-buying process.
After taking a look, you should be confident enough to take the long and winding, but well worth it, path to the doorway of your first home.
And remember, don’t worry – getting on the property ladder is only the biggest purchase of your life!
So, ready to be transformed from a mortgage newbie into a mortgage know-all?
Then your first step is ask, ‘How Much Can I Borrow?
Next – Step 1: How Much Can I Borrow?
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