Buying your first home is a daunting experience and can be a confusing time for anyone. While it can be easy to relax once you’ve agreed on your first home, it’s important to continue asking some important questions to ensure everything runs smoothly.

It’s imperative that you work out how much you can borrow, as you are always susceptible to a change in circumstances that could lead to you struggling with your mortgage repayments. Having a buffer for extreme cases such as you losing your job means that you don’t have to panic if anything like that does happen, working out how much you will have to spend after all your bills are paid is another great start.

Another thing to consider is why the vendor is selling, is it because of the area, the neighbours or any other negative that you will have to suffer once you move in. Do your homework on the house and the area as the vendor is unlikely to tell the truth if this is the case.

Gauging the price of the property is another thing to consider against how long it’s been on the market. If it’s fresh on the market it may be best to submit a bid quickly in order to secure it. On the other hand, you may be in a position to negotiate the price down if the property has been on the market a while.

If you would like any advice on buying your first property then please feel free to call us on 0118 334 7410.