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6 Mistakes to Avoid When You’re Buying a Home

mistakes to avoid when you're buying a home

There's a saying that buying a home is one of the most stressful things you can do. While that can be the case, it doesn't need to be if you avoid these common home buyer mistakes...

1) Not Researching the Neighbourhood

If you're moving to a new area, make sure you do your homework! Work out what your priorities are and then find out what your chosen location has to offer in terms of public transport, schools, green spaces and other amenities such as shops, gyms and restaurants.

It's also helpful to look at statistics such as crime rate.

2) Not Asking the Right Questions

When you're looking at houses there's a lot to be said for that 'gut feeling' that tells you when you've found the right one. But that isn't enough! You need to make sure that the things you can't see are right for you too.

Here's a handy checklist to give you some inspiration:

10 Questions for Home Buyers to Ask Before Making an Offer


3) Not Getting a Professional Survey

Your mortgage provider will arrange for a valuation survey of the property you intend to buy, but it's a great idea to pay for a professional survey on top of this. This will provide you with an unbiased and comprehensive report on the structural condition of the house - and may impact your decision on whether to buy.

4) Not Sticking to Your Budget

If you've fallen in love with a particular property that's above your budget, it can be easy to persuade yourself that 'you'll manage'.  When it comes to making decisions about buying a home, make sure it's your head doing the talking and not your heart.

It's also worth listing out all the additional costs involved with buying a house to make sure that your budget can accommodate it all.

5) Not Checking Your Credit Score

You can't get a mortgage without a credit check so it makes sense to look at your credit history before applying in order to avoid any nasty surprises such as forgotten debts or even errors which need to be corrected.

Need help with your credit score?

Check out our blog post on 5 Secrets to Improve Your Credit Score...

6) Choosing the Wrong Mortgage

There is so much choice out there that getting a mortgage can often feel confusing. However, this is probably the biggest financial commitment you'll ever make so it's important to make the right one.

By speaking with a Mortgage Broker you can discuss your personal circumstances and they can help you to find a mortgage that best suits your needs - and your budget. They'll also have access to deals that you just can't get on the high street.

Book your free consultation!

We'd love to help you to find the best deal for your mortgage - you can book a free call with one of our friendly advisers so that we can chat to you about your specific circumstances and give you the best advice based on our years of experience.

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Ellen King

Absolutely delighted with the service we received from Dean. The advice we received was timely and thorough; the service provided went above and beyond our expectations compared to other mortgage advisors we have used in the past and the whole application process was made straightforward and stress free. Overall, an excellent value for money service that I would highly recommend.


Ellen King

2019-09-04T15:53:10+00:00

Ellen King

Absolutely delighted with the service we received from Dean. The advice we received was timely and thorough; the service provided went above and beyond our expectations compared to other mortgage advisors we have used in the past and the whole application process was made straightforward and stress free. Overall, an excellent value for money service that I would highly recommend.

Miss Knight

We would like to take this opportunity to thank you for your efforts in making it possible for us to purchase our first property.  You have been brilliant and your services have been friendly, helpful, swift and professional.  We cannot thank you enough and it has been an absolute pleasure working with you.  What is known to be a stressful time has been very smooth and I have yourselves to thank for this.


Miss Knight

2016-03-22T17:24:36+00:00

Miss Knight

We would like to take this opportunity to thank you for your efforts in making it possible for us to purchase our first property.  You have been brilliant and your services have been friendly, helpful, swift and professional.  We cannot thank you enough and it has been an absolute pleasure working with you.  What is known to be a stressful time has been very smooth and I have yourselves to thank for this.

Mr L

Mr L hadn’t sold his house but had found the house of his dreams, we arranged a mortgage that allowed him to buy his new house without selling and a mortgage that was flexible enough for him to pay a large amount off when he sells his house.

2016-09-13T12:38:09+00:00
Mr L hadn’t sold his house but had found the house of his dreams, we arranged a mortgage that allowed him to buy his new house without selling and a mortgage that was flexible enough for him to pay a large amount off when he sells his house.

Miss G

Miss G sold her house and had found a new house, it all looked straight forward but she had a historical bankruptcy which meant lots of lenders were declining her. We found her a mainstream high street lender that would offer a mortgage even with her previous bankruptcy.

2016-09-13T12:43:22+00:00
Miss G sold her house and had found a new house, it all looked straight forward but she had a historical bankruptcy which meant lots of lenders were declining her. We found her a mainstream high street lender that would offer a mortgage even with her previous bankruptcy.

Mr W

Mr W works abroad but wanted to buy a buy to let property, most lenders will require him to own and live in in a mortgaged property in the UK, however we found a lender that would lend at sensible interest rates for a new buy to let purchase.

2016-09-13T12:48:10+00:00
Mr W works abroad but wanted to buy a buy to let property, most lenders will require him to own and live in in a mortgaged property in the UK, however we found a lender that would lend at sensible interest rates for a new buy to let purchase.

Mr C

Mr C wanted to buy a student house in Lincoln via a limited company to take advantage of the income tax benefits of this. He spoke with other brokers and high street lenders all of which said it wasn’t possible. We found a building society who specialise in this with sensible fees and interest rates.

2016-09-13T12:49:06+00:00
Mr C wanted to buy a student house in Lincoln via a limited company to take advantage of the income tax benefits of this. He spoke with other brokers and high street lenders all of which said it wasn’t possible. We found a building society who specialise in this with sensible fees and interest rates.

16 hours ago

BB Mortgages, Newark

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