First time buyers

If buying a house is one of the most important purchases you will make, buying your first home can feel an even bigger responsibility.

Getting your foot on the property ladder isn’t easy, but at Watson & Co we like to think we make the process that bit easier. We are here to support you through this exciting, but daunting time, providing you with the financial security and backing you need to take the next step.*


Watson & Co’s top ten tips for first time buyers:

Keep your budget realistic – make sure the intended mortgage payments are affordable

Get a Decision in Principle certificate so you know how much you can offer once you find a suitable property

Factor in all expenses – even a new-build will require furnishing
and there are additional fees like conveyancing and stamp duty to consider

Visit homes with an experienced property buyer as you might not pick up on some details yourself

Running costs like gas and electricity bills and home repairs need to be considered

Find out how much the council tax will be – the agent should be able to
tell you what tax band the property is in and the relevant local authority

Even if you don’t have children, remember property in the catchment area
of good schools will always be a better investment

Consider how your transport arrangements will change in your new house – your car
insurance might rise if you don’t have a garage

Consider what public transport is on offer and what your commute will be like

Write down a list of local amenities which are important to you – from parks
to shops, restaurants or sports facilities – and then find out how close they are to your prospective house


*A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. 
A fee of £495 is payable on application. We will also be paid commission from the lender

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