How I Managed to Finally Get on the Property Ladder.

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After 6 six years of running this blog, I’d been thinking about getting on the property ladder for a long time, but I could never see how it was possible without winning the lottery. Property prices are so incredibly high these days that I thought the only way of buying my own would be to find a budget home and pool all my families money together. Obviously, that idea wasn’t ideal, as I’d not been saving for a long time, and so the removal of my financial cushion would be a little worrying. Luckily, after much research, I managed to get a mortgage and find the perfect apartment, which is precisely what I’m going to be discussing throughout this post today.

I imagine there will be a lot of people reading this who have found themselves in the same position. You don’t want to waste all your money on rental properties, but the monetary strain of purchasing one outright can seem unbearable. So, if you want to learn about the technique I used, and hopefully replicate my success, spend the next four or five minutes reading through all the information under this introduction, and I’m pretty confident your life will be made that little bit easier.

Selecting The Right Area

As all those teatime property television programs have been stressing for years, finding the ideal property is all about location. If you feel the homes you look at are always outside of your price range, it could bet that you’re simply not looking in the right place. Try viewing houses just outside your most preferable area to see whether they’re available for less cash. If they are, it’s certainly worth compromising by a few miles.

Finding The Right Estate Agency

I was pretty lucky when it came to finding the best estate agency in my area, as my brother actually works for Marks & Mann Estate agents. However, if you’re having trouble locating a suitable specialist from which to buy your first property, just spend some time online reading through customer/client reviews and testimonials. In most instances, this will give you a basic understanding of which have the best reputation for helping people in your situation.

Getting The Right Mortgage

Thankfully, there are lots and lots of price comparison websites online these days, and so finding a provider who’s willing to offer you the best mortgage shouldn’t be as difficult as it once was. There are, however, a number of different factors you should consider. Firstly, make sure you note the terms of any loan you agree to with regards to repayment time, and interest levels. Secondly, take some time to read through all the small print, and even have a qualified solicitor look over it if you’re unsure about anything.

Presuming you manage to follow these three steps, your chances of replicating my move onto the property ladder in 2014 will be greatly increased. At the end of the day, anyone purchasing a home will need to make certain sacrifices, but so long as you go about it the right way, food, clothing and warmth won’t be included in that statement.

Good luck guys!