Tina Cranfield Financial Services
Mortgage Consultant
​07840 740047 / 01526 352076
mortgages@tinacranfield.co.uk

​First Time Buyers

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Looking for that first-time purchase? Getting on the property ladder doesn’t have to be an impossible dream.
Let Tina Cranfield Financial Services help you get the home you want at a price you can afford!

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First Time Buyer Mortgages

Let’s face it, the road to owning your first home is a bit scary.
That’s one reason why more first time buyers now trust Tina Cranfield Financial Solutions for impartial personal advice. Mortgage Consultants cut through the marketing  jargon, help work out what you really need, and then comb the market to reveal the very best deals available. I can explain how you could go about getting a first time buyer mortgage that is right for you.
With interest rates still attractively low, I can quickly seek out deals that are perfect for you – even if you have more specialist needs – while making sure you don’t rush into any costly mistakes. 
If you’d like to discuss the schemes open to first time buyers, call Tina Cranfield on 07840 740047  

To help you with making the right decision I have put together 10 top tips for you.

• Ensure that you are realistic when working out exactly how much you can afford to spend on your new house. We can help you with this. You should ensure the intended mortgage is affordable ( by doing a budget calculation ) and it is wise to seek a Decision in Principle certificate, so that you know how much you can offer once you have found a suitable property. Even a newly built house will require some sort of furnishings, whereas older properties may require extensive work, such as re-flooring, tiling or renewing the wiring. Make sure that you factor in all these likely expenses, in addition to the purchase price, and other fees such as conveyancing and stamp duty.
  
  
• When buying for the first time, there may be a number of details in the houses you are looking at, which you may not pick up. Always take an experienced home buyer, such as one of your parents, or a home-owning friend, when looking at property. If this is difficult to arrange, then make sure you at least get some assistance once you have selected a property you like and are arranging a second viewing.
  
  
• If you have been used to living at home with your parents, remember to budget for expenses such as council tax, gas and electricity bills, boiler servicing, and other home repairs.
  
  
• Make sure you know what the likely council tax charge will be in your new property. The selling agent should be able to tell you what tax band the house you are interested in buying is in, and how the charges are levied by your local authority.
  
  
• Even if you do not have children, remember that property in the catchment area of good local schools will always be much easier to sell on. However, this may also be reflected in a higher purchase price.
  
  
• Always consider how your transport arrangements will change in your new house. If you have a car, your insurance premium may increase dramatically if you move from a town with relatively low crime into a city centre with higher crime rates or if you move from your parents' house with a locked garage to a smaller terraced house with on-street parking.
  
  
• Consider the availability of public transport services, making sure you find out local bus routes, the frequency of train services from your nearest station, and, if you are moving a long distance, the range of flights available from your local airport. Even if you drive everywhere, this information will be useful for anyone coming to visit you who does not drive.
  
  
• Write down a list of local amenities which are important to you. This may include shops, restaurants, pubs, sports centres, parks, and cinemas. If you enjoy activities such as walking, or cycling, the neighbourhood you plan to move into may be very different to the one your parents are living in, and may not have the same access to parks and other recreational facilities. Before making any final decision about where to move to, take a stroll or bike ride around the local area, and note down where the key facilities are.
  
  
• If you are a heavy internet user, check to see that broadband or other high speed internet is available in the street you are moving into. The selling agent should be able to tell you this.
  
  
• Try, where possible, to find somewhere to live that is close to your main place of work. Commuting can be one of the biggest household expenses, and as you are likely to be spending much more time on domestic chores and/or DIY, living somewhere which minimises your commuting distance will be very important. If property is more expensive nearer to your place of work, make sure you weigh up this additional expense, when compared to the costs and time of commuting. You may wish to ask colleagues in your workplace to see if there are possibilities to lift share with anyone from the area.