There is a lot being done for first time buyers, and that can only be a good thing! However, more and more millennials are deciding to try and buy their homes rather than rent. But a huge majority of twenty-somethings are finding that getting into the property ladder is harder than they expected. Here at Cardwells Estate Agents Bolton, we have been in the industry for over 35 years and we feel that within that time, we’ve seen the housing market grow for both the better and worse. And we’ve put together this post, in the hopes that it can help any new buyers out there!

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First things first, you need to be 100% sure that you are ready to buy a house. It’s said to be one of the biggest purchases of your life, and it’s not a decision that can be changed or reversed easily at all. But if you’re ready to commit to it, then go ahead!

You need to make sure you have got to grips with your finances. Your lender will want to know all of the ins and outs of your banking, they will want to know that they can safely lend you money and that you will be able to pay them back. It’s worth remembering that your mortgage payment isn’t your only home based outgoing every month. Things like insurance, council tax or unexpected home repairs will pop up and you will need to be able to cover the cost of them.

Talking about lenders, make sure you take the time to find the right one for you. Every lender is different, some will offer better rates for first time buyers, or some may be more flexible with credit scores. But it is definitely worth spending some extra time looking out for the best deal possible.

And finally, every estate agency is different so make sure you work with an estate agent that you trust. If you’re a twenty-something who’s decided that now is the right time for you to buy a home, let us help!  Why not get in contact with one of our trusted estate agents Bolton, who will be happy to help you through the entire home-buying process today!