Buying your first home is an exciting milestone, but it can also feel overwhelming. We understand the unique challenges first-time buyers face, so to help you get started, here are five tips.
- Get your finances in order early
Before you start browsing properties, it’s pretty essential to understand your budget.
- Save for a deposit
- Check your credit score – a strong credit score increases your chances of securing a good mortgage deal.
- Factor in additional costs – include solicitor fees, survey costs, and land transaction tax/stamp duty (if applicable).
- Research the market
Compare areas – look at factors like transport links, local schools, and amenities. Consider long-term value – think about how your chosen area might develop over time.
- Understand the conveyancing process
Conveyancing involves the legal transfer of property ownership. As first-time buyers, you can work with us to handle contracts, conduct searches, and liaise with your mortgage lender.
- Start early – choose a solicitor as soon as your offer is accepted to avoid delays.
- Ask lots of questions – don’t hesitate to clarify the steps involved.
- Get a comprehensive survey
A property might look perfect, but hidden issues can cost you in the long run.
- Choose the right survey – options range from basic condition reports to full structural surveys.
- Don’t skip this step – it’s better to uncover potential problems before you commit.
- Be prepared
Buying a home can sometimes take longer than expected. There may also be costs you hadn’t anticipated, like additional searches or repairs.
- Stay flexible – keep some extra funds for unforeseen expenses.
- Communication – we will regularly check in with you to keep you updated.
Why choose us?
As a trusted name in Swansea and beyond, we’ve helped countless first-time buyers navigate the property ladder with confidence! Our friendly team offers personalised support, clear communication, and a wealth of local knowledge.
If you’re ready to take the next step toward your first home, contact us on 01792 468684 or email enquiries@pgmsolicitors.co.uk.
Visit our Conveyancing Q&A here: pgmsolicitors.co.uk/conveyancing-qa-10-most-common-questions
