First-Time Home Buyer Guide Using A Mortgage: Your Diminutive List Of Must-Dos

Finally, you are set to bid goodbye to life in rental apartments and the inconveniences of paying an arm and a leg in rent or lease payments every year. You must be feeling excited, perhaps on the moon and can't wait to stay in your own property. That is how it feels buying your home for the first time, and the feeling certainly befits the risk and the sacrifices you may have done. But what you probably aren't prepared for is the complex, daunting and energy-draining process involved in this first-time home buying process. Whether it is a flat or a big, luxury apartment, the whole experience is mostly the same. You will have to save an adequate deposit, trawl the web for juicy tantalising deals on houses for sale, find and apply for a mortgage, etc. Lucky for you, this first-time property buyer guide eases the whole process and helps you evade the loopholes and rigours involved. Take a look. In the UK, how much deposit do you need to buy a home? Assuming you must have saved for a deposit, the cost required here could be 5% to 20% of the value of your preferred property. That is to say, if the house costs,