This is a collaborative post
Gareth and I first moved to Leeds around 6 years ago and we have loved every minute of it. We decided to rent an apartment in the city centre because quite simply we didn’t have enough of a deposit to buy a property and it’s not something that we have ever really thought about doing, until now! You could say that renting over the last 6 years has been a waste of money but I disagree, you have to do what works for you. First of all, we had no idea where we wanted to buy and we weren’t sure on what type of property we would like.
If I am being 100% honest, I had no idea where to even look in terms of buying. Gareth and I are first time buyers so this is a new experience for us. It actually feels daunting but in actual fact there are plenty of resources out there that can really help you on your journey of becoming a first time buyer. I thought I would share with you a few things that I have learned over this year in hopes that it could also benefit you.
The first thing that Gareth and I thought of is what can we afford? We had no idea on the deposit and monthly repayments until I came across the Mortgage Calculator which really does remove all the guess work. After searching endlessly on Rightmove, we now know exactly what is within our budget and how much we can afford per month.
We have also been looking on the Government website to see if they have anything available for first time house buyers, such as the mortgage guarantee scheme, help to buy, equity loan & shared ownership. These schemes all sound great and something that we will be looking into further.
If you are a first time buyer like us, it is definitely a good idea to head on over to the mortgage calculator to see what kind of price range you can afford and then head on over to a property site like Right Move to see how much properties are within your chosen area. We have been looking at all sorts of locations around Yorkshire at the moment and so far, I have really enjoyed the experience. I know house hunting can be a little daunting but with these little steps, it really does take the stress element away a little and replaces it with excitement!
Are you a homeowner? If so, please let me know about your experiences as I would love to hear about them.