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Think you need a huge deposit to buy your first home? Not necessarily. While the old “you need 10% down” rule still applies for most buyers, there are lenders out there offering 100% mortgages — meaning you could buy your first property without putting down a penny in savings.
Buying a home is one of life’s biggest decisions. Whether it’s your first purchase or your fifth, the process can feel daunting, with plenty of pitfalls to avoid. From mortgages and surveys to legal paperwork and negotiations, there’s a lot to take on board. By arming yourself with the right information and working with a knowledgeable local estate agent, you’ll be better placed to make smart decisions and find the home that truly fits your needs.
So, you’ve saved your deposit, found your dream home, and budgeted for your mortgage repayments — but wait. There’s a handful of extra costs that can sneak up on you if you’re not prepared. Let’s make sure there are no surprises.
Letting a property comes with responsibilities, and rules are always evolving. Being aware of changes now can save you stress, fines, and disputes in the future.