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What kind of property would be a good buy for first time buyer with £40,000 deposit?

Asked on Mar 15 2010, General in Scarborough | Report content

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  • The first thing I would recommend is speaking with an independent financial advisor to establish what you can borrow and how much it is going to cost you. Once you have a budget then decide what you want, Freehold or Leasehold, modern or older, will you do work, garden, parking what is important for you. Do your homework on what is happening in the local market prices, what is selling and for how much. Have a good look around, get friendly with the estate agents, go in and see them regularly so they know you are a serious buyer and eager to proceed. Buy in an area you know. What will be the best buy for you is a home which you can afford and offers you personally what you are looking for, and one which you have not paid too much for, in a good area.

    Answered on Mar 15 2010, Report content

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