Compare solicitors fees for first time buyers in order to ensure you are getting the best deal possible when it comes to your house purchase. Buying a house for the first time is a dream for many, but it can be a complicated process. Thankfully, there are schemes in place to help, including help-to-buy.
For many first-time buyers, it isn’t the mortgage itself that is a barrier to buying a home; it is the deposit. In the past, banks offered mortgages at 100%, which meant that no deposit was required. Now, however, after the recent economic problems and people borrowing more than they could afford, these are extremely rare. If first-time buyers cannot save a sufficient amount for a deposit, they will be unable to buy. This is why the government has introduced the help-to-buy scheme. First-time buyers who qualify will only have to pay a 5% deposit, rather than the standard 10% usually required. This means that they won’t have to save quite so much, and can get on the housing ladder much more quickly. The difference is huge – for example, on a £200,000 house, the usual deposit would be around £20,000. With help-to-buy, that is reduced to £10,000 which is much more manageable. First-time buyers still need to shop around to get the best deals on all the other expenses related to purchase of property. That’s why it’s important to carry out conveyancing compare research. If you compare conveyancing costs, you’ll find that time and money can be saved, plus you’ll get the expertise you need to help you as you buy your first property.
To help any first time buyer though the journey of buying their first home, we have setup a website dedicated to first time buyer advice, tips, hints and useful tools. The First Time Buyer website has a host of knowledge and advice to help explain the purchase process, but also help to understand the steps involved in the first time buyer journey.
The best place to go to compare solicitors fees for first time buyers and those who have bought and sold properties before is The Conveyancing Network. Our network of qualified, professional conveyancing solicitors is UK wide. See more at https://www.theconveyancingnetwork.com/ and compare prices. Call us on 0203 637 2219 or email [email protected] for more information.