As a first time buyer we know the process can appear very daunting and difficult. Too many first time buyers jump in too quickly and find themselves getting overwhelmed and frustrated with no one to turn to for guidance or advice.
This is where using a Pangea Mortgage advisor can prove invaluable.
We will breakdown for first time buyers the step by step process to getting your dream home.
First – it’s all about preparation. The first item on your list should be to ensure your finances are in order and to get a professional to help you with this. Our mortgage advisors will do this with you. We will provide you with a list of documents that you need to submit.
Don’t worry it’s all digital, so you can upload the docs from wherever you are.
Our expert team will then provide you with a detailed overview of where you are, how much you can borrow and the max you can afford to offer for a property
Now that you have your finances sorted you need to begin the process of viewing properties. It’s important to be aware that the well spoken and friendly Estate agents do NOT act for you. Their job is to get the vendor the highest possible price.
So, sticking to the max budget your mortgage advisor will have given you is key
Once you have gone sale agreed your mortgage advisor will speak to the lender and get a full loan offer for you, this is sent to you and your nominated solicitor. Your solicitor will review the docs and get you to sign the key ones.
After they send these docs back to the Bank it should only be a week or so before you have the keys.
If you have any questions along the way, you can always to speak to your mortgage advisors as they are there to help you .