Enzo Mora CEO and founder of The Mortgage Brain on how to be in pole position when buying a home.
The house-buying statistics are out! March is the month when we spring into action and start buying and selling our homes as we think about making the most of outdoor space, according to Rightmove. And there are signs that the fear of missing out on your dream home and a shortage of stock is pushing up house prices, now 2.3% higher in February compared to January. Not even the stormy weather has put people off and the lifting of further Covid restrictions is only set to further increase demand.
So at The Mortgage Brain we’re encouraging home-movers to become “power buyers”, wherever you are on the ladder, that way you will be at the front of the queue when it comes to making an offer on a property. Whether you already own a home or are taking the first tentative steps, finding out how much you can borrow is key to meeting your expectations and making sure your move is successful.
Advising Our Customers
We advise customers looking to move and re-mortgage to get their property valued, on the market, and preferably under offer, before beginning their property search so they have a good idea of their buying budget. Our expert advisers can access hundreds of exclusive deals so you may also find that you can borrow more at a lower rate, especially if you have equity in your home. Once you are under offer and know how much you can borrow you are in a very powerful position to sellers, and you may find you won’t be able to view any properties unless you ready to go in this way.
If you’re a first-time buyer, we know that the buying process can be daunting, so we assign you your own mortgage adviser to talk you through the borrowing process, the costs and the various schemes available to you. If you have a deposit of just 5% of the purchase price you can consider Help to Buy, if you’re buying a brand-new home, or the Mortgage Guarantee Scheme which also helps existing homeowners who have a smaller deposit.
Every month, we make sure hundreds of customers get their move underway and with our help you’ll be moved and settled in in time to enjoy the warmer months we are all looking forward to.
