Buying Your First Property
281 views · Published 23 April 2017 · 4:46 · Indexed 19 October 2026
Channel: Life The Basic Manual · 2017 · Education
Lawrence Copeland has helped thousands of clients buy their first property over the thirty eight years that he’s been in the business. His training as a chartered surveyor and his extensive experience as an estate agent have given him privileged insights into this sometimes fraught process. In this clip, he shares them with us. Buying your first property can seem like a daunting task, but Lawrence helps us to think about it in a series of logical steps. Firstly, what financial resources do you have? The amount you have to spend will be a critical determinant in what property you can expect to end up with. Lawrence suggests you inventory what you think you can afford, and then seek advice from an independent financial advisor. An independent financial advisor can offer impartial advice on what you are likely to get in terms of mortgage offers. They can also help you find out your credit rating and credit history. Another factor to consider is that you are likely to need a deposit of at least 10% of the asking price of whatever property you are making an offer on. Buyers often forget to factor in the legal costs, such as solicitors fees, when it comes to buying a property, but it's worth considering every relevant cost, such as surveyor’s fees, stamp duty, removals etc. A good and informed estate agent can help you find your way through this maze of choices and decisions, and Lawrence is a good example of an estate agent who will make time to talk you through some of your options.
