Guest Editor: How to be a successful First Time Buyer in 2021

This month’s guest blog post comes from Howard Reuben, principal and founder of HD Consultants.

While the content for first time Buyers might not be relevant to the majority of clients it may well be for children and grandchildren.

In an ideal world, you could buy a property for cash, with no restrictions on purchase price, location or credit issues.

However, in the real world, for most people, the type of property, its location and the value, is determined by how much can be borrowed, the upfront costs and ongoing affordability required in order to pay the monthly mortgage, mortgage cover, property insurance and premiums too. Buying a house for the first time is anything but simple.

And let’s add to these costs, the amount to be saved for a deposit, and the Stamp Duty cost on top of the purchase price as well.

So, how can you plan to be a successful First Time Buyer?

The number one action to be carried out is to check