New mortgage hunter

gary83

Hello,

New to posting after reading for many years, I'm looking at buying my first home, I'm 30 years old earning, before allowances and extras 32 grand a year take home, I have never been overdraw, had a loan or missed any payments, but have built my credit rating using internet and phone contracts paid monthly, as well as a credit card that gets paid, in full every month.

Due to living in cheap work provided accomadation and being fairly organised and determined I have fairly substantial savings and could currently place around £75,000 down as a deposit, with a further £6000 held in reserve for expenses and stamp duty, £10,000 to furnish the house ( will need everything) and ten grand held in reserve for contingencies. I've been looking at homes, generally in the starter bracket with 2/3 beds upto around £180,000 as I didn't want to over stretch myself, and wanted to be able to meet all future bills comfortably without worrying too much about this, or interest rate rises

I've been viewing rightmove to get an idea of the local market and have viewed a few properties again to get an idea, but obviously I'm aware the winters closing in and Christmas is coming up - so I expect people to take properties off the market and obviously estate agents, solicitors etc. to close for a week or two and everything to grind to a halt.

Would it be worth me seeing a whole of Market broker now? Or would I be effectively wasting both our time & getting the credit searches on my file unnecessarily? With an aip being expected to last for 3 or 6 months? Is there anything else I should be doing?

Thrugelmir

I would suggest spend your time looking at property, getting to know areas where you might wish to live. So that you when a property comes on the market you are first in to view. Market will slow down. Though there's always people who need to sell.