How local agents can help first-time buyers with the house buying process
- 5th June 2018
- Buying Property News
Now is the time to make the most of the mortgage opportunities available during peak buying season
Buying your first property is an exciting time – but for some first-time buyers, house buying can be perceived as a bit of a minefield. Indeed, it can be easy for first-time buyers to become muddled when they are in the complex process of buying a property.
A recent survey of people looking to buy their first home in the next three years found that:
- Only 33% correctly identified the conveyancer as responsible for carrying out searches such as environment, water/drainage, and chancel repair liability
- 36% did not realise they had to pay for such a survey
- 24% incorrectly thought stamp duty is paid by the seller
- And many significantly over-estimate how much solicitors fees are – with 69% guessing £1,500 for a £250,000 property when the average is £550
However, first-time buyers don’t need to be daunted. With local agents such as ludlowthompson to help explain jargon and make sure they do not miss anything in the ‘small print’, first time buyers have the support they need.
Here at ludlowthompson, we ensure that all first-time buyers are properly prepared for the buying process. ludlowthompson offers a ‘clicks and bricks’ package combining the best of both worlds - the benefits of local branches with knowledgeable staff, with industry-leading online services marketing platforms and communication systems to help you find your perfect home.
Now especially is the time to buy great-value property in London,* cashback incentives are increasing – helping to open up more opportunities for first-time buyers. Indeed, a fixed rate or capped variable rate mortgage may be the best option for first-time buyers looking to get on the housing ladder, especially if you have saved a deposit or are able to use the “Bank of Mum and Dad” to assist with the purchase.
Stephen Ludlow, Chairman at ludlowthompson, says: “Trusted local agents such as ludlowthompson with Propertymark membership – the “go-to organisation for any questions relating to property” – and their roots firmly embedded in the market can make the exciting process of buying a house much simpler than an on-line alternative, especially if it is your first time.”
“Developing relationships with experienced local agents who know their market inside out and who are committed to establishing and maintaining good communications channels with prospective buyers is key.”
If you are a considering buying a property, please contact Chris Lockley at Jigsaw Mortgages here.
* The latest ludlowthompson data shows the number of first-time buyers rose 31% across the capital in April 2018 (latest month for which is available)
Here is a selection of recent reviews of happy customers of ludlowthompson via Google Reviews:
"Having had a lot of experience with other agents over the last couple of years, the team at Ludlow Thompson Dulwich have stood out for their excellent service. Our agent Michael went beyond the call of duty to reassure us during the buying process, and we found our dream home through him. We also had a lot of help from Georgina, and as this was our first purchase we really appreciated all the advice. Couldn't be happier with the service, and will definitely seek their advice in the future if we decide to sell."
- Natalie Suthons on Google
"We've been working with Michael Smith on the first stages of purchasing our property in Peckham Rye and he has been terrific. Always makes sure that our questions are answered and is always quick to reply to our queries. We're looking forward to working with him through to our completion."
- Luke Warner on Google
"I purchased my flat through Ludlow Thompson 5 years ago and had to arrange a renovation and let it at extremely short notice in December 2017...from the USA. Daniela Gomes was absolutely amazing; she went well beyond excellent service; even arranging the delivery of my fridge. If you need to let your flat ask for Daniela!"
- Arthur Gorton on Google
Developing relationships with experienced local agents who know their market inside out and who are committed to establishing and maintaining good communications channels with prospective buyers is key
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