Avoid These Common Mistakes When Buying Your First Home

In this video, we're addressing common mistakes that we frequently encounter as mortgage advisers, mistakes that individuals often make or are on the verge of making before seeking advice from us. Our goal is to equip you with the knowledge to steer clear of these potentially costly errors, ensuring a smoother journey through your first house purchase.

Not quite ready? Have some questions? That’s ok; we know it’s not every day that you get a mortgage or review an existing one. Get in Touch;

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Start your first property purchase, remortgage or home moving journey today. Get in touch with us now to find out how we can make moving home a breeze.

We have access to over 90 banks, building societies and specialists lenders and thousands of products to help you get the best deal. Once our expert has matched you to your mortgage, they will stay by your side the whole way, keeping you in the loop. It is only when you have found a property and are ready to apply for a mortgage that we charge a fee. Our typical administration fee is £495 (We charge between £0-£245 for a remortgage). This covers the time involved in dealing with your mortgage application and supporting you through the home buying process from start to finish. This also includes complimentary homebuyers protection insurance, organising any insurances, organising your Will and recommending any professional services such as surveyors, solicitors and conveyancers.

For Will Writing & Trust advice, head to;

Wills & Estate planning are referred to a third party. Neither Dunham McCarthy Financial Services Ltd or PRIMIS are responsible for the service received. These services are not regulated by the Financial Conduct Authority and may have limited consumer protection.

***Your home may be repossessed if you do not keep up repayments on your mortgage***

Dunham McCarthy Financial Services Ltd is an appointed representative of Primis Mortgage Network, a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority.

#firsttimebuyer #mortgageadvice #dmmortgage

Chapters;

0:00 Introduction
1:21 Making incorrect assumptions
2:46 Viewing before checking affordability
5:00 Failing to get an agreement in principal
8:13 Failure to check your credit report
10:22 Going direct to your bank
14:04 ( ) Underestimating costs
15:27 Arranging things in the wrong order
17:12 Underestimating how much banks differ

[cm-tooi]

This lady should be charging tonnes of money for giving this kind of valuable information. Wish I had seen this kind of video 10 years ago. I would have my own house now..

[adenikeoke]

Honestly this is the best advice. I am currently working with DM at the moment, they have helped me with every mistake Nicola mentioned avoided. I am better placed now with my purchase and hoping all goes well. Thanks Nicola 😊

[Bladebreakr]

Hi Nicola, why does no one ever mention that you need to check that your solicitor is on the lender's panel before instructing? Everywhere says - as soon as offer accepted, instruct a solicitor by reading reviews/getting quotes/recommendations from friends/family...no one mentioned this to me and now I'm in a position where my chosen lender may not have my chosen solicitor on their panel.

[fredswartley]

Excellent video! Your presentation is very clear and concise, unlike most other people on YouTube who give advice about buying a house.

[myamazinglife]

Excellent advice, delivered in a professional and friendly succinct and eloquent manner, and your energy and bedside manner is very assuring comforting and personable. I`m not yet ready to start my property journey, but when I am I will look you up, thank you and God Bless :)

[Jjr]

Incredibly informative as usual. Thank you Nicola.

[XHABX]

Great advice - a lot of information in this video that I’ve not heard others talk about before and I watch a lot of these types of videos 😊👍🏽

[parkerja]

Hi Nicola, watched a few of your videos and find them very clear and informative. I am currently looking to buy my first home but don’t know where to start there’s so much crap online that it’s a bit overwhelming.

[efreamhaile]

Very informative!! Thank you!
I am learning a lot from this channel!

[hamidohimo]

You are amazing, I like your thorough and clear way of explaining things

[olorin]

great video! I would love to hear more about doing the right steps in correct order. You've spoke little bit to it, but perhaps a video dedicated to it ? (if not already in your lbrary?)

[Ben.Rasaili]

Always very informative thank you so much Nicola 🙏🏼

[itamarpeixoto]

Thank you so much for doing this . I’m checking and is being very helpful.

[bozanasormaz]

God bless you Nicola 🙏🏽...wonderful informations...I won't think of going to buy something without contacting your office 😀 🙏🏽

[llongllevel]

This video deserves 0 dislike. Thank you, very informative.

[finenebula]

I have watched a few of your videos now. I would seek you out the next time we go to fix a new deal. I know there are others without a fee to the client, but it looks to be minimal. And I like your approach and advice here. Thanks.

[ntombizodwamoyo]

Hi Nicole
Good to hear all such information. I need to book an appointment for sure. Wish you can guide me through ...

[aloemckenzie]

Great video! Thank you. You mentioned the benefits of the order you need pay for things in the process, but didn't actually say what the correct order is, please can you share more?

[scee]

Great video Nicola! First time buyer here, lets say you get an AIP approved for £325k, and the house is worth £350k, but you want to offer less than its valuation. Should you still show the seller/estate agent your AIP for a higher mortgage amount? Or is there risk the seller will see this as an opportunity to increase the price? Hope this makes sense, Thanks in advance!

[kingares]

After watching this I will go ahead and contact your company to book my appointment 👊🏾👊🏾