Before you start looking

Before you start your property search, you need to decide your budget. You will need to know how much you can afford to use as a deposit and how much you can afford to pay each month. It is nice to get your mortgage paid off quickly, but you need to remember you will need money to live and enjoy your house.

If you’re interested in purchasing a Beal Home, we can put you in contact with an independent mortgage advisor to help you with this process.

What support is out there?

There are lots of options for first time buyers to gain access to support and help. For example, the Help to Buy scheme gives you the opportunity to purchase a home with a smaller deposit of 5%, and a government-backed equity loan of up to 20% of the property value.

We also have a range of “First Step” properties that are tailored specifically to first time buyers and offer special discounts to those purchasing their first home. We can also help you to save for your deposit – find out more here.

You’ve found your dream home …

After what feels like endless nights spent trawling property websites and days spent visiting different show homes, you’ve finally found your dream home – congratulations! Your offer has been accepted and you now need to go ahead with your mortgage application. This is when you need to be at your most organised and prepared with the right documents in place.

Make sure you have the following to hand:

• ID for each person applying
• Proof of current address
• Proof of income earnings for each applicant, such as payslips
• Latest bank statements, normally the previous three months
• Details of the property you are buying
• Estate agent’s and solicitor’s details

Be patient

This is the tough one! Once you’ve done your bit, you now need to let the mortgage advisors, lenders and solicitors do their bit. The typical time frame from an offer being accepted to receiving the keys is 6-8 weeks, however this can vary due to individual circumstances. Also, if you’ve purchased a new home, you may have to wait until it is built / finished off (especially if you purchase off-plan).

Personalise your home

When purchasing a second hand home, you have to wait until you have the keys before you can put your individual stamp on the interior. However, with a new build Beal Home, you can start this process before you move in! You can move interior walls, choose your brand new kitchen, pick out floor coverings and state-of-the-art technology upgrades at our customer selection lounge. We handle everything so you can move in hassle-free … all you have to do is unpack!

There are many different options out there to help you get on the property ladder, you can read about them on our website here or give us a call on 0800 612 1216 and we will talk it through with you.