Along with financial woes, the loss of a loved one and starting a new job – moving home is said to be one of life’s most stressful events.
And we can understand why. There’s a lot of hurdles to jump. First there’s the affordability check, then there’s the mortgage application – all before you’ve even stepped foot in your dream home.
Over the past year, stress levels have soared. According to the Mental Health Foundation, 74% of people have felt so stressed they have been overwhelmed or unable to cope. The same research said 32% of 18-24-year-olds cited ‘housing worries’ as the cause of stress. With 22% of older people (45-54-yea-olds) saying the same.
Jo Jingree, Mortgage Adviser and Managing Director of Mortgage Confidence said: “With April marking Stress Awareness Month, we wanted to impart some wisdom on how to take a stress-free approach to buying a property.”
Call in the professionals
You’d go to the hairdressers for a haircut (lockdowns excepted!) and ask an accountant to do your taxes. So, it makes sense to find a mortgage advisor who can make your property buying process a whole load easier.
Jo said: “To put it simply, mortgage advisers take the stress out of moving home. We pride ourselves on finding lenders who meet all your needs and more to find the best mortgage for you. It’s a highly personalised service that gives those trying to buy the confidence to do so. Not only do we have insider knowledge about the lending market and can help you get all your documents in order, we’re also on hand to provide support from start to finish.”
Understand the process
Know what you are getting into before you start your buying journey. Here at Mortgage Confidence, we offer a 30-minute free, no-obligation informal phone call, so you can ask questions and raise any queries you have – whether you are thinking of buying a property this year or next.
“I’d say speaking to a mortgage adviser is the first step when it comes to buying a property,” Jo says. “We can discuss your plans and basic details about your financial position. We’ll also be able to give you a top-line indication of how much you might be able to borrow, share what mortgage deals are currently available, and talk about the costs involved. Once you know the process, you can plan and prepare for this exciting next step!”
Do things in a methodical way
We believe there is a ‘best practice’ process when it comes to buying a property. After speaking to a mortgage adviser at Mortgage Confidence, the next step is to complete a Fact Find Questionnaire. This provides us with detailed information about you and allows us to give you the best advice on how to proceed.
“Buying a home is a big deal,” Jo says. “And I know it’s hard not to go full steam ahead – but doing things in an orderly manner has the best outcomes. I always tell my clients to know how much you can afford before you make an offer. I also usually advise on getting a mortgage in principal before starting your buying journey – that way, it puts you one step ahead and gets the ball well and truly rolling on the mortgage process.”
Let us take the stress out of buying a home. If you’re thinking about purchasing your first home, or looking to invest in your second get in touch to find out how we can help.