On this episode of the ReadytoBuy Podcast, we take you through your very first steps in beginning to buy your first home!

Time Stamps

PART ONE

00:00 – Introduction

01:38 – ‘Where Do You Start?’

01:45 – Opening Statements

04:28 – ‘Where Do You Start?’ Continued

05:02 – ‘Biggest Advice That I Can Give You’

05:15 – First Option for Getting a Mortgage

06:51 – Second Option for Getting a Mortgage

07:54 – Third Option for Getting a Mortgage

08:33 – Context for Expertise on Previous Options

09:40 – What a Mortgage Broker Does

INTERMISSION

11:04 – ‘Definitely Not A Silly Question’ Segment

11:34 – ‘Two different banks have offered me different mortgage amounts – why is this?’

11:42 – Answer 

12:32 – Contact Info for Questions

12:58 – Risk Warning

PART TWO

13:34 – Main Questions for Mortgage Plan

14:46 – First Question: How Much Will You Need?

• 14:46 – Deposits
• 16:15 – Buying Costs
• 16:28 – Stamp Duty
• 16:41 – Solicitor/Conveyancer
• 17:08 – Estate Agents
• 17:35 – Surveys
• 20:04 – Mortgage Arrangement Fees
• 20:51 – Mortgage Broker Fees

21:50 – Second Question: How Much Can You Borrow?

• 21:50 – Factors
• 23:11 – Monthly Budget

24:08 – Summary of Previous Things

24:37 – Third Question: What Can I Afford to Buy?

25:32 – Conclusion

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Notes

PART ONE

(00:00 – 01:37) Introduction

• Website: www.MHCMortgages.co.uk 

(01:38 – 05:14) ‘Where Do You Start?’

• There's lots of information that can complicate things.
• Don’t listen to unqualified 'advice'.
• Think about it like a car journey - break it down bit by bit and have a plan in place.
• Buying first home should be a positive experience.
• Biggest advice I can give is to understand all your options.

(05:15 – 09:39) Options

• First option (worst): Lots...