Are you looking to purchase a property this year?
Whether you’re considering settling down or already have your sights set on the property of your dreams, yet unsure if buying a property is right for you, then you’ll feel rest assured to know that there’s so much advice out there to help make your decision a little bit easier.
We’ve started by putting together some of the biggest benefits of buying your own place in 2013.
The benefits of buying your own place
Deciding to buy a home is one of the biggest decisions you can make in your life, so it’s extremely important to ensure you fully understand everything that’s involved before you make this huge step! Mosaic Mortgages takes a look at the pros for choosing to buy…
When buying your own place, there’s often a real sense of pride and independence as a result of actually being a homeowner. There’s also a sense of freedom; you can decorate or amend it as you see fit and you’ll no longer have to live by the rules of the landlord.
You may also feel secure and at ease when buying a home, as owning your own home means you aren’t relying on a landlord who may potentially increase the rent of the property at any time or ask you to leave short notice.
An added benefit to being a homeowner is that by making regular payments to your mortgage lender and seeing the equity in your property increase, your credit rating for other facilities (such as a loan for a car) is improved.
Unlike renting a property, you’ll feel assured to know that all of the payments you are making are going towards actually owning a property.
Where to start?
Once you’re certain you would like to buy (and understand the process and what’s involved), consider what ownership options are available to you. Are there any low cost options you could take advantage of?
The next stage is to decide how you want to pay for your new investment and determine whether you need a mortgage and what type of mortgage.
First-time buyer mortgages and more
If you’re a first-time buyer then you may feel that the thought of buying a home for the first time seems a little daunting, however, Mosaic Mortgages, an independent mortgage broker, can ensure that everything runs as smoothly as possible for you.
In addition to first-time buyer mortgages, we offer bad credit mortgages, buy to let mortgages and more. Simply browse our website or contact us for more information.