Stewart Milne Homes

A guide to buying

Buying a new home can be exciting but there is so much to consider. We’re here to help make things as simple as possible, so you can look forward to moving in day.
 

Find a Mortgage

Preparing to get the best mortgage:

  • Whether you’re a first time buyer or have an existing mortgage, you’ll want to find a mortgage deal that gives you a competitive rate and agreeable terms. Lenders give their best deals to lower risk borrowers – following the tips below can help boost your chances of achieving the deal you want.
  • Ensure that all your utility bills including mobile phones are paid on time.Lenders will check your payment record and may take missed or late payments into account when assessing your application.
  • Save a deposit. You should aim to save at least 5% of the purchase price of the home. The more you can save, the better your options will be.
  • We recommend that you do not apply for any credit until your mortgage application has been completed and your mortgage offer has been confirmed to you in writing.
  • We strongly recommend that you pay all your credit commitments on time. Missing payments or being late will impact on your ability to get a mortgage.
  • There are many lenders available offering mortgages to suit a variety of circumstances. If you would like some independent advice on how to get the right mortgage for you, we suggest speaking to an independent mortgage or financial advisor.

 

Things to remember

Your action list:

  • Source a mortgage: talk to an independent mortgage or financial advisor about getting the right mortgage to suit your budgets and needs or talk to your existing lender.
  • Find a solicitor: you’ll need one to help with the paperwork and legal aspects.
  • Appoint a removals company: once you’ve agreed your move in date, arrange quotes.
  • Advise your utilities and other suppliers – gas, telephone, electric, council tax.
  • Let your cable or satellite provider know.
  • Contact other companies who provide you with services, such as: Credit cards, Store cards, Memberships, Local council, Car insurance, Home insurance, TV licence, DVLA for your drivers’ licence, Water provider, Your bank, Building societies and other savings providers, Health insurance provider, Mobile phone provider and Inland revenue.


    In your new home:

    • Take meter readings for your gas and electric utilities.
    • Contact your new utilities providers and give them your details so an account can be set up for you.