OnTheMove: Necessities for first time movers

The second episode of our OnTheMove podcast dives into the element of all the important thing issues first time consumers ought to contemplate earlier than transferring.

You may obtain the complete episode here or stream straight beneath:

Within the first episode of the sequence, we outlined the transferring course of from begin to end that will help you get conversant in what to anticipate, however should you’re a primary time purchaser, it’s frequent to really feel overwhelmed with the prospect of transferring and never know the place to begin when navigating the acquisition of your first property.

Earlier than you even embark on the journey, it’s vital to have an thought of what it’s essential take into consideration and perceive the broader financial elements that play a component within the property trade and might influence your transfer.

With the assistance of our visitor specialists, Alex Isidro, Head of New Houses & Investments at Foxtons, and Kia Commodore, famend public speaker and founding father of the Pennies to Kilos private finance podcast, we’ve bought you lined with the necessities it’s essential know to be sure to’re snug with the market you’re about to enter.

From the significance of budgeting for all the prices related to transferring, to being versatile along with your property search, Alex particulars his important ideas that are vital to bear in mind as a primary time purchaser.

Drawing on her experience, Kia outlines the monetary elements that shouldn’t be missed when fascinated by shopping for a house and explains how rate of interest and inflation can influence your means to maneuver. She additionally breaks down tough monetary phrases resembling APR and highlights the significance of your credit score rating and learn how to construct one.

To spherical off the dialogue, we additionally take a look at a few of our OnTheMarket insights which can be helpful for first time movers, together with the areas the place you may get probably the most in your cash when it comes to variety of bedrooms that is perhaps appropriate for first time consumers on the lookout for properties for lower than £500,000 throughout the UK and London boroughs.

The total transcript of the episode can also be obtainable to learn right here.

Content material offered by OnTheMarket.com is for info functions solely. Unbiased {and professional} recommendation must be taken earlier than shopping for, promoting, letting or renting property, or shopping for monetary merchandise.