The second episode of our OnTheMove podcast dives into the detail of all the key things first time buyers should consider before moving.
You can download the full episode here or stream directly below:
In the first episode of the series, we outlined the moving process from start to finish to help you get familiar with what to expect, but if you’re a first time buyer, it’s common to feel overwhelmed with the prospect of moving and not know where to start when navigating the purchase of your first property.
Before you even embark on the journey, it’s important to have an idea of what you need to think about and understand the wider economic factors that play a part in the property industry and can impact your move.
With the help of our guest experts, Alex Isidro, Head of New Homes & Investments at Foxtons, and Kia Commodore, renowned public speaker and founder of the Pennies to Pounds personal finance podcast, we’ve got you covered with the essentials you need to know to make sure you’re comfortable with the market you’re about to enter.
From the importance of budgeting for all the costs associated with moving, to being flexible with your property search, Alex details his essential tips which are important to keep in mind as a first time buyer.
Drawing on her expertise, Kia outlines the financial factors that shouldn’t be overlooked when thinking about buying a home and explains how interest rate and inflation can impact your ability to move. She also breaks down tricky financial terms such as APR and highlights the importance of your credit score and how to build one.
To round off the discussion, we also look at some of our OnTheMarket insights which may be useful for first time movers, including the areas where you could get the most for your money in terms of number of bedrooms that might be suitable for first time buyers looking for properties for less than £500,000 across the UK and London boroughs.
The full transcript of the episode is also available to read here.
Content provided by OnTheMarket.com is for information purposes only. Independent and professional advice should be taken before buying, selling, letting or renting property, or buying financial products.
