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first time house buyer help please

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hi everyone we are first time buyers and have had a mortgage and offer on a place accepted! woop woop! now for all the next steps.... solicitors fees- can anyone reccomend any good plac… Read More
dutch_courage Avatar
6y, 10m agoPosted 6 years, 10 months ago
hi everyone

we are first time buyers and have had a mortgage and offer on a place accepted! woop woop!

now for all the next steps....

solicitors fees- can anyone reccomend any good places to look for cheap fees?

life insurance- same as above really cheap as possible

home insurance- as above

also any other things i may have missed

any help would really be appreciated

cheers
dutch_courage Avatar
6y, 10m agoPosted 6 years, 10 months ago
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[mod]#1
Chances are your home insurance wouldnt be cheaper with your lender but check.

Always go through cashback sites like http://www.topcashback.com to search for your insurance company to see whether they are offering cashback. Most of these do.

What product did you go for? Interest only, repayment or part repayment? If you have gone for interest only it might be an idea to try and put some money aside to save to make a lump sumn payment off of your mortgage. Check the T&C as this sometimes says about how many payments you can make per month.

As a first time buyer you ought to have regard to the following expenditure:

Gas
Electricity
Council Tax
TV Licence
Insurance - home and life
Boiler breakdown cover if your boiler is relatively old...

Just trying to think of anything else...
#2
magicjay1986
Chances are your home insurance wouldnt be cheaper with your lender but check.

Always go through cashback sites like http://www.topcashback.com to search for your insurance company to see whether they are offering cashback. Most of these do.

What product did you go for? Interest only, repayment or part repayment? If you have gone for interest only it might be an idea to try and put some money aside to save to make a lump sumn payment off of your mortgage. Check the T&C as this sometimes says about how many payments you can make per month.

As a first time buyer you ought to have regard to the following expenditure:

Gas
Electricity
Council Tax
TV Licence
Insurance - home and life
Boiler breakdown cover if your boiler is relatively old...

hi there cheers for the reply

we have decided on a repayment plan, yeah i think your pretty much there on that list, we have a newish boiler so fingers crossed:p

will check out the cashback sites

cheers

Just trying to think of anything else...
[mod]#3
dutch_courage
magicjay1986
Chances are your home insurance wouldnt be cheaper with your lender but check.

Always go through cashback sites like http://www.topcashback.com to search for your insurance company to see whether they are offering cashback. Most of these do.

What product did you go for? Interest only, repayment or part repayment? If you have gone for interest only it might be an idea to try and put some money aside to save to make a lump sumn payment off of your mortgage. Check the T&C as this sometimes says about how many payments you can make per month.

As a first time buyer you ought to have regard to the following expenditure:

Gas
Electricity
Council Tax
TV Licence
Insurance - home and life
Boiler breakdown cover if your boiler is relatively old...

hi there cheers for the reply

we have decided on a repayment plan, yeah i think your pretty much there on that list, we have a newish boiler so fingers crossed:p

will check out the cashback sites

cheers

Just trying to think of anything else...


Another good way of saving some money is a benefits package you can get with your bank.

I am with Lloyds and my girlfriend and I pay £12 per month for:

Phone insurance
Worldwide travel insurance
Wallet insurance
AA breakdown cover

There are other benefits but these are the main ones.

Usually mobile phone insurance is about £6.99 so we consider this very reasonable.
#4
the best thing to do is do the budget planner from MSE
(http://www.moneysavingexpert.com/banking/Budget-planning)
that will help you with seeing your rough monthly outgoing, with regards to bills etc.

as regards to solicitors, I did a search in Google and called around ( £650 was an average price in london)
life insurance = comparison web sites ( see martin’s main article)
home insurance = again comparison web sites
[mod]#5
jiggy.jay
the best thing to do is do the budget planner from MSE
(http://www.moneysavingexpert.com/banking/Budget-planning)
that will help you with seeing your rough monthly outgoing, with regards to bills etc.

as regards to solicitors, I did a search in Google and called around ( £650 was an average price in london)
life insurance = comparison web sites ( see martin’s main article)
home insurance = again comparison web sites


£650+vat is relatively expensive. Most firms at the moment (and it is certainly best to choose a local firm) would charge about £450-550 plus disbursements.
banned#6
Our solicitors charged about £1,000 including vat, that's how much we lost when the person pulled out on the day of signing. So don't get your hopes up yet.
#7
Life Insurance - Go to Moneysavingexpert and use the recommended one, Charcol I think it is...about £5 a month cheaper with NU than going direct..
#8
might be worth asking the estate agents you are buying through if they can recommend a solicitor as sometimes they get offered special rates for their customers, then call around your local firms to compare on price. I did this and it worked out around £250 cheaper than any other solicitor I called.

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