YouTube channels to watch before getting a mortgage
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Whether you’re a first time buyer, buying to let, upsizing or downsizing, the following videos will assist you in the process of finding the right... The post YouTube channels to watch before getting a mortgage appeared first on My Green Home Blog .
Whether you’re a first time buyer, buying to let, upsizing or downsizing, the following videos will assist you in the process of finding the right mortgage and arming you with the information you need before you get started. We’ve selected a few videos that guide you around the pitfalls and hazards and help to make the whole thing a much more pleasant experience.
Buying a house: Before you buy
Buying a house can be a daunting prospect. There are so many things to consider before you buy. The Experian YouTube page has several really good informational videos with easy to read check lists, which lead you through what you need to consider in terms of how much moving will actually cost you. Before you make an offer on a property, this is an excellent one to watch. https://www.youtube.com/watch?v=jm8haycLgPk&list=PLYQ4gPMWBXCEUh7u02QB3qLlwB4dzfFdL
With more and more lenders making borrowers jump through many hoops, don’t be refused your mortgage for something that could have been avoided in advance. Check your credit score is good before you start, identify any problem areas and fix them before going ahead with your mortgage application. Here is one family’s example of how they used a credit score report to help them reverse a mortgage refusal. https://www.youtube.com/watch?v=Tqo4EQbuPMA
Finally, there has been a major change in the mortgage lending rules recently, which has affected the list of questions that you may be asked during the mortgage application process. Here is a video from Barclays explaining what they will and what they won’t ask you, and how you can get prepared in advance. https://www.youtube.com/user/barclaysonline?v=ptd4YD-5aJE
Buying a house: Choosing where to buy
This video reminds you to look at things you might not have considered when choosing an area to live in, such as the cost of council tax, insurances or broadband. It’s a back to basics approach to house buying, recommending you go to the area on both work days and weekends, and see what it’s like and that you chat to neighbours, local shop owners and so on and see what they think of the area.
Everyone knows that property is a people business and once you have chosen your target area, you need to build a good rapport with your local estate agent. Your estate agent is more likely to put the best new houses on the market your way first if they know you, you stay in touch and you give them feedback when they ask for it. Generally speaking larger estate agents or chains, tend to have a high turnover of quite inexperienced staff, whereas local independent agents can have more entrepreneurial flair, and they are actively looking to build long term relationships because their business is their livelihood.
If you aren’t sure about how much you should be paying for a property in a given area, view this video from Rightmove that talks about how you can see what property has sold for in your area recently. https://www.youtube.com/watch?v=PklYH-697-o&list=UUbCBgo5dwnjs9TKqq8otA0A
Buying a house: Some checks you can do yourself when you view a property
Before you view a property watch this video from Romans on how a survey is carried out. It will give you some ideas on what to look for yourself when viewing.
The post YouTube channels to watch before getting a mortgage appeared first on My Green Home Blog.