20th February 2018
Buying your first property is an exciting life milestone, but can also be quite tricky. Here are 7 dangers to consider, with actionable advice to help you avoid any issues.
1. Finding a balance with viewings
You view your first property. You love it. But should you go with that one? Well, if you don’t it might go to another buyer, but there also might be properties you love even more out there. It’s important to find the right balance - aim to view around half a dozen, but don’t neglect that gut feeling you’re getting from a certain property.
2. Leasehold and freehold
Leasehold and freehold might seem like a technicality, but the choice could make a huge difference to your experience as a homeowner. Before you think about buying, read our handy guide that cuts out the jargon to help you decide which is best for you. Problem solved.
3. Understanding shared ownership
Shared ownership can seem like a great option for those wanting to get on the property ladder. But it's important to understand what it actually means. For example, if you only have a 25% share in the property, you will still be liable for 100% of the service charges for maintenance of the building. You can find out more about if a shared ownership scheme would suit you in our first time buyers on a budget blog.
4. Overstretching on repayments
Stretching the term of a loan is appealing because it reduces monthly payments. But it can cause problems later. It’ll take much longer to pay off the loan, so you’ll be paying more interest. Your mortgage could last well into your retirement, which is important to consider. Maslen Estate Agents can offer fee-free, independent financial advice on the type of mortgage you’re taking out so you know the payment terms suit you.
5. Interest rates and inflation
Inflation has a critical effect on the price you pay for a mortgage. If interest rates go up, your mortgage could hike in price and your monthly payments could go up. Maslen Estate Agents have specialist mortgage advisors who are available to help guide you through your best mortgage options.
6. Extra costs
There are lots of costs that come with buying a property that you may not even have thought about, but need to budget for. From legal, mortgage and agent fees, make sure you’ve put some money aside for extra costs.
7. Overall monthly costs
Simply ensuring you can afford your mortgage payments isn’t enough - you need to consider council tax, bills, utilities and other outgoings you’ll have. Make sure it’s all affordable before finalising the offer on your new home.
Looking for more advice on buying your first property? Contact Maslen Estate Agents today.
A good team at Woodingdean helped us through a stressful time.
Mr & Mrs Penton Sycamore Close
Ben and Paula were calm and reassuring throughout a very difficult process!
Ms Easterbrook Bear Road
Quality advice about when and how to sell, which was spot on. Thank you.
Miss Coleman Buller Road
It was an amazing experience, everyone involved were fantastic.
Mr & Mrs Knight Woodingdean
Very pleased with the service. Many thanks to Sharon and the boys!
Mr Flynn Woodingdean
Extremely efficient. Nick and Paula are excellent. The weekly phone calls were much appreciated.
Ms Gray Lewes Road
A really good experience.
Mr Tibble Lewes Road
Paula was fabulous and we felt really informed and supported.
Mr & Mrs Walker Lewes Road
We were very impressed with the Nick from start to finish.
Mr & Mrs Smith Lewes Road
An efficient, professional and friendly service. Helpful and a pleasure to do business with.
Mr Beddington Brading Road
Thank you Paul and Archie, you gave an excellent service, as well as Kelly. I look forward to working with you again.
Mr White Fiveways
Fantastic service. By far the best agents we have ever used, I cannot recommend you highly enough.
Mr Field Mafeking Road
Paula's role was brilliant. Having someone office based and available was so appreciated and her promptness an impressive service - every Estate Agent...
Ms Wynn-Jones Baxter Street
Sold within 2 weeks for asking price "excellent!"
Mr Grundy Bishops Road
Very impressed with the service. Sharon Wareham works tirelessly, very professionally and is always there for advice.
Miss Matthews Kipling Avenue
The Woodingdean team were very friendly and approachable.
Mrs Palmer Pitt Gardens
We were very pleased with services provided by the Fiveways office.
Mr & Mrs Sawyer Shaftesbury Road
The whole team were excellent, each one of them felt like family. Sharon had a lot of sorting to do at times but coped very well, a true profession...
Mr Vernon Woodingdean
Thank you. We found all the staff knowledgeable and really pleasant to deal with.
Ms Ansloos Lewes Road
Paula is amazing!
Ms Aspnall Gladstone Place
A very committed team who made the sale process very easy.
Ms Rees Ticehurst Road
Good team. Straightforward. No nonsense.
Mr Standing Newmarket Road
From start to finish the sale was dealt with in a thoroughly professional manner.
Mr Gibbs Lewes Road
I wish we had used you to sell our property! Nice to meet honest people, who are genuinely interested in helping. Very pleased.
Mrs Porter Taunton Road
Many thanks to Nick. It was an easy process thanks to you! I'm extremely satisfied with how the sale went, great job.
Ms Mayanobe Aymer Road
Excellent Service from start to finish.
Mr T Mole Cromwell Road
Our local office manager, Sharon Wareham was warm and friendly and kept us up to date at all times.
Mr Hope The Brow
Nick and Paula are total stars! They were incredibly supportive and present throughout. Thank you!
Miss O'Haire Hove
In February 2016 I was looking to buy and sell very rapidly. Competition among buyers at the time was very high. Sharon @ the Woodingdean branch sh...
Ms Helen Lyons Woodingdean
Please thank Paula at Lewes Road - Excellent service.
Mr & Mrs Nuthall Lewes Road
Sharon, Harvey and James were all excellent - very professional. Totally opposite to what I have experienced with other agents. Maslen have restore...
Ms Lyons Woodingdean
Very, very happy we chose you, felt right from the start! Thank you!
Miss Blackadder Coniston Court, Holland Road
Very impressed with the efficient and friendly service, the staff were a pleasure to deal with.
Mr & Mrs Gill Lewes Road
Excellent service as always
Mr Field Ringmer Road
The team worked very hard over a long period to ensure my sale went through - excellent service!
Mr Patrick Gladstone Terrace
All the staff I dealt with were excellent. Sharon worked really hard to complete the sale.
Mrs Bent Falmer Gardens
A very positive experience - I had most contact with the Fiveways office and they were so friendly and helpful.
Ms A King Balfour Road
Paul Wilkinson was extremely helpful and efficient. The only problem was the vendors solicitor and Paul warned me of this. A good transaction all r...
Mr Lavender Fiveways
Excellent customer service throughout. I will definitely recommend you, and use you again. Thank you.
Ms Longley Kingsbury Street
Sharon and her team could not have done more in what was a difficult sale.
Ms Daly Woodingdean
Sharon was amazing! She kept us up to date the whole way through the process. We cannot fault Sharon or the rest of her team.
Mr & Mrs Ashley Woodingdean
The whole team were very committed from start to finish.
Mr Pilgrim Lewes Road
Compared to your rivals, your service was excellent
Ms McGrigor Milner Road
Paula was absolutely amazing!
Mr & Mrs MacKay Lewes Road
Superb service as usual, I would always recommend you.
Ms S Hike Blackthorn Close
Very pleased with the experience. I would definitely recommend you and use you again.
Ms D Edmonds Horton Road
First class service. Friendly and professional.
Mr Thorne The Avenue
Very impressive - professional and friendly, both Martin Timms and Paula Carter were excellent at keeping in contact with sensible advice based on...
Mrs O'Connor Hove
Very thorough & very informative.
Mr Michnowicz Waldegrave Road
Sharon was excellent, she kept us informed at all stages and was a really calming objective influence in the process.
Ms Frederick Channel View Road
Very professional service. Thank you!
Miss New & Mr Jackson Buller Road
The sale was dealt with swiftly, professionally and successfully. Thank you Maslen!
Mrs Lincoln Hove
I have bought and sold 7 properties, and this was the best experience of an estate agents services I have found.
Mrs Shepherd Hertford Road
Service exceeded my expectations overall at all stages of the process - I wouldn't hesitate to recommend you. Thanks.
Ms Greene Lewes Road
Harvey was helpful and easily reachable at the beginning of the process and Sharon kept us informed and was always happy to help.
Ms Murch & Ms Mapa Ticehurst Road
Very good service and communication. Paula was excellent.
Mr & Mrs Scarboro 1 Pevensey Road
I would recommend Maslen to anyone.
Mrs Tripp Woodingdean
The staff were very helpful, an excellent service. I would recommend you to others.
Miss Hockly Fiveways
Very pleased with the excellent service throughout. Professional, friendly, efficient and no hard sell. Achieved above asking price. Thank you!
Mr Witten Lewes Road
Graham Griffin provided us, and continues to provide us, will all-round excellent advice. We trust his knowledge and expertise.
Mr Blackmore & Ms O'Sullivan Financial Services
All agents at Maslen were extremely helpful and polite from the beginning to the completion of sale.
Mr Johnson Fiveways
I found the service to be courteous, friendly and efficient.
Mr Upton Buller Road
Ben was particularly enthusiastic and helpful. Martin, Paula, Sam and Will are all hard workers.
Ms Goodey Franklin Road
Best Estate Agents ever experienced - professional, approachable, competent and exemplary.
Mr & Mrs Guest Riley Road
Sharon was excellent - kept us well informed, thank you so much!
Ms Waters Cowley Drive
It was a long, drawn out process that the people at Maslen helped me through, without the impression that it was a chore. So extremely professional...
Mr McLagan Lewes Road
All very professional, kept updated throughout. Very pleased - Would recommend.
Mrs Hammond Hove
Great service, always polite and friendly. Excellent contact and info all the way.
Mr Wells Bishops Road
A completely painless experience from start to finish. Thank you.
Mr Woolven & Mrs Bessant-Woolven Lewes Road
You were amazingly helpful throughout - a real pillar of strength with a very difficult sale.
Mrs Parkin Fiveways
We were delighted with the service received from all the staff with whom we had contact,
Dr Crichton The Ridgway
Hugely impressed with Ben & his team.
Mrs Mead Upper Lewes Road
Cannot express our appreciation enough of all the efforts made by the Woodingdean team - they were fantastic.
Mr John Mogridge Woodingdean
Paul was absolutely brilliant.
Mrs Tasker Fiveways
Brilliant. Well done to Sharon and the Woodingdean team.
Ms Curtis The Ridgway
Very happy with the service we got from you guys, everyone we dealt with was extremely friendly, professional and helpful. Thanks!
Mr Brown Titian Road
First class service from a first class team.
Mr & Mrs English The Ridgway
Maslens as a whole were really friendly and professional. I have to thank and congratulate Paula Carter for being superb at her job and exceeding m...
Ms Warren Hove
Exceptional service throughout the process - should we decide to sell in the future we wouldn't hesitate to use your agency. You're a cut above the...
Ms Windels & Mr Barham Fiveways
Thank you Maslens, you were all excellent!
Miss Jasper Taunton Road
Best Agents in Brighton.
Mrs Field Tarner Road
Very helpful and patient team.
Mrs Shea Selborne Place
Excellent service from the Lewes Road branch. Martin Timms secured a quick sale & at a good price & Paula Carter worked really hard to secure...
Ms Schulte Bear Road
Very impressed with all dealings with Maslen. Paula Carter was in particular very knowledgeable and helpful.
Mr McBlane Hove
As always, an excellent service.
Mr & Mrs Field Lewes Road
Excellent communication and advice throughout. It felt very reassuring to be in good hands.
Mrs Brooker Buller Road
Very comprehensive and professional. Nice people to work with and highly recommended.
Mr Alderton Ladysmith Road
Already recommended you! Thank you.
Mr Edwards The Ridgway
Thanks David, all very professional.
Mrs Flowers Foxdown Road
Thanks for an excellent service.
Mr King Hove
I was new to the area and viewed a lot of properties with a lot of different agents. Maslens were by far the best I came in contact with, so when i...
Mr & Mrs Heer Lewes Road
Thank you for everything!
Ms Tucker Willow Close
Outstanding service from Sharon. James is an asset to Maslens & Harvey was so helpful and polite.
Ms Cianchetta Selhurst Road