Get In Touch

Find out what we can do to help you with your finances. Get in touch with us today!


Mortgage Calculators

Our mortgage calculators are designed to help you work out how much you can borrow.


Best Buys Tables

Use our best buy tables


First Time Buyer

Buying a house is one of the most important purchases you will make, and buying a home for the first time will be an even more daunting prospect. Add to this the vast array of mortgage products available from a wide range of sources and you could be left with a high-stress, confusing decision. 

To help you with making the right decision we have put together 10 top tips for you.

  • Ensure that you are realistic when working out exactly how much you can afford to spend on your new house. You should ensure the intended mortgage is affordable (by doing a budget calculation) and it is wise to seek a Decision in Principle certificate, so that you know how much you can offer once you have found a suitable property. Even a newly built house will require some sort of furnishings, whereas older properties may require extensive work, such as re-flooring, tiling or renewing the wiring. Make sure that you factor in all these likely expenses, in addition to the purchase price, and other fees such as conveyancing and stamp duty.

  • When buying for the first time, there may be a number of details in the houses you are looking at, which you may not pick up. Always take an experienced home buyer, such as one of your parents, or a home-owning friend, when looking at property. If this is difficult to arrange, then make sure you at least get some assistance once you have selected a property you like and are arranging a second viewing.


  • If you have been used to living at home with your parents, remember to budget for expenses such as council tax, gas and electricity bills, boiler servicing, and other home repairs.


  • Make sure you know what the likely council tax charge will be in your new property. The selling agent should be able to tell you what tax band the house you are interested in buying is in, and how the charges are levied by your local authority.


  • Even if you do not have children, remember that property in the catchment area of good local schools will always be much easier to sell on. However, this may also be reflected in a higher purchase price.

  • Always consider how your transport arrangements will change in your new house. If you have a car, your insurance premium may increase dramatically if you move from a town with relatively low crime into a city centre with higher crime rates or if you move from your parents' house with a locked garage to a smaller terraced house with on-street parking.

  • Consider the availability of public transport services, making sure you find out local bus routes, the frequency of train services from your nearest station, and, if you are moving a long distance, the range of flights available from your local airport. Even if you drive everywhere, this information will be useful for anyone coming to visit you who does not drive.


  • Write down a list of local amenities which are important to you. This may include shops, restaurants, pubs, sports centres, parks, and cinemas. If you enjoy activities such as walking, or cycling, the neighbourhood you plan to move in to may be very different to the one your parents are living in, and may not have the same access to parks and other recreational facilities. Before making any final decision about where to move to, take a stroll or bike ride around the local area, and note down where the key facilities are.

  • If you are a heavy internet user, check to see that broadband or other high speed internet is available in the street you are moving into. The selling agent should be able to tell you this.

  • Try, where possible, to find somewhere to live that is close to your main place of work. Commuting can be one of the biggest household expenses, and as you are likely to be spending much more time on domestic chores and/or DIY, living somewhere which minimises your commuting distance will be very important. If property is more expensive nearer to your place of work, make sure you weigh up this additional expense, when compared to the costs and time of commuting. You may wish to ask colleagues in your workplace to see if there are possibilities to lift share with anyone from the area.


There may be a fee for mortgage advice. The charging of such a fee will depend upon your circumstances but if we charge a fee, we estimate that it would be £250 or 0.25% of the loan amount whichever is greater. Typically this will be £250

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Why Us?

  • NO OBLIGATION QUOTES & ADVICE
  • FAST DECISIONS IN PRINCIPLE
  • BEST HOME MOVER RATES
  • BEST FIRST TIME BUYER RATES
  • BEST REMORTGAGE RATES
  • HOME IMPROVEMENTS
  • HOME VISITS WITHIN LEEDS AND SURROUNDING

Contact Us

ADDRESS:


18 High Street
Kippax
Leeds
LS25 7AB

TELEPHONE:

0113 232 2320

FAX:

0113 287 2606

EMAIL:

advice@advantage-mortgages.com

Connect With Us

^ Return to top of page | Privacy Statement | Adviser Login Copyright © 2017 Advantage Mortgage Services Ltd | Powered by IRESS


Advantage Mortgage Services (Yorkshire) Ltd is an appointed representative of Openwork Ltd, which is authorised and regulated by the Financial Conduct Authority.

The information on this website is for use of residents of the United Kingdom only. No representations are made as to whether the information is applicable or available in any other country which may have access to it. Registered address of Advantage Mortgage Services (Yorkshire) Ltd: 18 High Street, Kippax, Leeds LS25 7AB. Registered in England No. 5238006. Directors: Malcolm Proctor & David Sweeney