Second time buyer

Remember how stressful it was buying your first house? Are you a second time buyer? All the questions and forms, the applications, the speaking to estate agents and solicitors, not to mention applying for your first mortgage! Well now its time to do that again but you’ve got to sell your house at the same time!

It’s no wonder they say it is the most stressful thing you can do! But don’t worry… Actually, it’s really not that bad, or it certainly doesn’t have to be. Trust me, we help people do this every day and I’m going to tell you all you need to know to make it stress free and plain sailing all the way to your new front door.

First things first, we need to know what your current house is worth, so you will need an estate agent or two to give you a valuation of your home. Of course, it is best to arrange for this to be done in person but you can get an idea instantly online to begin with. This step is oh so important and one that most people skip because it’s not as fun as the bit after – viewing new properties! Now is the time to check your budget carefully because we need to see how much you can borrow. It won’t take too long but we need to see what your situation is now and look at your income and outgoings. It may be best to stay with your existing lender or it may be better to go to a new one but that is a whole separate blog in itself!

So now we know what your house is worth and how much you can borrow, once we have factored in all the fees and costs (there’s more this time by the way!) you are then all set to go and look at new properties.

Don’t get too attached though yet though because you can’t do anything until you have accepted an offer on your current property. This is the bit so many people try and to the wrong way round, which unfortunately I see frequently in my Oxfordshire estate agency – Maxwells. Clients find a house they love before accepting an offer on their own home and then by the time they are in a position to make an offer, its gone to someone who was proceedable! There’s no point offering until you are sold, the owners won’t take it off the market for you yet. Why would you for someone that couldn’t actually buy it at that moment in time?

So now we put your house on the market and choose a good estate agent – please choose wisely, this is important, its not all about the cheapest fee or even who puts the highest price on your home! Who has done the most research? Who do you get a good feeling from? You can read my other blogs on choosing an estate agent here. When you have chosen and your property goes ‘on the market’, you will get some viewings and then agree a price with someone.

Now, don’t panic, don’t rush out and buy the first thing that will do, no one is going to make you move out as soon as you have accepted an offer on your home. Particularly as I wite this, so many people are worrying what they will do if they find a buyer but can’t find a new one they like. Don’t worry, they will wait. And if they don’t then another buyer will come along.

Chances are though, by now you have your eye on one or two new houses and the good news is now you ARE in a position to make an offer and agree a price! Once that is all agreed you need to instruct a solicitor, again, choose wisely here as they are the absolute key to how quickly and smoothly things progress. They will send you so many forms and questionnaires, you won’t know which one to do first! But start at the beginning and work your way through in order, start with info about your sale and then move on. We are always here to help you with all your forms.

Next comes the mortgage application, we need all of your documents, your pay slips and bank statements and ID, etc to submit a full application. It usually takes a couple of weeks to get it all agreed. There will be questions that come up here too but we always try and handle it ourselves where we can, so you don’t have any unnecessary hassle.
There are going to be more questions coming from your buyers to answer and your solicitor will be sending you lots more information about the new house. You will need to read through it all carefully but your solicitor will point out anything you need to be particularly aware of.

Eventually after several weeks and all the paperwork, then will be the time to start talking about dates for moving. This bit is like trying to get a big group of friends together for a meal or something, someone can’t do the same day as everyone else and you end up missing people. Except with this its pretty important that everyone agrees on the same day! People usually like a Friday, presumably because then you have the weekend to unpack the vital boxes, but it can be any day of the week that you can all agree on. It can’t be the weekend though as solicitors and banks to be open.

So then that’s it! You have moved in, time to unpack, probably get a takeaway and enjoy your new home… until next time that is! For more information please do contact us.

The latest from Instagram

An extra gift in your Christmas shopping could mean the world to a child or young person this year.

We know that many more people will find this Christmas harder financially so more children could go without.

We've been in touch with the Salvation Army to collect gifts on their behalf. We will then drop them off to the Banbury centre who will distribute them locally this Christmas.

Unwrapped gifts must be with us by Friday 10th December. They are in particular need of gifts suitable for 16-18 year olds, things like; games, gloves, socks, toiletries, mugs, bags, stationary, headphones etc.

THANK YOU to everyone who has dropped something in so far - you're amazing!
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Black glasses for Black Friday ⚫️🤓

So, #blackfriday

Love it or hate it?

Personally I can't stand it. It seems to me it brings out the worst in some people, all trying to get something bigger or better. I remember the scenes on the first black Friday a few years ago. People literally hurting each other to get to a product off the shelves.

I wonder if they still have those items now?

It is my belief that we should always be savvy about getting the very best out of our money, every day of the year.

When remortgaging you might ask yourself, is it worth the hassle of moving lenders?

The answer is YES.

In fact, a saving of just 0.5% on a mortgage of £250,000 would be around £62 per month difference. That is about £3720 over a 5 year fixed term!* A substantial amount that you could and would probably want to put to better use.

I believe this to be a better way of getting good value for money and thinking about your future. Rather than buying something on a whim just because it's Black Friday.

So today, on Black Friday, check when your mortgage rate comes to an end and get in touch to see if I could find you a better fit.

*Figures based on a mortgage of £250,000 over 25 years at 1.5% verses 2% to the nearest whole pound.

**Your home may be repossessed if you do not keep up repayments on your mortgage.
Our typical fee for arranging a mortgage is £500 but this may vary on the complexity of your individual case.
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If you're thinking of a move next year, any time next year, just be warned it could be a busy one.

Many moves and plans have been put on hold since the pandemic started. I predict that next year is going to be a recovery year. Recovery for our families, our plans and our searches for the next perfect home.

If this is you, I urge you to put in some of the background work now so that when you think you're ready, you're already on the right track. One step ahead.

One of the very first things you can do is get an up to date valuation of your home. If you're local to north Oxfordshire, my agency Maxwells Estate Agent can help you with this - at your pace.

If you're not local, I can help you with a remote valuation to get you started and can recommend estate agents best suited to you and your home.

Get in touch 01295 981300

**Your home may be repossessed if you do not keep up repayments on your mortgage.
Our typical fee for arranging a mortgage is £500 but this may vary on the complexity of your individual case.
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Next year is going to be a BIG year.

I'm actually obsessed with looking forward. So much so, Julie often tells me that I need to slow down and take in what's going on right now and be more present.

Which is why we make such a good team I guess. Her yogi outlook on life and my dreamer head.

But my brain isn't wired that way - I'm always planning, considering, thinking about what the next challenge is going to be.

I've got so much planned for my businesses (stay tuned) and for my family (that might actually be more Julie's doing) in 2022.

Next year will be a big year for many of my clients too as many of them are going to come to the end of their fixed rate. There will be more conversations about home improvements, projects, moving plans and more. I can't wait to start helping them on putting their plans into action.

Check if your mortgage rate is coming to an end next year. If it is, start thinking about what your plans are. Is it to pay off a lump sum, is it to get working on that extension or finally convert the loft into a home office?

Whatever your plans, consider how you might make them a reality.

Take a look at my blog for more on remortgaging next year - link in the bio.

**Your home may be repossessed if you do not keep up repayments on your mortgage.
Our typical fee for arranging a mortgage is £500 but this may vary on the complexity of your individual case.
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Refer a friend to us at Vantage Mortgages and receive a £50 Amazon voucher - that would be nice for some Christmas shopping right?! 🛍 📦
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🎅 There is no limit to how many people you refer - £50 for each referral.
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🎅 You'll receive your voucher when your friend submits their mortgage application.
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Do you know someone who would benefit from our expertise? Tag them!
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*Your home may be repossessed if you do not keep up repayments on your mortgage. Our typical fee for arranging a mortgage is £500.
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Some children will struggle to be given much at all this Christmas.
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We are opening up our office as a drop off point for Christmas gifts for children and young people. They will then be taken to the salvation army for distribution.
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So whilst you're out and about shopping, if you felt you could buy an extra gift for a child, we know it would be so very much appreciated.
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The #salvationarmy have told us it's gifts for both boys and girls aged 16-18 that they tend to struggle for. We've got started with some toiletries gift sets.
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We know that these are incredibly difficult times for some of us financially right now so whatever you can afford will be absolutely amazing.
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If you'd like to drop a gift to us to pass on, however big or small, please get it to our office, 48 High Street Banbury BEFORE 10th December and make sure it is unwrapped. And we'll be delighted to pass it on for you.
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#helpatchristmas #salvationarmyuk #christmascharity
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We are not a bank or building society.

We are family owned and independent mortgage and protection advisers.

And we THRIVE on our clients spreading the word about our expertise and service.

We have a little favour to ask...

Consider the following:

When you decide to use a service for a big life decision (an estate agent, a mortgage adviser, health care) how do you make your decision?

It's probably no surprise that most people make their choice based on other people's experience. This could be a conversation in person with a friend or family member, a recommendation from a colleague or online reviews.

Hearing positive comments and feedback from others helps us to feel secure in our decision making, this is particularly important when deciding who to use when arranging your mortgage. For a lot of us, this will be one of the largest financial commitments you will ever make.

We know it seems everyone is after a review for something these days but for a service like ours, your words could be the beginning of another client's journey with us.

(We can't advertise on TV like national companies. I'm not sure we'd want to!)

It's now easier than ever for you to leave us a review, taking just minutes to do. Please consider telling others about your experience with us as we strive to work hard for our clients and aim to get the very best result possible for them.

Here's the link: https://review.vantage-mortgages.co.uk

And keep your eyes peeled for how we will reward our clients who spread the love... 💗 (details are coming soon)

#mortgagebroker #mortgagehelpers #localbusinessuk

Your home may be repossessed if you do not keep up repayments on your mortgage.
Our typical fee for arranging a mortgage is £500 but this may vary on the complexity of your individual case.
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So you may be thinking, doesn’t it cost a lot to change mortgage lenders?

Absolutely not! In fact most of the time for a simple swap it doesn’t cost anything at all. Most lenders will provide a free solicitor to handle the change over and they will usually cover the cost of the valuation too.

This is the point when we will find out about your situation, your income, outgoings and any other considerations that may need to be taken into account, like your credit history before we give advice on what to do next.

See more about this in my newest blog - link in the bio.

#remortgage #mortgagetips #mortgagehelpers #proudtobeprimis #mortgagelender #mortgagebrokers #oxfordshire

**Your home may be repossessed if you do not keep up repayments on your mortgage.
Our typical fee for arranging a mortgage is £500 but this may vary on the complexity of your individual case.
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Say cheese 🧀 😄 Our faces are aching but what a lovely morning having some updated team photos taken. @katkaholliday made everyone feel at ease - can't wait to see the pics!
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Dotty was a dream to photograph today 😍😍 I think we may have to do a Dotty calendar for Christmas or something 🤔😀
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#mortgagehelp #mortgagehelpers #remortgage #officedogsofinstagram #officephotos #teampics #saycheese📸
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Can Dotty get some love for wearing her poppy with pride today?
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#poppywithpride #lestweforget🌹 #officedogsofinstagram
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