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property buying

Many people dream of owning their own home, but with such strict lending criteria and rising house prices it can be hard to secure a mortgage or even raise the deposit you need to get your foot on the property ladder. Buying and owning your own home isn’t right for everyone so before making this huge commitment it’s a good idea to work out if buying is right for you. Obviously if your income or circumstances mean that you aren’t able to afford buying a house then that decision is out of your hands, but if you have a good steady income, a deposit saved and are in a good position to buy you may feel that buying just isn’t right for you anyway.

There are advantages to owning your own home. Firstly it gives you increased security, as you own the property and are not subject to a landlord or other responsibilities as a tenant. So you can make any changes you wish to, providing you have planning permission for any structural changes but essentially you at least have the freedom of choice unlike renting. And if you do decide to make any changes to your property then you will see the benefit of any increase in value if your sell your house quickly. Ultimately you don’t have to answer to a landlord or be at risk of them making you move out or waiting for them to deal with repairs etc. There are also emotional benefits to owning your own home as most people who own their property are significantly happier.

When the market is right, you can also end up saving money buying rather than renting, and you can be in better control of your money with certain types of mortgages without being at risk of sudden rental increases. However you need to be aware of other costs and responsibilities of owning your own property such as maintenance and repairs, bills and insurances that you wouldn’t normally need to pay for when renting. You could potentially make money owning your own home if property prices increase, so it is more of an investment than simply giving money away to a landlord at the end of every month so he can pay his mortgage. You can even use your home as an investment for later in life by releasing the capital on your home.

Purchasing a property is a large commitment though and probably one of the biggest costs you’ll ever have to pay out. You are more tied down to owning your property, so you can’t move as easily if you needed to, or get a quick home sale, whether it be due to a change of job, family commitments or simply wanting to travel. If you do decide to buy a house, you will need to be in a strong position before making such a large financial commitment to ensure you are not at risk of losing your home in the future due to a sudden change in circumstances.

by Cormac Henderson

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National Property Trade is rated 4.92 stars by Reviews.co.uk based on 215 merchant reviews

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215 Reviews
I was initially rather sceptical about involving a company such as NPT, especially as we had an offer accepted at the asking price. However, when our chain fell apart at the last minute, I decided to consider all options and was highly impressed by Cormac’s responsiveness, transparency and service. We completed within 15 days of my first conversation with NPT, and 7 days after exchange. Cormac and his team were highly professional, honest and provided a great service. If it wasn’t for them, our onward purchase would have been lost, as well as thousands in abortive transaction costs. We can highly recommend NPT as a reputable company.
We sold our property using the Assisted sale product when we realised the property we were purchasing was'nt going to be ready for a few months. This gave us ample time to get the money we wanted and through using this product, that helped us achieve what we needed. Great professionalism from a company in an industry we had no prior knowledge of. If you are thinking of selling your house, try these guys for a fair and honest sale.
We sold our property using the Assisted sale product when we realised the property we were purchasing was'nt going to be ready for a few months. This gave us ample time to get the money we wanted and through using this product, that helped us achieve what we needed. Great professionalism from a company in an industry we had no prior knowledge of. If you are thinking of selling your house, try these guys for a fair and honest sale.