Hoxton Property Show first time buyers

On the Hoxton Property Show this week we welcomed George Davey head of residential sales at Stirling Ackroyd to give us some tips on first time buying and how to market your house for sale.

Stirling Ackroyd are also celebrating their recent takeover which see’s them move under the Nick Dunning Associates umbrella and planning in place for a new Dalston branch of the estate agents.

We explored news in the week that’s seen property prices go up by as much as 101% in East London since 2012!

George is working on doing up a new property and is quite keen on last week’s guests Made.com’s V&A Plywood collection:

First time buyer tips:
This is one of the questions we get asked most often and the answer is always to ensure you’ve budgeted for the many costs at come along with it:
• 10% deposit
• Stamp duty
• You can save if you use a mortgage broker
• Not using the cheapest solicitor can save you in the long run
• Getting a survey done
• Relocation costs
• Building insurance (if you are moving to a freehold property)
• Filling it with love….or furniture

With average London prices at around the £500k mark (East London is probably higher) this could set you back around £70k just walk through the door of your new home. Make sure you budget correctly for your resources.