The next area of our Summer property campaign for low income earners is about choosing a property to buy.
After working with them on buying and funding options available in the market, it is now time to start thinking of the kind of property they may wish to buy.
The first choice is not always the last one!
If you are a council or housing association tenant, obviously your first choice of property to buy could be the one you are living in if you like the place and your current landlord/lady is willing to offer it to you to buy. But, this does not mean this should be the last resort for you. There are other alternatives as well, like those properties in the new build market.
Developing your property-to-buy choice
Just because someone is on low wage or income, it does not mean they cannot choose. They can still choose although their choice could be limited compared to those who have enough money to choose and buy a property outright.
Because low income earners’ income and choice are limited, they need to make an informed decision than just being cautious.
Making an informed decision that leads to a better choice
To make an informed decision, we are going to work on a combination of four situations or points to consider which are:
√ Standard points that any buyer would consider. These are part of the advice that any estate agents will provide to their prospective buyers. They include: affordability, availability, suitability of the property to buy, location, transport links, restaurants, bars and shops, price and so on of the property to buy.
√ Points related to you as a low income earner (as a particular type of buyer) looking to buy a property
√ Points linked to the New HomeBuild properties and sector (as a specific type of property you are planning to buy).
√ The current shape or state of the housing market with the particularity of the dilemma of exiting or non exiting UK economy
Online search of property to buy
As part of what will be involved in finding a property to buy, we will conduct with prospective home buyers online browsing of properties to buy and visit some of the property shows organised by vendors or their agents.
The above is the content for this week’s campaign.
Need to find a home to buy, need finance to buy a home as a low income earner, why not work with Home Relief for information, guidance and advice?
Home seekers and prospective home buyers can consult Home Relief to discuss their individual cases, applications and the suitable buying options for them.
If you are looking for an affordable location and home, Home Relief is the people dealing with affordable homes you could consider in your property searches and enquiries.
