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Choosing A Family Home: 6 Top Tips For First Time Buyers

Whether you’re expecting your first child, planning your family, or adding to it, there’s one thing that’s guaranteed over the next few years – you’re going to need lots more space! 

With children, comes a lot of stuff. Whether it's toys, equipment, clothes, bikes or that all-important inflatable chair they just had to have, as your family grows, it’s natural to consider where you’ll put everything and everyone! 

If you’re in a position to consider buying your first home, it’s an ideal way to make sure you have enough space for your growing family. Here are some of our top tips for first time buyers:

1. Location, Location, Location

This is the most important factor as it's the one that can't be changed. Just like on the TV programme, you need to be a bit of a fuss pot when choosing the location of your first home. It’s so important to make sure that the location has all of the amenities your family will require over the next few years. Do your research, check out local schools, parks, play areas, and most importantly, that it’s a safe area to raise a family.

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2. Shop Around

Make sure to view lots of properties. The more you view, the better idea you’ll have of what you like, and more importantly, what you don’t like. You’ll discover certain things that are deal breakers, and you’ll also find things that you absolutely love, but may have never considered before. And don’t forget it’s perfectly ok to go back and view the property again… and again! Better to be safe than sorry!

3. Stick To Your Budget

Once you’ve established how much your budget is, it will make things much easier. You can search for homes you know you can afford, meaning you won’t get distracted by properties you simply can’t afford. A bit of planning goes a long way. Knowing how much you have for a deposit will help when finding the right mortgage (and mortgage advisor).

4. Ask Lots Of Questions

A house is most likely the largest purchase you will ever make in your life, so make sure you ask lots of questions, ensuring you fully understand the terms of your contract. But even before it comes to the contract stage, ask loads of questions about the house you are considering: enquire about previous owners, any renovations that were done, any damages that have occurred. The more you ask, the more you know, and the more you know, the more confident you will be in your decision.

5. Get Organised

Have all your documentation ready and organised ahead of time. Talk to your solicitor and mortgage provider to ensure you have absolutely everything you need, well ahead of time. The last thing you need is a paperwork holdup causing you to miss out on your perfect family home.

6. Mortgage Matters

Buying your first home is a massive step, and will naturally be a bit of a head spinner. That’s why it’s so important to make sure your mortgage provider is aligned with you, and your needs.

To help make things easy for you; Ulster Bank have Mobile Mortgage Managers, ready to travel to meet in a place that suits you; or a Video Chat option, so you can get your mortgage application moving, without even having to get to a branch.

Even better than this, they have great new rates on offer for new & existing customers; so when your fixed term ends, you can choose the best deal to suit your circumstances. Plus customers will receive €1500 when they take out a mortgage with Ulster Bank, to help them pay for their legal fees.

This article is kindly sponsored by Ulster Bank, a leading provider of mortgages in Ireland. Call 1800 303 004 to discuss the mortgage that’s right for you.

Ulster Bank - Help for what matters.​
Important information: Maximum Loan to Value (LTV) is 90% - varies by buyer type, see ulsterbank.ie for more details. Apply by 31 December 2017. Following mortgage drawdown €1,500 will be transferred into the customer’s current account, from which the mortgage payment is made, within two months. Mortgage offer must be issued within this period. €1,500 payment is a fixed amount and is a contribution to or a reimbursement of legal fees incurred. Excludes home movers on 10 year Tracker product, Further Advance, Negative Equity, Retentions and Transfer of Title. Includes Buy To Let. Lending criteria, terms and conditions apply. Over 18’s only. Republic of Ireland residents and properties only. Credit facilities subject to repayment capacity and financial status. Security and insurance required. Ulster Bank Ireland DAC is regulated by the Cental Bank of Ireland.


About the Author

Editor of eumom.ie, Mairéad Cahalan is a creator of content, a lover of music, red wine and coffee, and a part-time wedding singer! Find her on Twitter, Instagram, Soundcloud and LinkedIn.

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