BUYING A HOME
Buying a home for the first time can be a daunting prospect. There’s so many things to think about – and that’s before you’ve even considered the many mortgage products, rates and lenders to choose from.
To help you reduce the stress, here are our Top Tips for First Time Buyers.
Budget accurately: Be realistic about how much you can afford to spend on a house, and ensure the intended mortgage is affordable. Don’t forget to allow for furnishings, and remember older properties may require extensive work, such as re-flooring, tiling or renewing the wiring. Make sure you budget for these likely expenses in addition to the purchase price, along with other fees such as conveyancing and stamp duty.
Ask for a second opinion: When buying for the first time, there may be a number of details to look out for that you may not be aware of. Always take an experienced home buyer with you when viewing a property. If this is difficult to arrange, make sure you at least get some assistance at the second viewing stage.
Remember the bills: If you have been used to living at home with your parents, remember to budget for expenses such as council tax, gas and electricity bills, boiler servicing, and other home repairs.
Consider Council Tax: Make sure you know what the likely council tax charge will be in your new property. The selling agent should be able to help you.
Look at the local area: Even if you do not have children, remember that property in the catchment area of good local schools will always be much easier to sell on (though it may be reflected in a higher purchase price). Also, write down a list of local amenities which are important to you (shops, gym, cinema etc). Before making any final decision about where to move to, take a stroll or bike ride around the local area.
Speak to your motor insurer: If you have a car, your insurance premium may increase if you move to an area with a higher crime rate, or are trading off-street parking for on-street parking.
Check transport links: Consider the availability of public transport services, like local bus routes or the frequency of train services from your nearest station. Even if you drive everywhere, this information will be useful for anyone coming to visit you who doesn’t.
Check connectivity: If you are a heavy internet user, check the broadband speeds available in the area you’re moving to. The selling agent should be able to provide this information
DATA PRIVACY NOTICE FOR CLIENTS
Europa Estates and Finance are committed to protecting and respecting your privacy.
This policy sets out the basis on which any personal data we collect from you, or that you provide to us, will be processed by us. Please read the following carefully to understand our views and practices regarding your personal data and how we will treat it.
The rules on processing of personal data are set out in the General Data Protection Regulation (the GDPR)
We use your personal data to provide a service with regards to yourself obtaining finance, normally for the purchase of a property or for insurance quotes.
We will collect information from you when you become our customer or contact us in person by telephone, by email, by post, by fax or by social media.
The personal data processed by Europa Estates and Finance is your name, address, telephone numbers, email address, bank account details ,wage slips, business accounts, credit files and passport or driving licence for identification.
We have obtained your personal data from information provided by yourselves and not from publicly accessible sources.
We collect information about you to process your application in order to obtain you the best deal.
Your information will only be used in the following ways
• To undertake credit checks for the purpose of assessing our clients credit risk
• To comply with our contractual obligations to you
• To deal with any queries, complaints or problems reported by you
• For payment verification and debt recovery
• To debt collection agencies or to the court if necessary
• To draw up your fee agreements.
. To present to lenders who you may be eligible to obtain fiance with.
Your personal data will be treated as strictly confidential and will not be kept for any longer than is reasonably necessary for as long as we are required to keep it by law.
We take appropriate security measures to safeguard your personal information from unauthorised access and disclosure.
Unless subject to an exemption under the GDPR you have the following rights with respect to your personal data
• The right to request a copy of the personal data which we hold about you
• The right to request that we correct any personal data if it is found to be inaccurate or out of date
• The right to request that your personal data is erased where it is no longer necessary to retain such data
• The right to withdraw your consent to the processing at any time where consent was your lawful basis for processing the data
• The right to request that we provide you with your personal data and where possible to transmit that data to another data controller (known as the right to data portability)
• The right, where there is a dispute in relation to the accuracy or processing of your personal data, to request a restriction is placed on further processing
We do not transfer personal data outside the EEA
We do not use any form of automated decision making in our business
If you have any concerns regarding the management of your personal data please first contact us at
If we are unable to resolve your issue you have the right to report your concerns to the Information Commissioner at ico.org.uk/concerns
Sign to acknowledge the above.
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