Homes in London can be expensive, especially for first-time buyers. Experienced real estate professional Nick Millican has helped many first-time buyers to get a home by following these tips.

1. Speak With A Mortgage Advisor

Working with an experienced, independent mortgage advisor can help you address your credit rating issues and know how much money you qualify to borrow. These are guided by real estate experts such as Nick Millican. 

2. Research Homes You Like 

Identify areas where you want to live and places you are willing to live. 

3. Consider Transportation Links

It’s important to choose areas to live that have good transport links nearby.

4. Buy In Regeneration Areas

Choose homes in Canada Water, Brent Cross Town and other regenerated areas where property values are increasing, Nick Millican advises. 

5. Think Long Term

Homes are expensive and difficult to sell. Buy a home you plan to live in for many years. For Nick Millican, this concern is very important.

6. Consider Having A Lodger

Renting out an extra bedroom can bring in thousands of pounds a year. This can help to make paying your mortgage easier.

7. Get A Guarantor

Having family members act as guarantors for your mortgage can help you get better mortgage rates. For Nick Millican, this is a vital concern for every home buyer. 

8. Choose A Home With Potential

Pick a home with a solid foundation, good natural light and lots of space that you can improve on gradually. 

9. Consider The Service Charge

Avoid homes in a development with a high service charge. As Nick Millican explains, an older home may be more affordable. 

10. Prepare To Negotiate

Research local property prices so you can negotiate a good buying price.