Buying a property
First time buyers
Judging by the headlines, you could be forgiven for thinking it's all doom and gloom for today's first-time buyers. But there are ways to make it more affordable, such as buying with a partner or friends.
The obvious advantage of buying with someone else is that it allows you to buy a bigger and possibly better home in the area of your choice. However, it's always advisable to rent together first for at least six months first; if there are too many disagreements, it's much easier to walk away from a tenancy agreement than a joint mortgage.
No matter how well you get on with your co-owner, there are risks to be considered. If one of you can't meet your obligations, it will fall upon the other(s) to make up the balance of mortgage payments. You must also consider what you'd do if either of you couldn't work due to illness, lost their job, wanted to move out, or died.
You should seriously consider taking out private health insurance or critical illness cover. It is also worth drawing up a legal contract to cover any eventuality.
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Property buying
- Property buying
- Mortgage calculator
- First time buyers
- Viewing properties
- Putting in an offer
- Property chains
- Property gazumping
See how the property works
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Read about our free property floor plans.
Property buying resources
Below are links to external websites which you may find helpful in the buying of your property in Carmarthenshire, West Wales.
Please bear in mind that Sarah MacBean & Partners estate agents are not responsible for the content or reliability of any of these external websites.