It’s ‘Feel Good Friday’ everyone…
Okay, we admit it. There’s not a huge amount to feel good about at the moment is there? This is why we wanted to share a ‘Feel Good Friday’ news story with you all. Despite the ongoing pandemic, happy things are still happening and our client Aaron is fantastic proof of this.
Setting Achievable Goals
Two years ago, Aaron came to The Mortgage Quarter for some advice. After years of renting a shared house, he was determined to get onto the property ladder and buy a home of his own. After sitting down with him, chatting through his personal circumstances and working out exactly what he wanted to achieve, we helped him set manageable goals to work towards.
Aaron had a good idea of the location and type of property he wanted to purchase. After breaking down the figures, together we set a target amount for him to save each month, based upon his earnings.
During the next two years, Aaron was determined to achieve this dream. He took on any additional hours offered to him at his workplace, worked hard and saved even harder. During this time he also became debt-free to help with his affordability.
Taking the next step
During the beginning of 2020, Aaron had achieved a 5% deposit and was approved for the Help To Buy Scheme. Our team at The Mortgage Quarter arranged a decision in principle and Aaron went ahead to view numerous, new home sites in Exeter.
In addition to the support and advice given to Aaron, we also supported him in his quest to find the perfect first property. This included giving him tips on how to negotiate and secure the house of his dreams, as well as negotiating additional extras from the house builder, such as carpets being included within the sale price. This kind of additional expense is often overlooked but can cost a home mover thousands of pounds on top of their moving costs.
COVID-19 Delays
Given the extraordinary and highly unfortunate circumstances that Covid-19 has brought, the building work on Aaron’s new home was not kept to schedule and we had to secure two mortgage extensions for the purchase. During this time, we ensured that Aaron was fully protected in the event of illness or death (something that none of us wants to think about, but with the financial obligations that purchasing a house involves, this was a very sensible decision).
The Feel Good Friday Bit…
After two impressive years of saving and working extra hard, Aaron achieved all of the goals we set out together. Despite the unexpected delays of Covid-19, Aaron moved into his new home just in time to celebrate Christmas. The best bit? We even managed to secure him a £500 cashback deal from his mortgage lender! It just goes to show that with a plan in place, a lot of determination and hard work, it really is possible to own your own home.
If you are hoping to move, or jump onto the property ladder but aren’t sure where to start, get in touch by filling out the contact form below.
We will take the time to get to know you, your personal circumstances and help you to put a plan in place so that you can achieve your dreams too!
Contact us for more info
If you’d like help getting on the property ladder or advice on how to save, drop us a message below and a member of our team will get back to you shortly.