The government’s Help to Buy scheme has helped thousands of people to move into their new homes, enabling many to step onto the property ladder for the first time, but in light of the OECD’s recommendation that the scheme be scaled back in order to keep property price rises under better control, it might be a good idea to take advantage of this scheme while you still can. Rules for mortgage lending have already been getting stricter, and the Bank of England could decide to do more to tackle rising prices when its Financial Policy Committee meets in June.
Help to Buy was designed to be particularly useful for first time buyers, especially for those who are moving into a new build or looking for a mortgage that will allow them to make a smaller deposit. Overcoming the financial barriers to home ownership is a major step towards getting into your first house or flat, but there are many more steps to take before you will be settled into your new home. Even when you have navigated your way through all of the different stages of the buying process up to the exchange of keys, you still have to go through the actual move.
If you are a first time buyer moving into your own home thanks to the Help to Buy scheme or through a more traditional mortgage, here are a few tips to make moving in a little easier.
1. Book a removals company that can schedule the move at a time that is right for you. Moving in the evening can be easier for many young first time buyers, since it avoids the need to arrange time off work.
2. For a small, local move, choose a removals company that offers short pricing blocks so that you don’t end up paying for more time than you need.
3. Use delivery services to get new furniture, appliances and other purchases to your new home and reduce your workload. If delivery is not available, or if the store’s service is too expensive, consider hiring a man and van to pick large items up for you. Try to spread the deliveries out over several days if you are moving out of furnished accommodation and need to buy everything new, but make sure the essentials will be delivered first.
4. Second hand furniture and gifts or unwanted items from friends and family can keep down the costs of furnishing your new home, but it is still sensible to include any items you need to buy in your budget when you start thinking about buying.
5. Don’t forget to arrange your new utilities and to notify everyone of your change of address, including your mobile phone company and the DVLA as well as your grandparents.