8 key things to think about if you are buying a home in 2025
8 key things to think about if you are buying a home in 2025
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The start of the year is often a time when many potential home buyers decide it’s time to finally put their plans into action. According to recent research from Zoopla, there’s a bumper of home transactions set to complete in the early months of 2025.
The property website saw the biggest pipeline of sales at the end of the year for four years in 2024. This could be a reflection of buyers and sellers returning to the market, having previously put off some moving decisions in the face of higher mortgage rates.
But when you’re starting out on looking for a new property, it can be easy to overlook some things that can be stumbling blocks later on. Preparing in advance could help to ensure smoother sailing for some would-be buyers, so here are some expert tips to help house hunters navigate potential obstacles along the way:.
1. Get your paperwork together. Self-employed borrowers may need to make particular plans when showing proof of income. Ryan Etchells, chief operations officer at specialist mortgage lender Together, says high street lenders may want to see proof of income running back over the long-term, adding: “This can prove tricky for people who, for example, may have just started up their own business or for people such as freelancers, company directors or consultants, whose income may not be paid into their bank account on the exact same day every month.”.
