First-Time Buyers: What You Need to Know in Grantham
Buying your first home is exciting — but it can also feel overwhelming. At David Grace we’ve helped many people across Grantham take their first step onto the property ladder. Here’s a simple guide to get you started.
Money Talk: Mortgages & Deposits
Most buyers use a mortgage – a long-term loan from a bank or building society. You’ll need a deposit, usually 5–15% of the property’s value. The more you put down, the better your chances of getting a great deal.
Other costs to budget for:
Survey & legal fees
Stamp Duty or equivalent
Insurance (buildings & life)
Moving costs & furniture
Council tax & bills
Tip: Buyers don’t pay estate agent fees — sellers do.
Choosing a Financial Adviser
An independent mortgage adviser can access the whole market and won’t usually charge you — they’re paid by the lender. They can also help with:
Insurance
Budget planning
Saving strategies (like setting up automatic transfers)
We work with an independent advisor that we can refer you to.
Finding the Right Home
Think about your must-haves (e.g. parking, office space) and your budget. Use portals like Rightmove and Zoopla — but also register with local agents. We often show homes to registered buyers before they go online.
Top Tips for Viewings
Walk the area beforehand
Prepare questions or a checklist
Don’t worry about surface issues — surveys help you check
If you love it, act fast — good homes don’t wait!
We’re Here to Help
Every buyer is different. Whether you’re just starting or ready to view, we’re here to support you every step of the way.
Call us: 01476 833833
Or pop into our office for a no-obligation chat.