There is no denying the fact that as exciting as buying a house is, no matter how many times you might have moved in the past, it is always going to be expensive. Not only are you taking on the most significant financial debt you’re ever likely to have, but there are upfront costs like removals fees, stamp duty, and of course the deposit that need to be factored in. 

Therefore, if you can save money during this process, it’s going to benefit you. You’ll have more to keep back in your savings pot, or you won’t have to borrow quite so much. With that in mind, here are some ways you can save money when buying a house. 

Use A Chartered Surveyor

Some buyers choose to have no condition survey carried out or decide to have a less thorough one because it will save them money. However, the best option is to pay more and have a detailed report carried out by a chartered surveyor. Although you’ll be spending more at the outset, the report is there to unearth any issues with the property, as you can see from this post. 

Knowing that there are some major issues that will need to be dealt with and getting confirmation that the property’s value is correct – or otherwise – can certainly help to save you money. You can renegotiate the price taking into account the money you’ll need to spend after you move in to fix the issues, or you can choose not to proceed and look for another house where you won’t have to spend so much. 

Talk To A Mortgage Advisor

Unless you’re in a very privileged position and you’re able to pay for a new property outright, you’re going to need a mortgage. The first thing most people will do is speak to their bank and get a quote, or even a decision in principle (which is not the same as being approved for a mortgage; it just means that, subject to additional checks, the lender may give you the money you need – they haven’t turned you down). 

This may mean you spend more money than you need to. As with anything, it’s best to shop around for a mortgage to ensure you’re getting a good deal, and the very best way to do this is to speak to a mortgage advisor. Often their advice is free, and they will be able to search many more options than you can, resulting in a better deal with lower monthly repayments, a better interest rate, or even a shorter term. 

Use Government Schemes 

Although usually only open to first-time buyers, some government schemes will help you save money. The most well-known is Help To Buy. This scheme means that, rather than having to pay a 10 percent deposit, you’ll have to pay just five percent, plus you can borrow up to 20 percent of the property’s value from the government to help you. 

There are various schemes, and checking them out before committing to buy anywhere can help save you many thousands of pounds.