As of the 2nd of July 2018, I am officially a home owner, for the first time! At the age of 21 I'm proud to say I have saved enough money to put down a deposit and purchase my first home.
Saving the money for my deposit wasn't easy. It took a lot of hard work, time and determination. But in the end I have my own home, a place to call my own. I can now decorate it how I'd like, and nobody an judge me for still being in my PJ's at 5pm on a Tuesday! Result!!!
I thought I'd give a timeline of all of the major points in my house buying process. I'm going to of missed little details out, but I think this summerises the purchasing timeline pretty well.
I was lucky with how smoothly my purchase went, as I know a lot of people can have many problems along the way. My journey started on the 9th May, and ended on the 2nd July.
Wednesday 9th May
After refreshing Right Move DAILY, finally a house in an area I liked, within my price range and close to my place of work came onto the market. That day I rang the Estate Agents and booked a viewing for the following evening.
Thursday 10th May
I went and viewed the house, It turns out I was the first person to view! I loved it, and fell in love instantly.
That evening I went home and discussed the house with my parents and came to a decision on what I was going to do next.
Friday 11th May - AM
That morning I sent a text to a mortgage advisor I'd met previously, and asked for his advice and support. He was great and agreed to help me! I went to his office that dinner time before having to be at work for 1pm.
We discussed how much money I could borrow for my mortgage and made sure my figures matched up. He then rang the estate agents on my behalf to place an offer for me.
I placed an offer below the asking price, a gamble as someone could get in before me with a better offer. But if you don't ask you don't get!
Friday 11th May - PM
MY OFFER GOT ACCEPTED!!!!! AHHHH!!!! I remember being so happy at work...My offer for my very own home had got accepted, and below asking price!
Sunday 13th May
I'd booked to meet with my mortgage advisor again on Sunday afternoon. During this meeting we submitted my mortgage application, and he sorted out house and critical life insurance for me.
Monday 14th May
The surveys for my mortgage were sent out on this day. I didn't pay for any additional surveys, I just did the standard one which all mortgages require. (As my house is only 20 years old, I didn't feel it was necessary for the more extensive checks. Obviously if I had the money I probably would of paid for them!) About a week later I found out that all of the checks came back ok!
Wednesday 16th May
On this day I picked my solicitor to work with me throughout the process. During this week I was given a lot of forms to fill out! It took a while to get all of the relevant paper work together, and I felt a little stressed at this point.
Thursday 24th May
After handing the forms back, and waiting what seemed like an eternity for all of the checks to come back, I finally had my mortgage offer approved. It was official, my bank was going to lend me money! I also received another set of forms this week to take home and fill out.
Saturday 2nd June
On my way into work I called in with my bank and closed my Help To Buy (H2B) ISA. I'd been saving into this account since when the H2B started. It's recommended you close your H2B ISA as soon as you can in the house buying process, as it can take up to a month for your solicitor to claim your reward from the government, and obviously you want the money for when you move in! I was fortunate enough to receive the money soon enough to pay my solicitors at the end.
Monday 4th JuneI handed in proof that I'd closed my H2B ISA so the solicitor could start the ball rolling with claiming my reward for saving. I also handed in all remaining paper work.
Tuesday 19th June
After a few weeks of not hearing much from the solicitor, I received an email inviting me to come in and sign for my house the following Monday!! I was also given a completion date of the 29th June!! All of a sudden it happened so fast. I now had 10 days to pack everything up!
Monday 25th JuneThe day had arrived for me to go and sign for my house at the solicitors, well that's what I thought. I arrived to be told I wouldn't be signing today due to complications with the seller's solicitors, and that my move in date had been moved to the following Monday - 2nd July! Therefore I'd be both exchanging and completing on the same day! Something I was always advised not to do - so I had everything crossed that all would go smoothly.
Monday 2nd JuneAfter a week of packing, boxes and stress it was finally time to go and pick up my keys! The solicitor rang me around 1230 to say they were ready for collection from the estate agents. So me and my sister drove there to get them! I was officially a home owner!
It's now coming towards the end of my first month as a home owner, and I still can't put into words how surreal it is that I own a home! Me?! Little 21 year old me owns their own home...
I do apologise for being a little M.I.A this month - but I'm sure you can understand. Now I'm motivated again to put my all into my blog.
If you have any suggestions for posts then feel free to leave a comment or message me on Instagram, my handle is @TheSkintMillennial.
As of the 2nd of July 2018, I am officially a home owner, for the first time! At the age of 21 I'm proud to say I have saved enough money to put down a deposit and purchase my first home.Saving the money for my deposit wasn't easy. It took a lot of hard work, time and determination. But in the end I have my own home, a place to call my own. I can now decorate it how I'd like, and nobody an judge me for still being in my PJ's at 5pm on a Tuesday! Result!!!
I thought I'd give a timeline of all of the major points in my house buying process. I'm going to of missed little details out, but I think this summerises the purchasing timeline pretty well.
I was lucky with how smoothly my purchase went, as I know a lot of people can have many problems along the way. My journey started on the 9th May, and ended on the 2nd July.
Wednesday 9th May
After refreshing Right Move DAILY, finally a house in an area I liked, within my price range and close to my place of work came onto the market. That day I rang the Estate Agents and booked a viewing for the following evening.
Thursday 10th May
I went and viewed the house, It turns out I was the first person to view! I loved it, and fell in love instantly.
That evening I went home and discussed the house with my parents and came to a decision on what I was going to do next.
Friday 11th May - AM
That morning I sent a text to a mortgage advisor I'd met previously, and asked for his advice and support. He was great and agreed to help me! I went to his office that dinner time before having to be at work for 1pm.
We discussed how much money I could borrow for my mortgage and made sure my figures matched up. He then rang the estate agents on my behalf to place an offer for me.
I placed an offer below the asking price, a gamble as someone could get in before me with a better offer. But if you don't ask you don't get!
Friday 11th May - PM
MY OFFER GOT ACCEPTED!!!!! AHHHH!!!! I remember being so happy at work...My offer for my very own home had got accepted, and below asking price!
Sunday 13th May
I'd booked to meet with my mortgage advisor again on Sunday afternoon. During this meeting we submitted my mortgage application, and he sorted out house and critical life insurance for me.
Monday 14th May
The surveys for my mortgage were sent out on this day. I didn't pay for any additional surveys, I just did the standard one which all mortgages require. (As my house is only 20 years old, I didn't feel it was necessary for the more extensive checks. Obviously if I had the money I probably would of paid for them!) About a week later I found out that all of the checks came back ok!
Wednesday 16th May
On this day I picked my solicitor to work with me throughout the process. During this week I was given a lot of forms to fill out! It took a while to get all of the relevant paper work together, and I felt a little stressed at this point.
Thursday 24th May
After handing the forms back, and waiting what seemed like an eternity for all of the checks to come back, I finally had my mortgage offer approved. It was official, my bank was going to lend me money! I also received another set of forms this week to take home and fill out.
Saturday 2nd June
On my way into work I called in with my bank and closed my Help To Buy (H2B) ISA. I'd been saving into this account since when the H2B started. It's recommended you close your H2B ISA as soon as you can in the house buying process, as it can take up to a month for your solicitor to claim your reward from the government, and obviously you want the money for when you move in! I was fortunate enough to receive the money soon enough to pay my solicitors at the end.
Monday 4th JuneI handed in proof that I'd closed my H2B ISA so the solicitor could start the ball rolling with claiming my reward for saving. I also handed in all remaining paper work.
Tuesday 19th June
After a few weeks of not hearing much from the solicitor, I received an email inviting me to come in and sign for my house the following Monday!! I was also given a completion date of the 29th June!! All of a sudden it happened so fast. I now had 10 days to pack everything up!
Monday 25th JuneThe day had arrived for me to go and sign for my house at the solicitors, well that's what I thought. I arrived to be told I wouldn't be signing today due to complications with the seller's solicitors, and that my move in date had been moved to the following Monday - 2nd July! Therefore I'd be both exchanging and completing on the same day! Something I was always advised not to do - so I had everything crossed that all would go smoothly.
Monday 2nd JuneAfter a week of packing, boxes and stress it was finally time to go and pick up my keys! The solicitor rang me around 1230 to say they were ready for collection from the estate agents. So me and my sister drove there to get them! I was officially a home owner!
It's now coming towards the end of my first month as a home owner, and I still can't put into words how surreal it is that I own a home! Me?! Little 21 year old me owns their own home...
I do apologise for being a little M.I.A this month - but I'm sure you can understand. Now I'm motivated again to put my all into my blog.
If you have any suggestions for posts then feel free to leave a comment or message me on Instagram, my handle is @TheSkintMillennial.
Saving the money for my deposit wasn't easy. It took a lot of hard work, time and determination. But in the end I have my own home, a place to call my own. I can now decorate it how I'd like, and nobody an judge me for still being in my PJ's at 5pm on a Tuesday! Result!!!
I thought I'd give a timeline of all of the major points in my house buying process. I'm going to of missed little details out, but I think this summerises the purchasing timeline pretty well.
I was lucky with how smoothly my purchase went, as I know a lot of people can have many problems along the way. My journey started on the 9th May, and ended on the 2nd July.
Wednesday 9th May
After refreshing Right Move DAILY, finally a house in an area I liked, within my price range and close to my place of work came onto the market. That day I rang the Estate Agents and booked a viewing for the following evening.
Thursday 10th May
I went and viewed the house, It turns out I was the first person to view! I loved it, and fell in love instantly.
That evening I went home and discussed the house with my parents and came to a decision on what I was going to do next.
Friday 11th May - AM
That morning I sent a text to a mortgage advisor I'd met previously, and asked for his advice and support. He was great and agreed to help me! I went to his office that dinner time before having to be at work for 1pm.
We discussed how much money I could borrow for my mortgage and made sure my figures matched up. He then rang the estate agents on my behalf to place an offer for me.
I placed an offer below the asking price, a gamble as someone could get in before me with a better offer. But if you don't ask you don't get!
Friday 11th May - PM
MY OFFER GOT ACCEPTED!!!!! AHHHH!!!! I remember being so happy at work...My offer for my very own home had got accepted, and below asking price!
Sunday 13th May
I'd booked to meet with my mortgage advisor again on Sunday afternoon. During this meeting we submitted my mortgage application, and he sorted out house and critical life insurance for me.
Monday 14th May
The surveys for my mortgage were sent out on this day. I didn't pay for any additional surveys, I just did the standard one which all mortgages require. (As my house is only 20 years old, I didn't feel it was necessary for the more extensive checks. Obviously if I had the money I probably would of paid for them!) About a week later I found out that all of the checks came back ok!
Wednesday 16th May
On this day I picked my solicitor to work with me throughout the process. During this week I was given a lot of forms to fill out! It took a while to get all of the relevant paper work together, and I felt a little stressed at this point.
Thursday 24th May
After handing the forms back, and waiting what seemed like an eternity for all of the checks to come back, I finally had my mortgage offer approved. It was official, my bank was going to lend me money! I also received another set of forms this week to take home and fill out.
Saturday 2nd June
On my way into work I called in with my bank and closed my Help To Buy (H2B) ISA. I'd been saving into this account since when the H2B started. It's recommended you close your H2B ISA as soon as you can in the house buying process, as it can take up to a month for your solicitor to claim your reward from the government, and obviously you want the money for when you move in! I was fortunate enough to receive the money soon enough to pay my solicitors at the end.
Monday 4th JuneI handed in proof that I'd closed my H2B ISA so the solicitor could start the ball rolling with claiming my reward for saving. I also handed in all remaining paper work.
Tuesday 19th June
After a few weeks of not hearing much from the solicitor, I received an email inviting me to come in and sign for my house the following Monday!! I was also given a completion date of the 29th June!! All of a sudden it happened so fast. I now had 10 days to pack everything up!
Monday 25th JuneThe day had arrived for me to go and sign for my house at the solicitors, well that's what I thought. I arrived to be told I wouldn't be signing today due to complications with the seller's solicitors, and that my move in date had been moved to the following Monday - 2nd July! Therefore I'd be both exchanging and completing on the same day! Something I was always advised not to do - so I had everything crossed that all would go smoothly.
Monday 2nd JuneAfter a week of packing, boxes and stress it was finally time to go and pick up my keys! The solicitor rang me around 1230 to say they were ready for collection from the estate agents. So me and my sister drove there to get them! I was officially a home owner!
It's now coming towards the end of my first month as a home owner, and I still can't put into words how surreal it is that I own a home! Me?! Little 21 year old me owns their own home...
I do apologise for being a little M.I.A this month - but I'm sure you can understand. Now I'm motivated again to put my all into my blog.
If you have any suggestions for posts then feel free to leave a comment or message me on Instagram, my handle is @TheSkintMillennial.
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