3 easy ways to reduce the stress of buying a home

Stressed man

When you consider the stressful factors in modern life, you might feel overwhelmed at times.

The UK’s current cost of living crisis, compounded with two years of the Covid-19 pandemic and the ongoing war in Ukraine, could be enough to make you feel stressed day-to-day.

What you may not have considered, though, is that even positive life milestones can cause stress too. Indeed, research published by Mortgage Strategy magazine claims that one major achievement – buying a home – is described by many as even more stressful than having Covid-19.

This survey concluded that 85% of homebuyers felt the process was stressful at times, of which 27% described the process as “very stressful”.

So, here are three ways to feel less stressed about buying a home, so you can enjoy this milestone for the amazing achievement it is.

1. Prepare far in advance of your mortgage application

When you apply for a mortgage in 2022, you may need to make extra preparations in order to boost your chances of securing the deal you want.

In the first quarter of 2022, many lenders began tightening their mortgage lending criteria in response to rising inflation in the UK. This could mean it’s harder to secure the mortgage deal you want. So, preparing far in advance of your mortgage application, by saving a larger deposit, for example, could help you meet the more stringent criteria.

In addition, you could secure an agreement in principle (AIP). We can help you to obtain an AIP to help you figure out the kind of mortgage you might be able to afford.

If you are concerned about applying for a mortgage in an uncertain time, contact us today. We can assess your options and find the most appropriate lender for you.

2. Take your time

One way you could reduce the stress of buying a home is to accept that sometimes, finding the right home takes a long time.

Often, homebuyers put pressure on themselves to find their dream home in a fixed amount of time. Of course, there could be viable reasons for this – your term might be ending on a rental property, or you might want to purchase a home before house prices rise again.

However, putting a deadline on finding an affordable, beautiful home you love can cause immense amounts of stress. By taking your time with this process, you could find yourself adopting a more relaxed approach. Plus, you could avoid cutting corners and making rushed decisions, which could cause stress both in the short and long terms.

3. Work with a professional

Ultimately, buying a home can be a complex process, especially in the uncertain times we are experiencing at the moment.

Working with a professional could reduce your stress when you buy a home, even if you have been through this process before. A seasoned mortgage expert can help shoulder some of your financial stress by providing guidance from start to finish, and can instil you with the confidence you need to acquire the home you want.

If you are buying a home in 2022, get in touch. Email [email protected] or call 0131 339 2281 to speak to us.

Please note

Your home may be repossessed if you do not keep up repayments on a mortgage or other loans secured on it.

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