It’s hard to find a new home. You don’t know where to start, and you’re not sure what you need to know about the city.
You are not alone. Did you know that 40% do know when to start when getting on the property ladder?
It’s tough looking for a new home. Not only do you have to worry about finding the right place, but you also have to worry about whether or not the city is right for you.
We’ve got your back.
In this article, we’ll tell you everything you need to know before starting your search for a new home in Manchester. Plus, we’ll give you some tips on how to make the process easier for yourself.
What You Need to Know about Manchester Before You Start your Search:
Manchester is a city on the rise.
With an influx of new businesses and young professionals, the demand for the construction of new homes in and around the city has never been higher.
Even the pandemic hasn’t been able to touch its growth boom, which reached an all-time record for the number of houses built in one year in 2021!
New homes in Manchester are a multibillion-pound industry, and investments are only increasing as developers recognise the city’s potential.
Both in the city itself and in the surrounding areas of Greater Manchester, developers are building beautiful new homes at reasonable prices, perfectly suited to first-time buyers and those looking for a new build to be their dream home
How to Look for a New Home in Manchester?
Use GOTL – Online Property Portal:
When looking for new houses in Manchester, it is well worth using an online property portal.
Getting On The Ladder is one of the newest and innovative property finding websites.
The website is trusted by many new home buyers all over the UK and provides a growing number of properties every month.
Getting on The Ladder will give you access to a wide range of properties all in one place, making it much easier to find your perfect home.
The portal also provides useful features such as the ability to filter search results by price, number of bedrooms, and other criteria.
This can save a lot of time compared to trawling through individual estate agent websites.
Another benefit of using a property search platform such as Getting On The Ladder is that you can often view properties before they are even listed on the market.
This means you could get your dream home before anyone else has even seen it!
Look For Mortgage Options
Sources we might use:
For new home buyers, looking for mortgage options during inflation might be challenging but feasible. Inflation can erode the purchasing power of a currency, making it more difficult to afford a mortgage.
However, there are a number of mortgage options available that can help offset the effects of inflation.
One option is an adjustable-rate mortgage, which typically has a lower interest rate than a fixed-rate mortgage.
As inflation increases, so does the interest rate on an adjustable-rate mortgage, making it more expensive.
However, if inflation is expected to rise only moderately, an adjustable-rate mortgage could still offer significant savings.
Check the Stamp Duty:
When researching the desired area, there are few things to take into consideration:
The stamp duty is the taxes you pay after your property purchase. It’s a progressive tax, which means that there are different rates for different prices of homes or land – so it can be tricky to figure out how much this will cost!
There are 3 levels of Stamp Duty:
- Under £125,000 : you will pay zero Stamp Duty.
- You will pay 2% on the next £125,000.
- For the next £700,000 to £925,000 you need to pay 5%.
Conclusion
Looking for a new house in Manchester?
Do not stress. With our tips above, you can easily find a property that meets your needs and that you can afford.
Start your search today with Getting On The Ladder
