Think carefully before securing other debts against your home.  
Your home may be repossessed if you do not keep up repayments on your mortgage

Like the property and want to make a formal Offer?

Estate agents have a contract with the vendor to get the best possible price. Good agents will also look after the buyer in an effort to secure the sale where both parties are happy. It is a compromise of finding a strong buyer at the right price versus the highest unqualified bidder.

As a buyer, it can be tempting to offer full asking price or even higher

Max Mortgages suggest your initial offer is what you feel the property is worth.  It doesn’t matter if you are a first time buyer, a homeowner or a seasoned investor.  No point overpaying unless the property offers additional benefits that are pertinent to you.  Properties close to a good transport links and schools always go for a touch more. You can always increase your offer as part of the negotiations if you feel it is worth securing that property. Remember you may reside in that property and area for many years, and therefore it can be shame to lose out for the sake of a few thousand pounds if it ticks all the right boxes.  But making an offer, even if it is slightly low will help register your interest and open the dialogue.

They may reject your offer, ask for a revised offer or accept it.  But any which way, you have registered your interest in that property.  Worst case they say NO or your pick up a bargain.  Ask and you may get!

If you are in rented accommodation and have some flexibility as to when you actually complete the purchase, make this clear to the vendor as this flexibility may be desirable to them, and put you in a better position even if your offer isn’t the highest.  And if you have been qualified by a mortgage advisor such as us who can confirm your budget, this further aids your bid.

So put the agent or vendor in touch with us so we may confirm your credentials.

You may employ us to secure you a mortgage, but with genuine industry experience and commercial awareness, we certainly can be a valuable point of contact for a lot more.

Ready to take the next step? Click Here