Given that mortgage rates have reached a 33-year high, it has become increasingly important to make wise investment choices. This holds especially true for first-time buyers, as they are currently allocating approximately two-thirds of their net income toward mortgage payments. Consequently, it is more crucial than ever for individuals to ensure they make the right property purchase at the right price. Any compromises made now may have a magnified impact when it comes time to sell in a challenging market.
Yahoo Finance speaks to Rhianne Mcilroy, Prime Central & South West London advisor, about important things to consider when you start your search. “Location is always the first and foremost factor,” says Rhianne. “You can add to and improve your home, but you can’t move it.”
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