Struggling To Afford Your Move?*

*This is a collaborative post*

Are you struggling to afford to move? If so, then we’re not surprised, and it’s nothing to be ashamed of. Whether you’re a first time buyer who massively underestimated the price of moving out, or whether you’re someone who has already been on the property market but is just struggling with the money side of things, we’ve got you. We know the price of moving out can just seem to add up and up, and when it does it can cause far more stress than it is actually worth. So, if you’re struggling to afford your move, we’ve got some money busting tips that should help to make it so much easier for you financially. You’ll definitely still have the famous moving stress looming over you, but at least you won’t have to worry about money. Have a read on to find out more.

Figure Out The Finances

This should be done before you even begin looking at houses to rent or buy. You need a clear indication of how much money you’re going to need to spend where, even for the smaller things such as the solicitor and estate agent fees you’re going to have to pay. Trust us, they’re a lot more expensive than you think! Do not go for a house that is out of your price range just because you fall in love with it. Even if you borrow the extra money to cover the deposit, there’s still the issue of maintaining a more expensive home. Some people struggle to borrow money for the move due to bad credit scores, which then makes it even harder to rent or get a mortgage. If you’re looking to borrow money, we recommend guarantor loans from Buddy Loans to make sure you definitely get the loan. You can also put a guarantor down when renting to make sure you get approved, but it’s just not that simple if you’re going to get a mortgage. Mortgage advisors will shut you down right away, and will most likely tell you that you’ll be rejected from mortgage offers. If you do get accepted, the interest rate will likely be so high. It might be worth improving your credit score for a few months before you do actually decide to move.

Stop Splashing So Much Cash

We’re not talking about the price of buying a house here, we’re talking about all of the things you could possibly buy to go in it that will be draining your finances. Whether it’s your first time moving or not, having a new home flips a switch in our head that demands us to buy new things as well. Well, you need to unflip that switch and cut corners where you can. See if family members have some items that they would like to donate, and see if you can get any secondhand items that look brand new! Stay away from sites that allow you to buy now and pay later. You’ll always get suckered into them!

Hopefully after reading this you’ll know how to better prepare yourself financially with a move! Good luck!

*Post contributed by Sam Jones *Images via Pexels and Flickr

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