

Avoiding the Hidden Pitfalls of UK Homebuying
7 snips May 20, 2025
In this discussion, Anthony Emmerson, director of Trinity Financial and a mortgage specialist, shares insights into the often-overlooked aspects of homebuying in the UK. He emphasizes the importance of understanding hidden costs beyond the deposit, such as stamp duty and potential survey limitations. The conversation highlights the need for securing a mortgage in principle, the roles of brokers and solicitors, and warns about challenges like gazumping. Emmerson’s expertise gives first-time buyers a clearer path through the complexities of the property market.
AI Snips
Chapters
Transcript
Episode notes
Tailor Mortgage After House Selection
- After finding the house you want, start drilling down on the mortgage product and loan size suitable for it.
- Consider holding back some deposit for renovations and choose a mortgage rate accordingly.
Account for Hidden Buying Costs
- Budget for additional costs besides deposit, like stamp duty, surveys, and solicitor fees.
- Know the three survey types and choose based on property type and inspection depth needed.
Limits of Property Surveys
- Surveys serve as a guide to potential issues but often miss hidden problems due to limitations.
- Further specialist inspections are usually necessary to uncover full property condition.