How to Move Out of Your Parent’s House

It’s a big step to leave your parents’ home. It’s a complex process that necessitates considerable thought. We’ve developed a list of 5 actions for you to take in order to achieve the independence you want.

Read on to find out more!

Getting Your Mortgage in Order

The first step to leaving your parents’ home is to get your mortgage in order. This means finding a mortgage that suits your needs and situation. It’s important to compare different mortgages from different lenders to find the best deal.

You should also make sure that you are able to afford the repayments on the mortgage. This includes considering the interest rates, as well as any fees and charges associated with the loan.

Here’s a couple of tips to ensure that you’re in the best possible position to acquire a mortgage:

Establish Good Credit

One of the key things that lenders look at when assessing a loan application is credit history. It’s important to have a good credit score in order to get the best mortgage deals. You can improve your credit score by making sure you keep up with repayments on any debts you have, and by avoiding any late payments.

You should also try to avoid taking on too much debt. Lenders will take into account your debt-to-income ratio when assessing your loan application. This is the amount of debt you have compared to your income. A high debt-to-income ratio will make it more difficult to get a mortgage.

Save for a Deposit

Another important factor that lenders consider is the size of the deposit. The larger the deposit, the lower the risk for the lender. This means that you’re more likely to get a better deal if you can put down a larger deposit.

If you’re struggling to save for a deposit, there are a number of government schemes that can help. The Help to Buy scheme, for example, offers a loan for buyers of new-build homes.

Determine Your Budget

It’s important to have a clear idea of your budget before you start looking for a mortgage. This will help you to avoid any nasty surprises further down the line.

You should take into account all of your outgoings, including bills, food, travel and entertainment. You should also factor in any debts you have, as well as your deposit and mortgage repayments.

Once you’ve calculated your monthly budget, you’ll be able to start looking for a mortgage that’s affordable for you.

Buy the Essentials

Once you’ve got your mortgage in order, it’s time to start thinking about the essentials you need for your new home. This includes furniture, appliances and any other items you need to live comfortably.

It’s important to only buy the essentials at this stage. You can always add more items later on, once you’ve settled into your new home.

Moving In

The final step is to actually move into your new home. This can be a stressful time, so it’s important to be prepared.

Make sure you’ve arranged all of the necessary utilities, such as gas, electricity and water. You should also notify the relevant authorities, such as the DVLA, of your change of address.

Change the Locks

Once you’ve moved in, it’s always a good idea to change the locks. This will give you peace of mind that your home is secure, as any previous key owners won’t be able to get into your home.

You should also consider getting contents insurance to protect your belongings in case of any accidents or damage.

Consider a Storage Facility

Here at Cubic Storage, we have a great range of storage units to suit your needs. If you’re moving into a smaller home, or you just need some extra space, our storage units are the perfect solution.

We have a number of different sized units, so you’re sure to find one that’s right for you. We also have a range of features and amenities, such as 24-hour access and CCTV – ensuring that whatever you choose to store with us remains safe.

So if you’re looking for somewhere to store your belongings after moving out of your parents’ house, be sure to get in touch with a member of our friendly team today.