Nine questions first time home buyers should ask to save up to 20,676 | Personal Finance | Finance [Video]

Hidden expenses can turn a dream purchase into a financial nightmare but how can you avoid these pitfalls?

Top tips on how buyers can avoid spending as much as £20,676 on dealing with unexpected issues have been identified by online mortgage brokers, Mojo Mortgages.

Top tips for first-time buyers:

What is the Energy Performance Certificate (EPC) rating? Potential unexpected cost: £7,499

While the property listing often includes an Energy Performance Certificate rating, it’s important to verify this. The EPC rating provides valuable insights into the energy efficiency of a property, helping you anticipate monthly energy costs more accurately. Only 43 percent of homeowners have an EPC banding of C and above, which is considered efficient. Government data shows that an EPC rating of C increases the property‘s value by an average of 10 percent.

How old is the boiler, and when was it last serviced? Potential unexpected cost: £4,500Boilers typically account for …