The podcast episode from "The First Home Show," hosted by Melissa Barlass, a property lawyer and founder of Conveyed, features Rishi Bhatia from Kria Mortgage Managers. The focus is on the importance of assembling a proficient property team for first-time homebuyers, including legal advisors and mortgage brokers.
They discuss government schemes facilitating easier home purchases, emphasizing the minimal need for a 20% down payment, thanks to options like a 5% savings scheme and lender's mortgage insurance waivers.
Highlighting the role of mortgage brokers, Bhatia notes they provide personalized financial advice, help in navigating government incentives, and protect clients' credit scores. The conversation also covers the critical role of conveyancers and solicitors in reviewing contracts and ensuring seamless transactions.
The episode underscores the necessity of professional guidance in financial planning and legal matters for potential homeowners, aiming to equip them with knowledge and control in the property-buying process.