Here at Mojo, we pride ourselves on making the mortgage process as easy as possible, but it’s still natural to feel stressed and worried during what’s widely considered to be one of the most stressful times in our lives: buying a house.
Sarah, our Head of HR, shares some advice for managing your stress levels when you’re buying a house.
1. Identify the cause of your stress
If you can, try and work out exactly what’s worrying you. Are you concerned about the amount of debt you’re taking on? Are you worried about being able to afford mortgage payments? Do you have a particular concern about the property you’re buying?
It can be helpful to sort your worries into three categories:
- Those with a practical solution
- Those that will get better with time
- Those that you can't do anything about
You can then focus on anything which falls into category 1, as categories 2 and 3 are largely out of your control.
If you’re feeling worried about aspects of the mortgage process, reach out to your broker. At Mojo, you can chat to someone 7 days a week to alleviate your worries.
For example, if you were concerned about monthly payments, it’s important to remember that in order to be approved for a mortgage, your broker and lender will assess your affordability. They wouldn’t lend you the money if they didn’t think you could pay it back each month. Good brokers will also advise on insurance options to protect your mortgage
Ask your broker how they’d like you to get in touch if you’ve got questions. That way you can act more quickly when you’re stressed about something in particular.
There’s lots you can do to speed up the mortgage process and keep your move running as smoothly as possible – focusing on some of these things is a really good way to channel your energy. Speak to your broker to find out if there’s anything they’d like you to do.
2. Try not to reach for the bottle
While a large glass of red might help you relax in the short run, alcohol changes the levels of certain chemicals in your brain and can actually worsen feelings of stress longer term. Too much booze can also disrupt your sleep pattern and eating habits – two very important factors in stress reduction.
3. Try and get a decent night’s sleep
Easier said than done, we know. But if there’s anything you can do to improve your sleep routine, now’s the time to do it – think about things like avoiding going on your phone in the hour before bed, having a shower to help you relax, and making sure you’re in a dark enough room to sleep properly.
Lots of us find ourselves worrying most in the middle of the night – if that sounds like you, it’s often better to get up and do something to take your mind off it rather than lying there.
4. Take a little bit of time out
Buying a house is all-consuming – after you’ve spent so long saving a deposit, house-hunting and finding the right mortgage deal it’s often the only thing you’re able to talk and think about. If you can, try and take a bit of time out – go for a walk, see family and friends or even go away for the weekend – to give yourself a bit of headspace.
There are lots of apps out there that can help you manage your stress levels during busy periods like house moves. Some of our favourites are:
- Headspace is a meditation app with guided and unguided meditations. You can get ten free sessions, with hundreds more if you love it and want to subscribe.
- Stress Doctor offers stress-busting deep breathing exercises, combined with a heart rate monitor, so you can see the effects of the exercises on your body in real time.
- Stress & Anxiety Companion helps you handle stress and anxiety using breathing exercises, relaxing music and games to help calm the mind and reframe negative thoughts.
- Anxiety Relief Hypnosis helps you target subconscious thoughts using hypnosis and music. Use it daily to see your stress levels decrease.