|
|
HOUSE
BUYING & MORTGAGE GUIDE
Ten
steps to house buying success:
-
Good
Advice - whether
you're buying a home for the first time or moving, it is important
that you get some good advice. For information you can trust,
contact us now.
-
How
Much Can You Afford ?
Before
you start looking for your new home, you should find out how much
you could borrow, what your repayment will be and how much you can
afford to repay each month.
-
Start
House Hunting
Find
the area you want to live in and register with a few estate
agents. All reputable estate agents will take your details and get
in touch as soon as suitable properties come onto the market.
When
viewing a property, don't be afraid to ask essential questions,
like "what are the neighbours like?" and "is the
damp proofing guaranteed?". Have a good look at things like
double glazing, the boiler, the shower and the roofing. Take a
checklist of things to look out for so that you don't forget
anything.
-
Making
An Offer
If
you are interested in a property, make an offer to the seller's
estate agent. If your offer is accepted, it will be on the basis
of being 'subject to contract'. This means that you and the seller
have agreed in principle to go ahead with the transaction but
neither parties are yet legally bound.
-
Mortgage
Application
You
can apply for your mortgage now. All you have to do is fill
out our online application form. We're agents to independent mortgage brokers, so we can give you the best
advice from over 1000 mortgage schemes available. Our service is
friendly and personal and in many cases, there are no fees!
-
Arrange
Survey
Your
mortgage provider or estate agent will usually arrange for a
survey on the house to be carried out for you. The survey will
highlight any alterations that must be done to the house before
you can get the mortgage and whether the offer you have made is
realistic.
-
Conveyancing
You
will need to employ a Conveyancer who will cover things like
checking legal documents relating to ownership of the property and
making local authority searches to find out if there are any plans
in the pipeline that would adversely affect the property and its
value. Your Conveyancer will also handle the actual purchase of
the property and will be able to tell you all the costs involved.
-
Exchange
Of Contracts
Once
your Conveyancer has completed all the legal checks and gives you
the go ahead, you'll be able to sign the contract. The seller
signs an identical contract and your respective Conveyancers swap
these signed documents in what's known as 'exchange of contracts'.
At this point, both you and the seller become legally bound.
You have to pay a deposit at this stage - through your Conveyancer.
This is usually 10% of the purchase price but can be less. As
you're now committed to the deal you could lose your deposit if
you pull out after exchanging contracts.
-
Completion
When
contracts are exchanged, a date is set for completion - the day
the property becomes yours. On completion, the balance of the
purchase price is paid to the seller's Conveyancer in return for
the title deeds of your new home.
-
Success
!
You've purchased your new home ... simply start planning
your move and your house-warming party.
|
|
 |
|
|
Your
home is at risk if you do not keep up repayments on a
mortgage or other loan secured on it |
|
|
|
Adverse Credit
Considered !
CREDIT
&
DEBIT CARD
SOLUTIONS
Adverse Credit &
EVEN Bankrupts Considered !
CLICK HERE
|
|
|
|
 |
|
