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New Buyers

The Process

Whats known as the process is a complete guide of what happens behind the scenes. This will break down every issue and give you a stage by stage explanation of the steps to buying your home and arrangements with your local advisors.You must also remember that you are under no obligation but our professionals involved will make your move very simple.

The Legalities of Moving

The contract is formed between the buyer and seller, signed and approved by solicitors and witnesses, the contract of agreement, can only be approved when the fees are accountable.

also see legal section in our useful links page

Identifying likely property With the limits of borrowing sorted – start shopping around. Identify an area that you like and start looking. Using your needs, and the amount you can spend, you have a guide to where you will be buying.

Assess your requirements

Work out what you really need – not what you would like – these are often miles apart in reality and affordability. You may need a flat for one person or a house for 6, but you also have to consider other aspects like -

A quiet locations to fit in with your work schedule
Disability problems
Children that need schooling
Access to the motorway system

All these must be taken into account before making your final decision Financial Constraints It is always a good idea to consult an independent financial advisor(IFA) who can guide you through the minefield of which mortgage is best for you, and how much money you can borrow.

Without this information you cannot proceed to realistically look for your home, even though it doesn’t stop you ‘window shopping’.

Hidden Costs?

Your mortgage – all mortgages come with attached costs like surveys to see if the property is sufficiently sound to loan money against, indemnity insurance – to make certain you pay the mortgage

Buying a house will bring additional costs.

Monthly commitments to pay a mortgage, insurance policies, rates, and bills for gas, electric etc.., but also you will have to pay your solicitor who does all your legal work on the purchase. A guide, from a solicitor who has handled work for us in the past, is that buying a Ł70,000 house will cost you about Ł 1,200 (Ł500 from your solicitor and Ł700 stamp duty to the government).

Completing the buying cycle Make an offer against the asking price, on acceptance contact your solicitor, get the details of the seller’s solicitor and provide the homeowner with details about you so that they can contact you if there is a problem. Remember to keep your independent financial advisorabreast of the situation.

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