Uk property buying guide
You have decided to buy a home
Whether it is your first, second or umpteenth purchase, a property acquisition can be daunting.
Buying a house is likely to be one of the biggest financial transactions that you make. It can be a lengthy and complicated business, equally exciting as fraught with stress and worry.
Fortunately there is a lot of good advice around and this is where Page & Wells come in.
Whilst always acting for the vendor, it is in the interest of all parties for us to make your home-buying experience as easy and problem-free as possible.
So, where do you start?
How much can I afford?
It may sound obvious but it is surprising how many people start looking without considering sensibly what they can afford to spend. In today’s market conditions, most vendors require their agent to establish the purchasing ability of the buyer.
you require a mortgage you may be asked to produce a certificate to show a mortgage has been agreed in principle.
If you are a first time buyer proof of a deposit may be required.
If you have a house to sell. you need to know it’s value to establish the equity available for your next purchase. Expect to be asked whether you have had it valued, whether it is on the market and if it is, for how long and what interest you have had from buyers? If you are not yet on the market, why not request a free valuation now?
If you are a cash buyer (do not require a mortgage and have nothing to sell), you may be asked to provide proof that the funds are available for your proposed purchase.
So at the outset, where appropriate, see a mortgage advisor. Not every Bank and Building Society offer matching products and terms. Shopping around can save