Information for buyers
You have decided to buy a home – but what next?
The maze of legal work, negotiations, dealing with surveyors and solicitors, finding a good mortgage deal and worrying about your deal falling through, on top of actually hunting down the home of your dreams, is enough to make anyone's hair stand on end.
Buying a house is one of the biggest financial decisions you will make in your life. It is a lengthy and complicated business, which while exciting is often fraught with stress and worry. But luckily there is a lot of good advice around helping you to make your home-buying experience as easy and problem-free as possible.
After finding a home you like, which can take anything from a few days to many months, the process from having your offer accepted to completion of the sale takes about 12 weeks. This is about twice as long as in many other countries - home-buying in Britain is a notoriously drawn-out business.
It is important to have a good understanding of the process as
it will help you avoid some of the most common hazards of
- Work Out How Much You Can Afford
- Get a Mortgage Agreement in Principle
- Choose Your Home
- Hire a Solicitor
- Make an Offer
- Have a Survey and Valuation Done
- Do Any Necessary Legal Work
- Arrange for Life Assurance
- Finalise Your Mortgage
- Exchange Contracts
- Organise Your Move
- Finalise Your Contract Details
- Move In!