Being a first-time buyer is something that most people have worked hard to achieve, and if you are at the point where you are ready to buy your first home, as well as being excited you may also feel slightly overwhelmed, and unsure of how to go about the process of buying your own home.
Owning your own home gives you that stable base to build on, and getting on the property ladder helps you to build equity, which then allows you to move up the ladder, and progress to more expensive properties.
Choosing your first home and dealing with all of the different requirements to ensure that you get the keys can seem very complicated – here are some of the things that you need to do if you are at the point where you are ready to buy…
Get a Mortgage Offer – Before you do anything, you need to speak to a mortgage lender and get an offer which is known as a mortgage in principle. Speaking to an independent mortgage advisor is a good idea if you want to get plenty of information on this and discuss all of your options beforehand. They will also be able to look at what you are likely to be offered.
Once you have your mortgage in principle, you can then start to look at properties.
Choosing a property – Choosing your first home and viewing properties is exciting, but to make sure that you choose the right place for you, have a think about what you need from your home. The location needs to be suited to your needs, which may be commuting for work, such as being near public transport for example.
Once you know what you are looking for, you can register with estate agents in the area who will be able to let you know if something comes up that they think you might be interested in.
Get a Conveyancing Solicitor – Once you have found a property and agreed to buy it, you will need to get a conveyancing solicitor like this conveyancing solicitors Cheltenham based company https://www.deeandgriffin.co.uk/services/conveyancing to deal with the many legal requirements that are part of buying a property. This includes primary searches, as well as dealing with the seller’s solicitor and ensuring that you have all of the paperwork that you need to exchange contracts.
Agree on a Date – Once the process has been completed, it will be time for you to get a moving date. This means that you can start to arrange things like a removals company and also make arrangements with suppliers like broadband and energy suppliers.
