PropertyWiz
Completing and Moving In
All that remains after exchanging contracts is to pay over the money needed to buy the property, less any deposit already paid at exchange, on the agreed date. Your solicitor will get the mortgage funds direct from the lender and the remainder (if any) from you, and then pass it all on to the seller. [...]
Exchanging Contracts
With your survey safely completed and the lender happy with it, you can move to the stage of getting a formal mortgage offer from your chosen lender which will detail all the conditions of the loan. Read this carefully and get your solicitor to explain anything you do not understand. By this time, your solicitor [...]
Instructing a Surveyor
Once your offer has been accepted, a survey is required to assess the property’s condition and value. Your mortgage lender will require at least a basic valuation before allowing your loan to go ahead. In almost every case, we recommend strongly that you get a more detailed report on the condition of the property to [...]
Choosing a Mortgage
Organise your mortgage as soon as you think you have found a new home. A mortgage can take a few weeks to organise and process; you may be able to reduce the delay by getting a decision in principle before you have found your new home to be. The amount you will be able to [...]
Estate Agents
Once you have decided a few options on the home type, where you want to live and what you can afford, it is time to start searching for that home from either local estate agents or an Internet estate agent. Start looking early; this will help you get a feel for the relative costs you [...]
Location, Location, Location
There are various factors that can affect the marketability of your home and should be considered carefully before you buy. It is frequently stated that the three most important factors in property value, desirability and for capital growth are Location, Location and Location. General Location When buying a new home it is, as a rule [...]
Conveyancing – Choosing a Solicitor
If you are a first-time buyer, you need not worry about selling a property before you can move. But you will still need to find an experienced solicitor to carry out the conveyancing on the property you want to buy. If you are selling and buying you will need a solicitor for both parts of [...]
Buying a property
The first thing you need to decide when you buy your new home is what sort of area you want to live in. Make a list of the things that matter, such as: having a good school nearby, good or convenient local transport links, shops or restaurants. The following list includes a number of factors [...]
