Wednesday, April 24, 2024
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Buyers' Guide

Finance

Set A Budget

Calculate your monthly repayment capacity, factoring in various expenses.

Credit Score

Monitor and improve your credit score by ensuring on-time payments.

Shop Around

Speak to a mortgage broker, but also look at lenders’ direct products and search the internet.

Thorough Research

Decide On A Location

Be practical. Think about the commuting time and whether you can afford to buy in the area.

Research The Area

Check out crime statistics, transport links, regeneration and, if relevant, schools.

Search

Register with local estate agents, and use the internet to search for properties. Set up alerts.

Viewings

Look at several properties, and visit ones you like more than once and with someone else.

Offer

If the market is slow, when making an offer, don’t be afraid to offer less than the asking price.

Buying Process

Survey

Make sure you have a survey – it could save you money in the long run by spotting any problems.

Solicitors

Compare quotes from solicitors, and ask your friends who they recommend.

Searches

Look at the results of searches your solicitor has done. They will tell you.

Insurance

You must have buildings insurance in place for when you exchange contracts (not complete).

Removals

Shop around for a removals ­ firm, and ­find one that can move your possessions.

Your solicitor or estate agent will call you to tell you the property is yours.

Relevant Articles

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