Advice for buyers
Line up a good solicitor from the outset. Get recommendations from friends, family, colleagues and even local estate agents. Do not necessarily opt for the cheapest – it could prove to be a false economy. Keep in regular touch with them.
Arranging your finances
Our mortgage advisors provide purchase advice and re search the best deals available from the whole market place.
Make sure you have a written ‘in principle’ mortgage offer from the start, as this can really speed things up once you have an offer accepted. Likewise, you’ll be in a much stronger position if you find yourself in a bidding war with a buyer who doesn’t have their financing in order.
Set a budget for the entire process and stick to it. There are many other costs to consider outside of buying the property itself. Think about stamp duty, solicitor’s fees, removal costs, any work that may need doing on the property, the first month’s council tax and utility bills, possible service charge and ground rent etc.
Do your research
Fully research the area you are interested in buying in. Think carefully about the things you need and the things you would like, such as good local schools, transport links, green spaces, shops etc. Research the types of properties that are available in your price range and be realistic about your expectations.
Try to be as flexible as possible when it comes to viewing times. Evenings and weekends may be best for you, but possibly not the seller. It might be worth taking a day or two off work and lining up multiple viewings. Be punctual for all your appointments, otherwise you risk missing your slot and annoying the seller, who is likely to have gone to some effort to get the property ready for you.
View the property three or four times and do so at different times of the day, so you get a real feel for what it is like.
After the viewing, be sure to give us some honest feedback. That way, we get a better idea of what you are looking for. Keep an open mind though; very often, people end up buying something that is very different to the ‘dream’ home they imagined.
Making an offer
When making an offer be sure to let us know of your postion, for example; If you have a mortgage offer in place and your flexibility on time scale.
If you really love the property, try not to make very low offers that will no doubt be refused. You could end up annoying the seller and this might make future negotiations that bit harder.
Book a survey as soon as your offer is accepted. These can take a few days and you want to keep the process moving.
Although it’s an additional cost, a survey could identify any serious problems with the property and ultimately end up saving you thousands.