You have decided to buy a home - But what next?

Buying a house is one of the biggest financial decisions that you will make in your life. It can be a lengthy and complicated business,  which while exciting is often fraught with stress and worry.  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 can take approximately 8-12 weeks.
Although there is no set time as it will depend on the dynamics of other links involved.

We have decades of experience steering your purchase through to exchange and completion and dedicate the necessary effort and time to making sure you make the move to your new home.

CHISSICK ESTATES are here to guide you through the buying process so that you can move into your new home as soon as possible, it is important to have a good understanding of the process as it will help you to avoid some of the most common hazards of home buying.

Why not call us today or complete our enquiry form to register your interest?

The first thing you need to do is decide how much you can afford. You will need to look at how much deposit you have available and how much you can borrow. Usually you will apply to a Building Society or a Bank for a mortgage, or via an Independent Broker.

It is advisable for any prospective  buyer to get advice from either a mortgage broker or direct with a lending institution.  When you begin your search for a property it is important to know what you are able to borrow based on your deposit and income.

When you  find the property you want to purchase it puts you in a much stronger position and gives the seller confidence knowing that you can prove your ability to proceed with teh purchase.   A seller is more likely to choose someone who is already qualified for their finance and has shown proof of deposit from whatever source it is coming from.Before finally deciding how much to spend on a property, you need to be sure you will have enough money to pay for all the additional costs. These include:

• Survey Fees & Valuation Fees
• Stamp Duty Land Tax. http://www.hmrc.gov.uk/sdlt/intro/rates-thresholds.htm
• Land Registry Fee
• Local Authority Searches
• Fees, if any, charged by the mortgage lender or your mortgage broker
• Solicitor’s costs
• Removal expenses

Some of the above be subject to vat at the current rate.

You will normally have to pay a deposit on exchange of contracts, which in the current market can be anything from 10% upwards of the purchase price. This would normally be payable via your solicitor on exchange.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.