If you need urgent support, call 999 or go to your nearest A&E. To contact our Crisis Messenger (open 24/7) text THEMIX to 85258.
Options
Buying a house :)
Former Member
Posts: 1,876,323 The Mix Honorary Guru
So in around a year or two me and Laura will be looking to buying our own place and moving, We will roughly have around a £40000-50000 deposit available by and know roughly where we wish to buy and will need a mortgage for around another £120000-130000 for the type of housing we are after.
The thing is, having never done this myself, on my own I would like to know how it all goes about, and the procedures, any tips? tricks I should know which can safe me money, I am pretty much a novice with regards to house buying.
The thing is, having never done this myself, on my own I would like to know how it all goes about, and the procedures, any tips? tricks I should know which can safe me money, I am pretty much a novice with regards to house buying.
0
This discussion has been closed.
Comments
Great news!
The first step I think is research, research and research.
Ensure you check out the property very thoroughly. A solicitor will be able to advise what paper searches you need to make but also get a surveyor to check it out. Have a look around yourself at different times of the day. The buyer beware caveat is still very much in operation!
I think the BBC's guide to buying a house is quite good to look at.
Have you seen the money saving expert website? There's a whole section on mortgages - http://www.moneysavingexpert.com/mortgages/
I've not actually brought a property before, so don't have any personal tips!
We also have some great pages on theSite's 'house buying guide'. E.g. the 'home buying process' and the 'first mortgage'.
Step 2: Find out which areas you are interested in
Step 3: Search for properties in your areas of interest
Step 4: Schedule viewing appointments with the property owners
Step 5: Get an independent evaluation of the property (optional)
Step 6: Negotiate the price and terms of the sale
Step 7: Meet the seller at a notary to conclude the sale
Step 8: Register the property with the Land Registry
Step 9: Transfer utilities to your name
managed to get the fixed rate just before the interest rates dropped for 10 years :banghead: I'd still make the same choice though, I prefer certainty over value
Sent from my whyayePad using Tapatalk
don't forget about the extra costs involved with house moving and make sure you're prepared - solicitors fees as I mentioned can be up to a grand, our house valuation fee was £300, our mortgage arrangement fee was £1000. I'd recommend getting a mortgage advisor preferably someone that's been recommended to you, ours was really nice and to be honest we didn't have a clue about mortgages but he explained everything and got us the best deal. we had to pay him £100 for his advice at the end but to be honest that was nothing as he was so good and we were on the phone to him a LOT. worth every penny.
if you have any other questions ill try to answer them considering iv done it very recently ha.
We went to an independant mortgage advisor, he set it all up after finding us the best deal.
The first post does say in the next year or two
grrr, annoying
Paperupmachine, the original poster did say in a year or two, however, we don't generally like to bring up old threads as things may have moved on for the Original Poster and it may not be relevant now. Please start a new thread if you'd like any further advice or support.
Going to close this now