A Quick Guide to Buying Your First Property

Buying your first home is a huge life moment that can be exciting, scary and a little bit overwhelming.

Here’s an idea of what to expect.

Money matters

You’ll need a mortgage in principle. This is how you find out what you can afford per month and how much you can borrow.

Other costs include:

- Stamp duty
- Valuation
- Survey
- Legal fees
- Insurance
- Moving

Property search

Don’t just look online. Talk to an estate agent – they’ll have lots of local knowledge to share.

Legals

You’ll need a conveyancer or property solicitor to get the deal done. Use a solicitor that has been recommended to you.

Surveys

There are two types:

• Valuation survey, which is typically carried out on new properties.

• Homebuyer’s survey, for older properties.

Following the survey, the lender will (hopefully) approve your mortgage offer.

Next steps

The seller’s solicitor or your lender may have a few questions. Then it’s just about waiting for your completion date.

Ready to buy your first property? Contact us today.
TEL : 01724 487297