Buying a property?
If you’re not a first-time buyer, selling your own home first is a good place to start before you start searching for your next property as it will put you in a strong position as a buyer.
Then work out your budget to see what you can afford. You’ll also need to check your credit report (there are a number of companies who do this online).
Then find out the possibility of a mortgage with your broker, what’s required, what you can borrow and options available to you. If possible, try to get a Mortgage in Principle confirming an amount of money which a lender believes they would be able to lend you. Together with you deposit, it can give you an indication of the property price range you can search within.
Take some time to research and get to know your chosen area. If you can, make sure you walk around the neighbourhood so you can get a sense of what it’ll be like to live there.
Visit local estate agents in person to register your interest in the area. You may also contact me, to discuss how we can help especially if its for an investment.
Then put in an offer that suits your budget and confirm your mortgage. The lender will arrange for a qualified surveyor to inspect the property as well as make sure that it’s a property they’ll lend against – moreover if a survey uncovers problems you may be able to negotiate a price cut to offset some or all of the cost of the work.
The rest is easy – just leave it up to your solicitor to set up the exchange of contracts and completion and when that’s all done move in.
Mau Investments - Property Solutions made easy
dennis@mauinvestments.co.uk or Tel: 01 332981666