Purchasing a house can be incredibly trying at times, so it’s a good idea to have a checklist in place to help you keep track of all the various tasks involved. To help to make buying your new home as easy as possible, we’ve put together some tasks you need to remember.
Inform your solicitor
Letting your solicitor know of your moving intentions will prevent unnecessary hold ups in the chain. By simply keeping your solicitor in the loop, you can speed up the process and ensure your solicitor has everything in place to prepare for the sale.
Work out a budge
This may seem obvious, but many movers don’t take the time to figure out how much is still on their current mortgage. Knowing your remaining debt will help you towards putting a budget in place. Once you’ve figured out your budget, make sure you stick to it. Even if you find your dream home, if it’s out of your price range, your dream may quickly become a nightmare. You should also factor in your personal expenses into the budget, especially if you intend to take on extra debt with a new mortgage.
Why is the seller leaving?
Finding out the reason the seller is leaving could prevent you from paying out for unexpected costs further down the line. If there’s any unreliable appliances or fittings in the property, be sure to identify them before you complete your purchase so you can factor them into your budget.
Get the guarantees
If the seller has made improvements to the property, you will need to get the guarantees. Ask them about any work they have undertaken such as damp proofing or fitting replacement windows, and ensure they hand you the guarantees upon completion.
Calculate the costs
Other costs such as stamp duty, legal costs, estate agency fees and more will all come into play. Make sure you have a firm grasp on exactly how much it’s going to cost you to move to ensure you’re not faced with an unexpected bill.
If you’re worried about all of the elements that make up buying a home, please don’t hesitate to get in touch with us. We offer a full advice service on mortgages and beyond and will work to help you make the necessary steps towards securing your new property.