Helpful hand to buying

Buying a house is one of the biggest financial decisions you will make in your life. The buying process can be exciting but also burdened with worry & stress. Move2 Homes would like to help make this big plunge a little easier to take. We have made a short guide to help you understanding the buying process.

The main people involved in this process are: YOU (buyer), the house SELLER (vendor), the ESTATE AGENT, the SOLICITOR, the MORTGAGE LENDER (broker) & the SURVEYOR.

The Home Buying Process in England & Wales is as follows:

• How much can you afford - get initial mortgage advice - take in account the running expenses of the property
• How to find the property - working with the Estate Agent (Move2 Homes), property paper, internet & new property developers
• Deciding on the property - leashold/ freehold/ location/ type/ size
• Checking on condition - fixture & fittings/ layout/ plumbing/ electric/ heating/ Insulation/ damp/ condensation/ external/ HIPs
• Making an offer - negotiating the offer - offer accepted
• Appointing a Solicitor (licensed conveyancer) & Mortgage Advisor
• Valuation/ Survey of the property - (a) a Standard Valuation (b) a Home Buyer's Report (c) a Full Structural Survey
• Solicitor making & checking enquiries and do any other necessary legal work
• Verification of identity and income
• Offer in advance from the mortgage lender
• Arrange life & building insurance
• Draw up the contracts
• Exchange the contracts
• Stamp Duty Tax to pay by the buyer if required. see following link for details on Stamp Duty:
• http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/BeginnersGuideToTax/DG_10010529
• Completion
• Buyer to pick up the keys from the Estate Agent (Move2 Homes)
• Move2 into your new Home !
  

 Not sure of anything come and speak to one of our team who will be glad to help.