You’ve found your perfect first home and your offer has been accepted. The buying process has begun – but what’s the next step?
1. Get your paperwork in order
The house buying process is paperwork-heavy. There are many different documents required, some are very old and others need to be drawn up specifically for this property purchase.
As the buyer, if you have all your information and documents in order when your conveyancing solicitor asks for information, you can respond quickly. Being responsive and available to take calls or answer emails for your solicitor quickly really will help to keep the process moving.
2. Find a conveyancing solicitor
The act of conveyancing is the act of legally transferring the ownership of a property from one person to another. A conveyancing solicitor is a person with the legal knowledge to guide you through the buying process of your first home.
As @HomeOwnersAll explain, there can be potentially complex legal bumps in the road when it comes to the conveyancing process. Researching the process as well as taking your time to find the right conveyancing solicitor who offers exceptional customer service is essential.
There seems to be an insurance product for everything these days, but when it comes to buying your first property, you need to be confident you have the right policies in place.
Mortgage providers will often make it part of their terms and conditions that buyers must have buildings insurance in place. This is the policy that covers the fabric of the building. What it covers and in what situation is something you should pay close attention to.
Home contents insurance effectively covers your belongings in your home and possibly outdoors in sheds and outbuildings too. Research insurance policies carefully, checking what is and isn’t covered.
Another significant outlay each month is utilities. Gas and electricity suppliers can have a confusing array of packages. It’s worth spending time using comparison sites to get the best deals, but always check the contract length and terms.
The same is true for landline and broadband providers in the UK. Phone and internet providers also link to TV packages. As with every other utility, check for costs involved and the length of the contract.
5. Moving companies
The average property buying purchase takes about 8 to 12 weeks, with many factors affecting it. During this time, you can research moving costs, from do-it-yourself van hire to the full services of a local removals company.
Although an additional expense, many first time buyers find a professional removal company means they can be in their new home within hours of taking possession of the keys.
If you are a first-time buyer, there will be many other purchases you need to consider. Our friendly team of mortgage specialists will be able to answer all your questions and concerns, including conveyancing issues, and help to find the right insurance products. Why not send us an email to find out more?
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Written by: Cambridge Web Marketing