Buying your first home is exciting, however it can also be a nerve-wracking experience too. Whether buying your first home or your fifth home there are certain steps you have to go through every time. However if it is your first time it can seem a daunting process. Instructing a Solicitor at the earliest stage is crucial to ensure they can advise you on every step of the process. Our aim is to explain to our clients in plain English the process they have to go through. We are by your side step by step through the process to try and make it as stress free as possible. A First Time buyers Guide can show you step by step how to buy your first home.
Our team is made up of dedicated Solicitors and Licenced Conveyancers so you know you are in good hands and will receive the best legal advice possible.
Our fees are all fixed so there will be no nasty surprises at the end of the transaction. We also offer a no sale no fee service, so if your house purchase was to fall through at any time we wouldn’t charge you any legal fees, instead help you to get back onto the property market as quickly as we can.
Our team can help with specialised services including;
- New build properties
- Shared ownership
- Help to buy ISA’s
- Living together agreements
The team has years of experience in dealing with these, so speak to them at your earliest convenience.
Other steps to consider as first time buyers guide include;
Appoint a Solicitor
Your solicitor will protect your interests in relation to the buying of the property. They will check such things as whether the seller owns the property that you are buying or whether there is anything that will affect the property for example a road widening.
Ask the agent to take the property off the market
This may seem obvious but many sellers like to leave the property on the market in the early stages of a transaction to see if they can get a higher offer. They are allowed to accept any offer for the property until contracts have been exchanged. If the property is not on the market there is less chance of another buyer seeing it
Check your finances
It may seem very early to do this but you need to be working on this now – particularly if you are wanting a mortgage to help you with your purchase. Your mortgage lender will want to see proof of your earnings and proof of who you are and where you live. They are also going to want to make sure that the property is worth what they are lending to you and will order a valuation.
Organise a survey
As mentioned above the lender will want to make sure that the property is worth what they are lending. Many buyers want to rely on this but be careful. It is a valuation for the lender and only shows if the property is worth what the lender is lending to you. It will not show if the property is worth the amount that you as a buyer are paying the seller and you will not be able to take action against the valuer if there is a problem when you move in. You may want to consider RICS Home Buyers Survey to give you more information about the property and the practical risks of taking it on.
Our Award Winning Residential Team can provide you with all the expert support and advice you need. Buying your first house? For further information contact the conveyancing team.