If it’s time for you to buy a new home, it’s important to do it right. Purchasing a home requires several steps to be completed, which can be challenging if you’re not expecting them. Read our guide to find the key steps that need to be completed to buy a home.
Understanding the Costs
Before buying a home, it’s important to know that you are financially prepared for the change. Aside from the deposit, there are some other costs that you will likely need to pay. Typically, mortgage costs are also involved, which can include a booking fee as well as a valuation cost. Additionally, you will need to pay a surveyor’s fees and conveyancing costs.
Other costs involved in buying a home can include:
- Stamp Duty Land Tax
- Land Registry fee
- Removals costs
- Building insurance
- Ongoing bills and utility costs
Finding the Perfect Home
One of the most exciting parts of purchasing a property is searching for a new home. Before looking for a property, it can be helpful to make a checklist of what you’re looking for in a new home. This could be a certain number of bedrooms or in a specific location. Once you have chosen the right property, you can make an offer.
Hire a Solicitor
A solicitor will be able to handle the legal aspects of buying a property, making sure that the change in ownership of the property goes smoothly for you. Solicitors will deal with property title checks and contract exchanges.
A solicitor will also be able to organise searches on the property, finding out information about whether there are any potential issues with the property. Potential problems they may uncover can include difficulties with planning permission or flood risks.
Arrange a Property Survey
Property surveys are brilliant ways to investigate whether a property is worth purchasing. These surveys can be used to uncover any structural issues and potential problems that the building may have or may encounter in the future.
Complete the Purchase
Once all the first steps have been completed, you will then be able to finalise your payments. This will include the final transfer of money for your deposit, as well as paying up any other outstanding fees. Once everything has been paid for, you should be able to receive your keys and get started with moving in!
Conveyancing Solicitors in Ebbw Vale
Receiving help from a solicitor for buying a house can be invaluable. At Richards & Lewis, our team of experts are here to help. We can offer you conveyancing services for residential and commercial properties alike, allowing you to smoothly purchase any property. Visit our website to learn more about us and our conveyancing lawyers at Richards & Lewis. Alternatively, please don’t hesitate to get in touch with us directly for any further information or support.
