Purchasing a house is frequently the biggest buy you will make in the course of your life. It is truly significant you have the right data, with perfect timing, to guarantee you settle on informed choices.
LENDER
Usually are bank or building that can borrow you money to buy the house. The different ownership of a building society compared to a bank means they tend to have lower overheads, so they may be able to offer lower rates on mortgages and higher interest rates on savings accounts.
INSURER
You need to buy the building insurance once you exchange contract so as to protect all your property related to the house. You may consider to buy the mortgage life insurance. A life insurance plan can offer peace of mind that your loved ones won’t be left out of pocket if you fall ill or die before repaying your mortgage.
PROPERTY SOLICITOR
Conveyancing is the legal process that takes place after your offer is accepted. In England and Wales, this includes carrying out searches, drawing up and checking contracts, dealing with the Land Registry and paying any stamp duty. You can use a conveyancer who might not be a qualified solicitor but will specialise in property
SURVEYOR
The professional who is able to identify the physical condition of the property and provide you independent valuation. Although a survey is optional, it’s better to be aware of any issues before buying so you can make an informed decision on how much to offer and budget for any repair work required.
MORTGAGE BROKER OR ADVICER
A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions have sold their own products. As markets for mortgages have become more competitive, however, the role of the mortgage broker has become more popular.
BUILDERS
Who can help you to solve the maintenance problem after the inspection of the surveyor. You may go along with a general builder to view the property so as the find out the possible renovation after possession. May be adding extension, roofing, conservatories, loft conversion, gardening and landscaping.
ESTATE AGENT
Who lead you to go through all the buying procedures and they can advise you all the above professionals during your buying procedures. They are suppose reliable for their recommendation. Though not all real estate agents are members of the National Association of Realtors, those who do join the group agree to abide by a code of ethics.
Home sweet home. This is the place to find happiness. If one doesn’t find it here, one doesn’t find it anywhere.
M.K. Soni
