How do I buy a house?

1. Work out how much you have to spend – get a pre-mortgage certificate which then gives you the knowledge that you can afford your property and that you are serious about the purchase.
2. Find a property you like – this is the fun part!
3. Make an offer – this doesn’t need to be the full asking price but be prepared to negotiate. Only offer the amount that you feel the property is worth and what you can afford.
4. Find a solicitor – see if you can get a family or friend to recommend one to you. The solicitor will be responsible all the legal paperwork and for making the move happen.
5. Shop around for best mortgage – if you have previously had a pre mortgage certificate you will now need to find an actual mortgage. As a first time buyer there will be special deals for you but go prepared with evidence of your salary (previous 3 months payslips).
6. Wait for surveyor’s report – the company lending you the money will want to check the place you are buyer to ensure it is worth the money. If it is an older property you should make sure there are no “hidden” problems by getting a more expensive full survey. This may save you more money in the long run if a big problem is identified which allows you to back out of the deal.
7. The legals – the 2 solicitors settle the contracts and put any final paperwork in place such as local area checks.
8. Exchange contracts – this is a sign of the deal making good progress. The 2 solicitors hand over the contracts and you pay a deposit of 10% of the asking price.
9. Completion – the contracts are now signed, the full payment has been transferred, and the seller moves out and you get the keys. It all happens so fast but you are now the proud owner of the property.