Thinking of moving to a bigger space, or perhaps you’re a first time buyer looking to purchase your first home? Whether you’re looking for a one bed flat or a family home, we’ve put together a handy checklist to help ensure your head takes over when your heart might want to do all the decision making!
Depending on your circumstances, you’ll be expecting different things from the area you want to live in. If you have young children, school catchment areas and transport links are likely to be high up on your priority list. If you’re a young professional buying their first home, either on your own or with a friend or partner, it might be useful to have a post office, supermarket or pub nearby. It’s worth making a list of amenities that are important to you and then taking a good look around the neighbourhood you’re thinking of moving to – does it have everything you’re looking for?
Before you even enter the property, have a look around the outside for any tell-tale signs of damp. Are there cracks in the brickwork, or loose tiles on the roof? Inside, make sure there aren’t any funny smells that could indicate a problem. Can you spot any mould or damp on the ceilings, particularly in the bathroom or kitchen? Is there plenty of ventilation to prevent any future issues with damp?
If the property comes with any land or parking spaces, make sure you know who the rightful owner is. Don’t just take the estate or letting agents word for it – if you’re not sure, have a look at the land registry title deeds as this should outline any land that comes with the property.
Find out how much of a mortgage you can raise before you start looking around properties - there’s no point falling in love with a £200,000 property if you can only afford £120,000. Speak to your chosen mortgage provider and ask for a ‘mortgage in principle’ so your estate agent and sellers know that you’re a serious prospect. You could have more leverage on making an offer if the seller knows you already have a mortgage agreed.
Now that you have a few ideas about the type of property you might like to buy, here are a few questions to ask yourself or the estate agent before you put in an offer - you could even print it out the checklist and take it with you!
Read our disclaimer.
It’s a very exciting prospect looking for accommodation, but it can also be quite daunting. Take a look at these questions before you look around.
Here are a few things to consider before deciding to buy your first home.
Before buying a property, you need to find out how much you’ll be able to borrow for a mortgage. Here are some tips for choosing a mortgage advisor.
Here’s a breakdown of the most common types of mortgage deals and products.
You can either appoint a solicitor, a property lawyer, or a licensed conveyancer to complete the conveyancing work when purchasing a property.