Buying a house is likely to be the biggest purchase that most of us will make in our lifetimes. If you’re a first-time buyer, the conveyancing process may seem confusing with many important things to consider. In this article, Kulbir Conner will give helpful tips for first-time buyers.
- Choose the right solicitor
When you’re buying your first home, it’s important you choose the right solicitor. A good conveyancer and their team will keep you updated regularly and can support you by answering questions about the process of buying a property.
- Uphold good communication with your agents
Ensure you are always kept in the loop with the seller, your estate agent, mortgage advisor and solicitor. When you have decided on a property, you want the process to be as smooth and hassle-free as possible. Additionally, keep up to date with your emails, including checking your junk, as conveyancers will often send over documents via email.
- Ensure you are fully satisfied with your final arrangements and negotiations.
For first-time home buyers, you may go into a contract not fully understanding what is in your best interest. Your conveyancer will be able to provide you with the best possible advice to ensure you get the best deal for the short and long term. If at any time you are not satisfied with your agreements, it is vital you speak with your conveyancer, and they will endeavour to resolve any issues before it is too late.
- Have your mortgage in place before you find your home
Knowing how much you have available to borrow and arranging a mortgage in principle means that once an offer has been accepted you can get on with the legalities. Applying for a mortgage can bring a whole host of problems, so arranging this in advance can really help.
To speed up the process of applying for a mortgage, you should have proof of your identity, evidence of your address, and 6 months’ bank statements at the ready for your mortgage lender to check over.
- Prepare your finances
There are bound to be times during the move when you’ll feel like there are constant demands for your cash. Be prepared that there will be lots of fees to pay – so you’ll need to have money available.
Our residential property service is tailored to meet your individual needs and to pre-empt problems where possible through clear communication. We understand the complex or tricky issues that are sometimes involved in residential property transactions, and we use a practical approach.
Buying a house can be stressful. But having a solicitor who can answer any queries can make it a lot easier.
For more information, please contact Kulbir Conner (Head of Conveyancing) on email@example.com or 01753 486 777