What are the key steps when buying your new home?
Buying a home can feel overwhelming. Brevis makes the process clear and guides you every step of the way.
- Work out how much you can afford and how much you will need for a deposit.
- Apply for a mortgage in principal from your chosen lender, which confirms they are willing to lend you an agreed amount for a property..
- Start to view properties in person and get to know the best areas for you to live.
- Find ‘the one’ and make an offer to the estate agent. Mentioning you’re a first time buyer if you are one could be an advantage.
- Offer accepted! Apply for a mortgage from your lender and find a solicitor or conveyancer to help you with the legal process.
- Get a survey. Most surveyors provide 3 levels of survey – a condition report, a HomeBuyers report and a building survey. Choose the right one for you.
- Your conveyancer will arrange searches, which can include local authority, environmental and water searches, to help avoid any potential issues.
- Swap your contracts with the home seller (exchange), transfer money and collect your keys (complete) – Congratulations! You’ve bought your new home!
Please note that all information provided in this FAQ is for general reference only. It should not be used as a sole or definitive source, nor is it intended to be used for decision making in place of appropriate advice from a qualified legal professional. As such the information is provided as-is and Brevis cannot accept any responsibility or liability for any loss or damage resulting from any errors or ommission in, or any reliance on, information contained in this guide.