IntroductionYou have decided to buy a home - but what next? The maze of legal work, negotiations, dealing with surveyors and solicitors, finding a good mortgage deal and worrying about your deal falling through, on top of actually hunting down the home of your dreams, is enough to make anyone's hair stand on end.
Buying a house is one of the biggest financial decisions that you will make in your life. It is a lengthy and complicated business, which while exciting is often fraught with stress and worry. But luckily there is a lot of good advice around helping you to make your home-buying experience as easy and problem-free as possible.
After finding a home you like, which can take anything from a few days to many months, the process from having your offer accepted to completion of the sale takes about 12 weeks. This is about twice as long as in many other countries - home-buying in Britain is a notoriously drawn-out business.
It is important to have a good understanding of the process as it will help you to avoid some of the most common hazards of home-buying. Home.co.uk has prepared an introduction to the home-buying process to help you to understand how it all works, how to plan it and what to watch out for. After reading this you should have a better idea of what to expect and how to set out to buy a home feeling prepared and ready to go!
The Buying Process: A Step-by-Step GuideThe links below cover the main stages you will go through when buying a home.
Work Out How Much You Can Afford
Get a Mortgage Agreement in Principle
Choose Your Home
Hire a Solicitor
Make an Offer
Have a Survey and Valuation Done
Do Any Necessary Legal Work
Arrange for Life Assurance
Finalise Your Mortgage
Exchange Contracts
Organise Your Move
Finalise Your Contract Details
Move In!
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