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Independent Mortgage Advice |
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When you buy a property it is important that you
make informed decisions so that you can afford to
enjoy your new home for a long time. HomeBuy Agent
staff are not qualified to offer or provide financial
advice. We recommend that you seek independent mortgage
advisors to help you with mortgage matters and will
be able to provide you with details of advisors
we recommend on request. |
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What about solicitors? |
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When you buy a property you will need to appoint
a solicitor to act on your behalf. We will be able
to provide details of panel solicitors who we recommend
on request.
Panel solicitors are professionally qualified and
will explain the legal process to you at each important
step. They are experienced in all the legal matters
associated with HomeBuy - this makes a big difference
to how smoothly your purchase proceeds. Most of
the dealings with your solicitor will be carried
out over the phone, by post, or by e-mail; it isn’t
usually necessary to visit or meet your solicitor
in person unless you want to.
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What it costs to buy a home |
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Buying a property is expensive and feedback from
our customers confirms that an amount of around
£3500 to cover the one-off costs is realistic.
To proceed with your application therefore, you
need to have access to at least £3500, either
through savings or from family/friends, without
the need to borrow extra money on your mortgage
or to take out a personal loan.
We recommend you proceed only if you have access
to at least this amount to cover costs such as legal
fees (solicitors), mortgage arrangement fee, homebuyer’s
report, stamp duty land tax, gas and electricity
test, etc.
There are also likely to be other costs that you
should budget for, eg: carpets, household goods
like a fridge and washing machine, and possibly
advance rent payments.
You should also be aware that a deposit of at least
£1000 is payable at exchange of contracts
stage. This is reconciled by your solicitor at completion
stage.
There is no charge either to register with homeBuy.co.uk,
or to buy an affordable home through the organisations
that have listed properties. The £3500 is
not a fee.
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If you have any questions, please contact
us directly. Alternatively, view our Frequently
Asked Questions page. |
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