There are multiple fees, costs and taxes that you’ll have to pay before (and after) you get your hands on the keys to your new home.
There are multiple reasons why people look to remortgage; it is only natural that you will look for the best deal to save you money. Very rarely do you take out a mortgage and stick with the same one for the whole term.
Have you just found your dream home and wondering if you need a conveyancer to complete the move? In short, YES! However, you want to title them, conveyancers, property lawyers or solicitors you need one.
A question that might cross your mind when buying, “Am I able to pull out after the exchange of contracts?” and the answer is yes, however, if you do pull out then be prepared to bear the costs as you will be breaching the terms of the contract.
So you've spent countless months saving for your deposit, and you've finally hit your goal to apply for a mortgage, but what's next? Below we explain the process.
A deposit is a percentage of the money you have to put down before buying a home. If you are a first-time buyer, your deposit will be cash savings. Whereas a previous home-owners, it will be the equity from their existing property plus any extra savings they have.
If you have purchased a leasehold property, you will only own your home for a fixed period. The ownership of the property returns to the landlord when the contract comes to an end. Before the lease runs out, you may wish to extend it, therefore enabling you to keep ownership of the property.
Conveyancing is the process of legally transferring home ownership from you, the seller, to the buyer. It starts by making an offer and finishes when you hand over the keys to the buyer.
As a homebuyer, it is always strongly advised that you have a survey carried out. There are different types you can choose from, depending on the size and age of the property.
Here at Hayward Moon, we are reviewing the time between exchange and completion of buying a property.
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