mattk
Member
Registered: 27th Feb 06
Location: St. Helens
User status: Offline
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Right Ive found a house, its on the market for £70k needs heating a kitchen and a bathroom, could do with a re-wire too, none of that is a problem, Im going to go and arrange a veiwing tomorrow I think.
could you just note down in a list whats involved in buying a house cause I have no Idea.... Il start off
Look For House
Arrange Veiwing...................
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Andrew
Member
Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
User status: Offline
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Arrange mortage
Speak with solicitor
As far as i know that's it 
Miller homes are sorting mine out.
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Andrew
Member
Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
User status: Offline
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Actually matt, i need to speak to you regarding some plumbing and moving a rad. Will chat next time i see you though.
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mattk
Member
Registered: 27th Feb 06
Location: St. Helens
User status: Offline
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schweet
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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A valuation survey & enquiring about a mortgage would be your next step.
Then you need a solicitor to make an offer.
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K17STY
Member
Registered: 13th Dec 02
Location: West Lothian
User status: Offline
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Make an offer based on survey, then you dont need to get one and waste money unless they accept your offer.
Go see how much of a mortgage they can give you tho.
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stubbsy05
Member
Registered: 23rd Oct 02
User status: Offline
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1) View House
2) See a IFA and see how much you can borrow for a mortgage.
3)Put in offer to Estate Agent
4) Agree Price
5) Instruct Solictor
6) Intruct IFA to instrcuct surveryors on behalf of mortgage company
7) Exchange Contracts
8) Complete Sale
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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The Estate Agent will give you all of the help/assistance you require or at the evry least point you in the right direction
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Laura
Member
Registered: 6th Oct 04
Location: Leven, Fife
User status: Offline
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We didn't have a solicitor, selling agent dealt with everything for the purchase
Completely hassle free for us!
Not sure if it's different in Scotland though?
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BYRON
Member
Registered: 1st Jun 04
User status: Offline
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Surely knowing you can secure the amount required before viewing any properties is the very first thing you need to do?
I met with my financial advisor a few times before I even veiwed a property to make sure that;
1- I wasnt wasting my time
2 - I was looking at properties that I could afford.
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Twiggy
Member
Registered: 15th Oct 04
User status: Offline
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quote:
Originally posted by BYRON
Surely knowing you can secure the amount required before viewing any properties is the very first thing you need to do?
I met with my financial advisor a few times before I even veiwed a property to make sure that;
1- I wasnt wasting my time
2 - I was looking at properties that I could afford.
Words out my mouth!!
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Gaz
Member
Registered: 24th Aug 03
Location: Widnes, Cheshire
User status: Offline
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Our independant financial advisor did everything for us.
All we had to do was look at the house and put in an offer. He did everything else.
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mattk
Member
Registered: 27th Feb 06
Location: St. Helens
User status: Offline
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I know how much I can have, its well enough
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Gaz
Member
Registered: 24th Aug 03
Location: Widnes, Cheshire
User status: Offline
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But will they lend it to you??
Ideally you should get an 'ok' from a mortgage company first..
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mattk
Member
Registered: 27th Feb 06
Location: St. Helens
User status: Offline
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yeah the bank have said how much they are willing to lend me, just needed to find a house, I think Ive found one, So I was going to book a veiwing, Just a bit lost as to what happens after that
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jrsteeve
Member
Registered: 3rd Apr 02
Location: Manchester
User status: Offline
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quote:
Originally posted by Twiggy
quote:
Originally posted by BYRON
Surely knowing you can secure the amount required before viewing any properties is the very first thing you need to do?
I met with my financial advisor a few times before I even veiwed a property to make sure that;
1- I wasnt wasting my time
2 - I was looking at properties that I could afford.
Words out my mouth!!
Same here. No point viewing anything until you are told what you can borrow. I've been an estate agent for nearly 7 years and it pisses me off how many timewasters and dreamers there are out there (not saying you're either of those!!). You'll also need to make sure the chosen lender will lend on a property in need of extensive renovation as some won't. Good luck
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mattk
Member
Registered: 27th Feb 06
Location: St. Helens
User status: Offline
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quote:
Originally posted by mattk
yeah the bank have said how much they are willing to lend me, just needed to find a house, I think Ive found one, So I was going to book a veiwing, Just a bit lost as to what happens after that
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jrsteeve
Member
Registered: 3rd Apr 02
Location: Manchester
User status: Offline
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Once you've found somewhere it'd be worth checking your bank have offered you the best deal. Most estate agents have their own IFAs in house and can check the rest of the mortgage market pretty quickly. Shop around for solicitors too as they all charge differently. You should aim to pay them a fee of around £300 plus disbursments (searches etc), with a total cost of around £500-£600 max.
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X 60RSA
Member
Registered: 20th Aug 01
Location: Lincoln
User status: Offline
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Dont even bother viewing until you know how much you can borrow!
I bought a house in may 2008 with a 15k deposit. The house was up for 125000.
I have a 110k mortgage and earn around 23k a year.
Now i wouldnt get a look in with such a house and 15k in my pocket! I'd need 20plus.
After my first experience of buying a new property (which i'm told is easier for obvious reasons) i never want to buy a house again, too many forms and phone calls and running about, stressful!
[Edited on 02-02-2009 by X 60RSA]
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Leo_Foci
Member
Registered: 29th Nov 05
Location: Hull
User status: Offline
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I'm going through the same thing at the moment.
First thing that we did was we booked an appointment with an INDEPENDENT financial advisor........ these apparent financial advisors within Estate agents WILL try and rip you off (Sorry if thats anyone's job on here)
Anyway what we did:
1) Took a trip to see IFA with all our paper, sat down for a hour or so, worked out all our finances, outgoings etc.... Got a mortgage approved there and then. The IFA that we appointed will then select a well known solicitor, the solicitors then make the arrangements for whatever type of survey you want doing on the house (Home Buyers guide or Full structural). The IFA will also approach the mortgage company to set up the mortgage.... and our IFA also spoke to the Estate agents so we didn't have to... more professional 
and thats the stage i'm up to at the moment.
I believe the next stages are:
2) Find a house
3) Make an offer, whether thats direct to the Estate agent or through an IFA
4) If offer accepted solicitors->survey->pay remaining costs for solicitors and survey along with deposit->exchange contracts/set completion date->Pick up keys....
IF i'm wrong on this can someone please tell me cos i'd like to know to
[Edited on 02-02-2009 by Leo_Foci]
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jrsteeve
Member
Registered: 3rd Apr 02
Location: Manchester
User status: Offline
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quote:
Originally posted by Leo_Foci
I'm going through the same thing at the moment.
First thing that we did was we booked an appointment with an INDEPENDENT financial advisor........ these apparent financial advisors within Estate agents WILL try and rip you off (Sorry if thats anyone's job on here)
Anyway what we did:
1) Took a trip to see IFA with all our paper, sat down for a hour or so, worked out all our finances, outgoings etc.... Got a mortgage approved there and then. The IFA that we appointed will then select a well known solicitor, the solicitors then make the arrangements for whatever type of survey you want doing on the house (Home Buyers guide or Full structural). The IFA will also approach the mortgage company to set up the mortgage.... and our IFA also spoke to the Estate agents so we didn't have to... more professional
and thats the stage i'm up to at the moment.
I believe the next stages are:
2) Find a house
3) Make an offer, whether thats direct to the Estate agent or through an IFA
4) If offer accepted solicitors->survey->pay remaining costs for solicitors and survey along with deposit->exchange contracts/set completion date->Pick up keys....
IF i'm wrong on this can someone please tell me cos i'd like to know to
[Edited on 02-02-2009 by Leo_Foci]
Nah thats bollocks about the in house advisors mate. (i'm not one by the way but have worked with them) They make their money from selling insurance (life, buildings etc) and bugger all really on the majority of mortgages. Go with a big enough chain like Countrywide and you'll be fine. Plus you're only comparing against ur bank anyway!
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J da Silva
Member
Registered: 10th Apr 03
Location: The FACTory
User status: Offline
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Plus upon finalising a mortgage you have to complete a form in which you could say the in house advisor gave you biased or non-bias advice, if they tried to rip you off, you have the chance to grass them up and they can't control it.
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Leo_Foci
Member
Registered: 29th Nov 05
Location: Hull
User status: Offline
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Yes but where as for example you went to someone within lets say Halifax as an example, they might only be able to search 50 offers on mortgages - where as if you went to IFA then they might be able to search 150 offers.
Thats the point i was trying to get across.
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BYRON
Member
Registered: 1st Jun 04
User status: Offline
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quote:
Originally posted by mattk
quote:
Originally posted by mattk
yeah the bank have said how much they are willing to lend me, just needed to find a house, I think Ive found one, So I was going to book a veiwing, Just a bit lost as to what happens after that
So you have a written mortgage in principle then?
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