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Tips For Property Buyers

Are you looking for a new place to live right now? The number of people wishing to relocate is at an all-time high, with family homes at the top of many buyers’ wish lists.

The good news is that more homes have become available for sale in the last two months. If you’re planning to buy a house, though, you’ll need to be ready to act quickly. Here are some tips for property buyers to ensure you’re in the best possible position to buy when the right home comes along.

Tips For Property Buyers – Use A Site That Collates Properties

A great example of such a site that i used recently to find a place to rent is Rightmove. This lists all the properties available to buy or rent in whichever area you specify. It brings together all the listings that letting agents have available in one handy place. You can filter the searches for location, cost, size of property, and so on.

Apply For A Mortgage “In Principle”

If you’re ready to buy but haven’t yet secured a mortgage in principle, you’ll save time by beginning the process today.

You’ll want to make an offer if you find your dream property. The first two questions your estate agent will ask you at this point are if you have a mortgage in principle and proof of cash to pay the deposit.

Tips For Property Buyers – Source A Solicitor

Do you have a conveyancing solicitor ready to assist you? Once your offer has been accepted, you may lose valuable time if you still need to hire someone to assist you with the sale papers.

You can simply conduct this research right now, demonstrating to the estate agent that you are a serious buyer.

Tips For Property Buyers – Help For 1st Time Buyers

If you’re a first-time buyer between the ages of 18 and 39, you might get up to £32,000 from the government if you create a new Lifetime ISA, which went live in April 2017.

You can invest up to £4,000 in a LISA each year, either as a flat sum or as cash as you can. If you use it to buy your first house, the state will add a 25% incentive on top of that (or retirement). So if you save the entire £4,000, you’ll end up with $5,000. And that’s without factoring in interest or growth.

The government will pay up to £32,000, giving you a total of £160,000 to invest towards your first property, including the incentive. Keep in mind that reaching this level would take 32 years.

Check your Credit Score Before You Begin

Don’t apply for a mortgage until you’ve double-checked that your credit files at the major credit bureaus are error-free.

Small errors can lead to rejection. Current accounts registered to old/wrong addresses, for example, can be quite damaging, so go through your credit files and double-check that any active account (even if it’s historic and unused) is registered at the correct location.
A online loophole allows you to check your files for free.

Check Out Your Surroundings

Location is key, no matter how luxurious the apartment is. You can’t relocate a house, but you can make it look nice.

So go on a walk around the neighbourhood looking for hints. At different times of the day, visit the parks and taverns. Are the automobiles clean and well-kept? Do you enjoy shopping in the neighbourhood? Is there graffiti on the walls?

Find out what’s going on in your neighbourhood by asking a local bobby or a Neighbourhood Watch coordinator. If you’re a complete stranger to the area, consider staying at a local bed & breakfast or renting an Airbnb room.

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