Buying your home is probably one of the most important steps you
will take towards |
the future. As the area's leading
Independent Estate Agent, we are here to make it
as easy and stress
free as possible. We will provide you with all the help and guidance
you need to see you through.
Take some time to think about what you can afford and what
exactly you are looking for. Camerons Stiff & Co can
recommend local solicitors and independent financial advisors to
help you. You will need to think about
location, age, character, size and style. Decide on number of
rooms, location, whether you need a garage, transport facilities,
leisure facilities and schooling.
Once you have found what you are looking for, make a
'sensible' offer on the property you have chosen. When your offer
has been accepted, let your solicitor know. He or
she will ensure
that the sellers solicitor prepares a draft contract of sale, and at
same time carry out the searches.
Please remember that there is a government tax for purchasing property known as "stamp duty" this is currently: up to £250,000 - 1%, £250,000-£500,000 - 3% and over £500,000 - 4% of the purchase price agreed.
Surveys will now need to be
arranged through your mortgage lenders before a mortgage offer can
be made. There are three types of survey - 1) Valuation Survey, 2) Housebuyers Report, 3) Structural Survey.
The mortgage valuation is conducted to ensure that
the property you wish to purchase is suitable security for the
amount you wish to borrow. The main points to note, however
are that you will to formally instruct
a solicitor and also pay the
lenders fee to cover the cost of having the property valued.