First Time Buyer Conveyancing
Can you really afford that holiday when you are buying a property? Affordability is the main reason why first time buyer purchases fail. When you take out a mortgage you must assume that interest rates will increase. Please spend time with your Mortgage Adviser and double check all your outgoings, be realistic.
Cheap conveyancing is false economy as the Conveyancer acts for you. The Conveyancer establishes risks by carrying out relevant searches. Imagine buying a property and then finding out that a motorway is being built next door. That will devalue your property. Your first property is important to you so please take your time and ask questions about the process.
When you made your offer you probably explained that you were a first time buyer and because of that it is expected that it will be a fast completion. In a rising market a fast completion is a priority. If the sales progression takes too long then someone may come along with an improved offer.
Still thinking about your new Adventure?
Buying a property is an adventure. It can be stressful but if you surround yourself with professionals then they can help take the strain.
You have papers to sign and documentation to read and understand. A local Conveyancer could be the perfect choice. Avoid the uphill struggle and use our callback facility so that you can speak with your conveyancer when it matters most to you.
Sink or swim when buying your first property
Some people go it alone and think they know best.
Our advice is simple - Instruct professionals to act for you.
Can you afford the property? - Discuss your outgoings with your Mortgage adviser.
Is the property you are buying in good condition? - Your Surveyor will detail what needs to be done, You can then cost those works and consider reducing your offer to the seller.
Are there any risks associated with the property? - Your Conveyancer acts for you and protects your interests. Searches are specific to a property. Please ask if you need additional searches carried out. You should look forward to being the legal owner of the property.
Is the property worth your offer? - The lender will need a valuation carried out. This reduces the risk to the lender if it values to what you have offered. When the valuation is lower than your offer then you should meet with your Conveyancer to discuss what alternatives you have. You can re offer or simply pull out of the property purchase.