What is the process in
buying a home?
Andrew and Andrew
Looking for a new home is a rea l ly exc i t ing t ime,
whether i t be your f i r s t , second or th i rd . Employ ing
conveyancing so l ic i tors Emsworth could be what
you need to make th is exc i t ing t ime an equal ly
smooth and hass le- f ree one , as even the most
seasoned homebuyer can end up running into
complex surpr ises on a new purchase .
The ro le o f conveyancing so l ic i tors Emsworth
includes a l l the legal aspects o f t ransfer r ing the
ownership of a property f rom a se l ler to a buyer .
Conveyancing matters , because i t ’ s v i ta l to be sure
of exact ly what you ’ re purchas ing in your new
home, but more on that later , for now let ' s move
on to the ear ly s tages .
Let's break down the basics
Fi rst th ings f i r s t , you need to f ind a property you
can t ru ly a f ford . That means s i t t ing down and
real ly breaking down income and outgoings . What
is the maximum you can af ford on your mortgage
payments? That ’ s when you take into account
counci l tax , ut i l i t ies and a l l the added costs o f
running a home - such as an emergency boi ler
breakdown fund! You a lso need to take
account what would happen i f your income were
to drop and inf lat ion or interest rates were to r i se ,
could you then st i l l make your monthly payments?
And remember your hard-earned sav ings won’ t just
be cover ing the cost o f your depos i t , but expenses
l ike mortgage company fees and stamp duty .
What mortgage is right for me?
We would recommend looking for your mortgage
as soon as you can , i t ’ s a lways worth apply ing and
making sure you ’ re ahead of the game, as the
process can be very t ime consuming . Mortgages
ava i lable
f inancia l
adv isers , mortgage brokers or lenders . Once you ’ve
appl ied f