With the property market in a state of uncertainty as mortgage rates keep rising, making the right choices when moving home is ever more critical.
There are a number of things to consider, the most important is usually the location. Is it well situated for the good schools, a decent transport service and medical facilities?
There are other vital points to consider as you move forward and you should always seek the best advice and services available.
Finance
Without the money, the deal won’t happen, so make sure you shop around for the right finance. It might be appropriate to consult a mortgage broker or adviser who will be able to offer guidance on what is the best financial deal for you.
Also, make sure you have enough to cover the sometimes hefty bills involved in a move.
Legal advice
Make sure you take on a professional who can guide you through the legal process. A conveyancing solicitor will have plenty of experience in this field and be able to carry out the legal work needed to buy a property and spot any potential pitfalls that affect the purchase.
Surveys
Your lender will already have ordered a valuation to make sure the amount of the loan is covered by the property value. Once the process is underway, it is advisable to get a separate survey to assess the physical condition of the property and can give an independent valuation.
Insurance
You will have to provide the building insurance policy you need in order to purchase a property and it would be wise to purchase contents cover to protect your belongings.
Energy Performance Certificate (EPC)
A domestic energy assessor is qualified to assess the energy efficiency of residential properties like houses and flats. They prepare reports and make recommendations for cost-effective ways to improve energy performance in buildings.
Contract exchange and completion
Once contracts have been exchanged and the completion date is set, it’s time to book a removal firm and start thinking about setting up those household bills for your new place.
Need help with moving house and related legal issues? Contact us today.