The home buying
process made simple
6 steps to buying your new home
This home buyers’ guide from mortgage specialists Nottingham Building Society tells you everything you need to know about the steps to buying a house - from first viewing to getting your new front door key.
Do your research
Before you head off house hunting, it’s important to begin with the basics...
Getting the right mortgage
Finding the right mortgage is as important as finding the right property. A good mortgage deal might even mean you can afford more than you think.
Now you’ve got a handle on your finances, the home hunting fun can begin! Follow our tips to help you find out as much as possible and make the right offer.
Do your research
Find out what properties nearby have sold for, check out energy efficiency and factor in the hidden costs. Here are some sites to help you find the answers and start your research:
Selling your home
The prospect of selling your home is daunting enough - even more so if you’re looking to buy a property at the same time. The decisions you make as you juggle the two could save you – or cost you - many thousands of pounds.
Solicitors and surveys
Now it gets serious! With so much at stake choosing a good solicitor and an appropriate survey might be the best money you spend.
The conveyancing process
So what do we pay solicitors for? From searches to drafting contracts find out more about the key stages and why things can often take longer than we’d like.
Arranging a survey
You’ll need to check that the house you want to buy is really worth what you’ve offered for it. In addition to your lender’s Mortgage Valuation Report (MVR) you should think about a more detailed survey. Read more about surveys:
Time to move in!
Your ‘completion day’ is the day the money’s transferred from your mortgage provider to the seller. Your solicitor will organise this for you – then all you have to do is collect the keys.