Buying A House (UK):  Mortgage, Remortgage, Fees, Process.
About The Video.
Buying a house: Which? This video highlights - 
  • A checklist of the whole process.
  • The importance of choosing the best mortgage.
  • Total costs.

NOTE:  The video gives a reasonably timeless overview.  It's worth remembering that specifics like costs, deposits and stamp duty were correct when the video was made but may be out of date today.​
Wellness.
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  • Be patient: For most people house purchase is the biggest commitment of their lives.  For most people moving to a new home is a stressful and time consuming event.  For most people moving from house-to-house is impractical.  SO DON'T RUSH.  Take your time. Remember playwright William Congreve's warning about acting in haste and repenting at  leisure.
  • Become aware: Location is still a major consideration in any house purchase but knowledge of the 'market' is vital.  The UK housing market is constantly changing, become a student, keep an open mind and spend time in the areas you are looking to purchase in.
  • Be ethical in your dealings: When it comes to house purchase it seems like, everyone has a horror story. Treating people fairly is a two-way street.  Your actions should be beyond reproach and if anyone you are dealing with acts otherwise, withdraw.  
  • Don't automatically accept or reject anything:  Look at everything you can and remember the advertised price is often just a starting point.  Pre-qualifying property without viewing may mean that you miss out on a hidden gem.
  • Be happy: Buying a new home is an adventure.  Treat it like a puzzle that has to be solved not a trial that has to be survived.

What's Next?

There are a few practical things to get done.

Prior to making an offer -
  1. If applicable put your property up for sale.
  2. Establish a realistic purchase price.
  3. Consider using a mortgage broker.
  4. Get your mortgage agreed in principle.
  5. Find a solicitor.
  6. Establish a relationship with the local estate agents.
  7. Properly research each property you view, why is it for sale? How long has it been on the market? Is there a chain? Are there any known problems with the property or the area?
After you have made an offer -
  1. Always consider a proper structural survey of your new property not just a valuation.
  2. Make sure you insure the building(s) for the correct amount at the correct time (lender/solicitor will advise).

How Can I Help?

Follow up today with a Seize Control of Your Money Session:
I can help with your specific issues in a private 30 minute one-on-one session delivered live online via Zoom Video.  £0.00.
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​Arrange a 'Personal Finance' online group workshop.
If you need direct help in getting a Mortgage or Remortgage email us and we can introduce you to a broker we trust.
It's important to stress the difference between the principles involved in good financial planning that a Seize Control of Your Money session offers and the advice/sale of selected financial products, instruments or services of which we have no direct involvement.