Step 1: Contact the intermediary.
Whether it's email, phone call or going directly to the real estate agent, it's a wise choice. Tell them your intention and expectation of buying a house, and the sales consultant will look for a suitable house according to your budget and direction. In Britain, real estate agents are professionally trained and need a license to operate. Because of my working relationship, I have friendship with many landlords, and I also know which location is considerable and which room type is more popular. In addition to searching for market information online, the way to quickly understand the market situation is to contact the intermediary.
Step 2: Choose and make a decision.
In the British real estate market, there are many different types of houses. Before making a decision, buyers need to carefully consider many factors, such as budget, location, real estate area, traffic conditions and proximity. Before buying a property, the buyer needs to test what the purpose of the purchase is, or whether it is living. If the property is for rent, then buyers need to know that many tenants will consider having comfortable living facilities and convenient transportation around the property. If the buyer has a family, is there a suitable campus near his home?
Step 3: capital preparation and loan consultation
British banks and credit institutions will have different loan plans. Generally speaking, buyers need to contact loan consultants, who will find suitable solutions for employers and prepare documents for applying for loans. Because loans play a vital role in the whole purchase process, professional consultants of real estate agents help solve the formalities and simplify the process. When making a budget, buyers need to consider the following expenses: agency fee, lawyer's fee, stamp duty, exchange rate, relocation fee, basic reconstruction or decoration. In addition, it is also a wise means to use the emergency fund to pay unexpected expenses.
Step 4: Find the ideal property.
Once you have decided on the conditions such as apartment type, you can choose one you are satisfied with from hundreds of houses in many areas. You can learn about the house information through the Internet or go directly to the company. Real estate agents can also provide you with appropriate housing information through email or SMS service. If you find the property you are interested in, we will arrange for you to see the house at your convenience.
Step 5: Quote
If you have found the ideal house, please inform the real estate agent as soon as possible so that your information can be transmitted to the seller in time. Buying a house will decide whether to sell the property according to your quotation and conditions. The intermediary will inform you whether the transaction is established and the effective time according to the seller's decision.
Step 6: The quotation takes effect.
After you choose the property, you make an offer and the offer is accepted. This stage is called' transaction'. At this stage, a lawyer will intervene to handle some financial problems of the transaction for you. We are happy to recommend excellent lawyers for you to simplify your purchase process.
Step 7: Determine the loan.
Before your lender provides a loan, they need a mortgage evaluation to ensure that your loan does not exceed the value of the property itself. After you meet the requirements of the lender, they will provide you and your lawyer with the loan details.
Step 8: Exchange contracts
A formal exchange contract agrees to the terms of sale, making them legally binding between you and the seller. After exchanging contracts, you can set a mutually agreed completion date for the transaction. Date of transfer of property rights and transfer of funds.
Step 9: Move in.
Congratulations! Now you are the legal owner of your new home. Before that, your lawyer will transfer the balance to the seller's lawyer account. Once the transfer is confirmed to be successful, the transfer documents and property certificate are yours, and all the steps of buying a house are completed. Enjoy your life in your new home.