The most important thing is to evaluate your maximum loanable amount. Usually go directly to the bank to consult the mortgage service. Usually, the maximum amount I can borrow is four times my salary. The basic requirements are: 1, without any criminal record; 2. No bad bank records. The visa period is at least half a year. If it is a husband and wife, the loan may be 3.5 times the total salary of the two. If it is a student, the bank generally does not consider it.
Check the house
After getting AIP, all you need to do is look at the house and choose the one that suits you. Usually, it is through real estate agents to find their own suitable housing. Recommended websites: www.rightmove.co.uk (publishing UK housing information) and www.findaproperty.com (analyzing and comparing UK housing and prices). Usually, after seeing a suitable house online, I immediately call the intermediary to make an appointment to see the house. Remember to choose the latest house information within 3 days when using the website search, because the house changes too fast. If it is not within three days, it will probably have been sold. When looking at the house, you can show AIP to the intermediary to show the seriousness of buying a house, and you can have certain advantages when giving a quotation.
offer a price
Usually, after seeing the house you like, you can give a price, which is not necessarily higher than that required by the intermediary or the landlord. You can bargain, but usually there is not much room. All agents and homeowners like first-time buyers, because there are no chain stores and there is not much trouble. At the same time, you can send an agent to see how serious you are about buying a house. The intermediary will submit your price to the homeowner for consideration, and if you agree, it will reach the first key step in the whole process of buying a house.
4. Legal proceedings (1)
At this time, you need to give your lawyer's information to the intermediary, including name, address, telephone number, lawyer's name and so on. Usually within 2 days, the intermediary will send a letter to you and your lawyer to confirm your initial intention to buy a house, including the address and detailed information of the house to be bought. After getting the detailed information, contact the mortgage consultant as soon as possible, notify the bank to make an appointment for survey and evaluation of the property. The specific results are usually known within a week. You can get a formal loan within two weeks.
5. Legal proceedings (2)
By this time, all the work is basically handled by lawyers. What needs to be done is to prepare funds. According to the different value of the house, prepare corresponding funds, including the down payment of the house 10%, as well as legal fees and stamp duty.
hand over
Handover procedure: Usually, the completion time of the procedure is about 6-8 weeks. When all legal procedures are completed, hand over the formalities in the law firm, including signing the contract and getting the key.