Things to think about before you buy your new home.
Don't leave it to the last minute to get organised. This handy blog post covers everything you need to know before you buy your new Beal home.
Set a budget
When buying a home, try to concentrate on whether buying is affordable and works in the long-term. Don’t panic-buy or risk financial ruin just to get on the housing ladder. Look at the bigger picture and your personal finances.
Work out the true costs
Remember, there’s a lot more to it than simply buying a home and moving in. There are legal costs and agency costs before you even move in and decorate.
Add to your budget:
Mortgage arrangement fees
Furniture and extras
Go down to sale suite
Before you view a house, prepare a list of questions.
Here are a few questions you might want to think about. Feel free to ask us anything about our homes, don’t worry, no question is too silly!
- How long will it take until the house is built?
- Can I choose my own fixtures and fittings?
- How can I reserve my home?
- What can you tell me about the local area?
Reserve your home
You’ve made the huge step in choosing your new Beal home, now we will invite you to our Selection Studio where our expert architects and designers can work with you to create your very own bespoke living space.
The legal stuff
Getting the expert services of a solicitor is highly advisable and beneficial. They will handle all the drawing up and explaining of contracts, and deal with the Land Registry among other things. They’ll also handle all of the money when you’re finally ready to complete the deal.
Getting a mortgage
Government schemes, such as Help to Buy, have helped increase the chance of mortgages for people by lowing the deposit to 5%. But keep in mind that borrowers pay a premium interest at this level.
Do your own research, read up on current rates and the kind of deals on offer. You can apply for a mortgage direct though a bank or building society, or use a mortgage adviser who can do a market-wide search on what would be best for you. Keep in mind that some mortgage advisors do charge extra.
For mortgage advice, we recommend mortgagehall.co.uk
Getting the keys
Congratulations, you’re now officially a homeowner!
All the legal paperwork will be completed for you to become the owner on your completion date. You’ll be able to pick up the keys and all you have to do now is move your stuff in.