![]() Government has a range of schemes to help people buy a home. The larger your deposit, the more favourable the mortgage deals you are likely to be able to access. Adding this sum to your deposit will give you an indication of your budget. You can typically borrow a multiple of your household income and this amount will be influenced by your credit score. Most buyers will require a mortgage in order to purchase a home. What can I afford?īefore you start looking for a new home, you should have an idea of how much you can afford to spend on a But remember - their primary role is to help the seller sell their property. The estate agent will help guide you through the buying process and work with other parties to help the sale progress. Energy assessor – able to answer queries on the Energy Performance Certificate (EPC).Specialist professional or tradesperson – able to advise on any maintenance or building works that are identified in the survey.Mortgage broker or adviser – able to advise which mortgage is best for you.Surveyor – able to assess the physical condition of the property and can give an independent valuation.Legal representative/conveyancer – able to carry out the legal work needed to buy a property.Insurer – able to provide the building insurance policy you need in order to purchase a property and the contents cover to protect your belongings.Lender – able to lend you money to purchase the property. ![]() If you are thinking of buying a property, you should seek independent financial and legal advice.ĭuring the home buying process a number of specialists can offer you advice or assistance: It is intended as a helpful overview of the process it is not a definitive statement of the law and not all of the steps are mandatory for all cases. ![]() More information on buying property in Scotland or Northern Ireland is available through the links. It is intended for people purchasing a home in England or Wales. If you’re looking for more information on buying to let, details are available in government’s How to let guide. It covers purchasing a property which is currently rented out, but only if you plan to live in it yourself. It includes a short overview of how to buy a leasehold property – more detailed information is available in government’s How to lease guide. First-time buyers may find it particularly useful, but as the buying process can change, even more experienced buyers can benefit from understanding the latest key steps. This guide is for people who are thinking of purchasing a home. ![]()
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