House Purchasing:
buying a new home

Almost all the information that you read online about house buying begins with a statement about how stressful and complicated purchasing a new home can be.

At CFS we always try to keep things simple and keep you feeling in control. To this effect, we try to offer as many helpful services as possible – a kind of ‘one stop shop service’. As you read through the advice below, why not check out some of the excellent services that we can offer you?

So let’s take a quick look at how to go about purchasing a new home with as little stress as possible.

Mortgage calculators
It is crucial to work out what you can afford at the very start of the process. Our excellent online calculators can help you do a few basic sums. Check out: what can I afford to borrow? Remember that mortgage calculators only provide a starting point and it’s best to speak to an expert mortgage adviser to look at affordability in more depth.

Finding the best rate mortgages
When you think about it, this is as important as finding your ideal home since the security of your home rests upon your being able to keep up the mortgage repayments. And yet how many of us give the mortgage as much consideration as whether we like the decor of our new home?

Finding the best rate mortgages can mean the difference of thousands of pounds. Consult a mortgage broker who can search the whole of the market to find the best mortgage deals. At CFS, we don’t charge for our expert mortgage service, which can help you save money at a time when every penny counts.

Finding a conveyancer
Understandably, due to the financial commitment involved in purchasing a new home, there is a fair amount of legal work involved. Your solicitor should offer you a quote upfront so that you can factor in legal fees when doing your initial sums. It’s important to note that not only will there be search fees, but that you will no doubt have to pay stamp duty.

Your solicitor will obtain the property’s deeds, will let you know the property’s official boundaries, enquire as to whether there are any problems with the property that should be declared, and will let you know what exactly will be included in the purchase price – e.g. fittings etc. Your solicitor will also let you know if any future development is planned that might affect the property’s value, and will set a mutually agreeable completion date.