Tips on buying a house ?

Question

My and my boyfriend are about half way through saving up for pit mortgage, I’d love to know some tips from people who have experience in buying a house, or even how to buy everything you need and any extra deposits you need to pay, I’m in the uk

Anonymous · Answer

First get a survey done on the proposed property because if there are hidden faults then you may not want to buy it.If you are having a mortgage the mortgage company will insist on a survey being done. Engage a solicitor or property conveyancer to handle the purchase and they will do all the work for you.

Anonymous · Answer

My tip is...Never buy a house with a boyfriend/girlfriend.

sunshine_mel · Answer

You'll need a minimum 10% deposit

You'll also need to factor in:
- stamp duty (depends on whether you've owned a property before, and the value of the property you're buying
- solicitor fees (around £1000)
- moving costs

Maxi · Answer

UK: Each of you should be saving up in individual 'help to buy' ISAs if you are first time buyers as individually you could get £3k meaning together  £6k for free towards any deposit..however I would also advise you to get married before you purchase a house together

Bond James Bond · Answer

First get a survey done on the proposed property because if there are hidden faults then you may not want to buy it.If you are having a mortgage the mortgage company will insist on a survey being done. Engage a solicitor or property conveyancer to handle the purchase and they will do all the work for you.

Tavy · Answer

Pit mortgage? Never heard of that in the U.K.
You will need 5 to 10% of the asking price for a deposit and more for stamp duty depending on the price, and around 3K for Solicitors fees and searches.
Don't go with the Estate  agents Solicitors , they charge a bomb and get a kick back on the fees.

If any US answers, ignore Escrow, closing and other weird terms, we dont have that here.
UK

Tips on buying a house ?

6 Answers