Checklist for Buying a House





A brief checklist for buying a house:

1. Workout how much you can afford from your savings plus any mortgage.
2. Deduct the estimated cost of legal fees, valuations, stamp duty etc see below.
3. Find a house within negotiating distance of your budget.
4. Make an Offer.
5. Do your own mental survey of the location, shops, schools, transport and environment to make sure it is where and how you want to live.
6. Instruct a solicitor.
7. Make a formal application for a mortgage.
8. Pay a token deposit.
9. Get the property surveyed.
10. If necessary renegotiate the price or get owners to rectify problems or look for a new property.
11. Check that the solicitor has found no hitches.
12. Exchange contracts.
13. Check with utilities that meters will be read just before you move in.
14. Complete- this is the final contracting process and you then get the keys.
15. Move In.

Extra Costs may Include.