A mortgage is a loan taken out to buy property or land. Most run for 25 years but will vary. The loan is ‘secured’ against the value of your home until it is paid off. Aspire Estate Agents advise that you speak to an independent financial advisor, who will have access to most lenders and the various deals offered.
There are several points to consider when searching for your ideal home. By contacting Aspire Estate Agents we can guide you through the process.
The average house viewing lasts 20-30 minutes so it is good practise to write a checklist of concerns and queries while visiting the property, so not to forget anything important that you wanted to ask.
It is unlikely that seller will accept your first offer unless it is at the asking price. You should work out how much you are willing to propose before entering negotiations. Aspire Estate Agents recommend that you devise a list of reasons to put forward if you are offering under the asking price.
It is essential to choose the right solicitor when purchasing a house as it will impact the progression of the sale. Aspire Estate Agents will assist you in selecting the best company possible.
When your offer has been accepted you will meet with your financial advisor to complete the mortgage application. Once all the paperwork has been approved, the mortgage company will direct the survey to go ahead. After the survey provides you with your valuation, you should receive your mortgage offer.
When all the legal paperwork has been signed off and a completion date has been agreed between you and the seller, your legal representative will invite you to review and sign the contracts. These are then exchanged with the sellers solicitor. Aspire Estate Agents will help you all the way through.