Get a document from a lender stating how much they are willing to lend you. This shows sellers you are a serious buyer.
Most lenders require at least 5% of the property price, though 10–15% often unlocks better interest rates.
Budget for "extra" expenses, including Stamp Duty (tax on property purchases), solicitor fees, survey costs, and removal van hire. 2. The Property Search
You and the seller sign the contracts, and your deposit is transferred. At this point, pulling out results in heavy financial penalties.
Usually 1–4 weeks after exchange, the remaining money is transferred. You pick up the keys from the estate agent and officially become the homeowner. Pro Tip: Government Schemes
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