Buying your first home can be the greatest and most difficult day of your life.
It is an enormous purchase to make, and you may have struggled for years in order to save up for this day.
However, while you might be very pleased with your success, there are some steps that you should take to make the Conveyance (referred to as the process of Conveyancing) of your Newcastle home much easier.
Warland Solicitors in Newcastle can help you to make the right moves when buying a first home. You may be eligible for a Grant or Exemption depending on your circumstances.
Check that you can afford a home
When you save long and hard for a mortgage, it can be hard to hear that you just don’t have enough, but at an early stage in your search for a first home, it is vital that you make sure you are really eligible for that loan.
Make sure that you research all of your options before taking the plunge. There are a number of Brokers that may also be able to assist you and we can help you find the best ones.
Get all of your money together
Once you know that you can get the mortgage, you need to assemble all of your finances together.
Pay off any debts that you might have (and re-check your loan eligibility). Have that money in a place where you can easily access it.
Make sure to add a little more to the pile each time you can, because first-time buyers can never have too much money in their hands. Always leave yourself a buffer zone.
Examine the area
When you have found a house you like, make sure that you examine the area and make sure that it is what you want.
Talk to Warland Solicitors about Newcastle locations, including good places and cheaper, less advantageous places that might be within your budget.
You will also need to ensure that the block and zoning is suitable for your future plans including additions, renovations or even knock-down and rebuilds.
Council and other parties are involved in this process and we can guide you in the right direction.
Look closely at the property
Want to make sure that you are buying a good home, and not a dud?
At Warland Solicitors, we can put you onto good people who can help you to detect any potential problems with your future home.
When inspecting the home, make sure the heating & AC work, check the water pressure and any appliances and ensure that all of the building and improvements meet code.
Surveyors can provide a report and the Council can issue a Building Certificate in order to further check the property.
Only work with the experts
See a Solicitor, rather than a Conveyancer. The costs are relatively the same and a Solicitor has the qualifications to see the matter to its conclusion.
There are also other legal services we can discount such as Wills, Power of Attorneys and Enduring Guardianships, at the same time as your purchase or sale.
Also, Rather than trying to work your own way around Conveyancing Transactions, it is important that you take the time to work with experts like Warland Solicitors.