Moving House
Buying a house is one of the biggest financial decisions you will make in your life. It is a lengthy and complicated business, which while exciting is often fraught with stress and worry. Swift Finances is there to make your home-buying experience as easy and problem-free as possible. Our experienced staff will offer support and advice at every stage.
Getting a clear idea of what you can afford and what your monthly payments are likely to be is a good place start. If appropriate we can issue you with a mortgage guarantee which will put you in a strong buying position as sellers will know you have your finance arranged. If you are selling a property we can also supply you with a Home Information Pack at a subsidised cost
It is important to have a good understanding of the process as it will help you avoid some of the most common hazards of home-buying. This is where our experienced advisers will be able to help, as we deal with these situations every day.
The Buying Process - Typical stages
- work out how much you can afford - an adviser will assist you in drawing up a household budget.
- Get a mortgage agreement in principle (AIP)- after researching the market and finding the most suitable mortgage, we will provide you with this.
- Making an offer - Once you have your AIP, you are in a stronger buying position.
- Hire a solicitor - With your offer accepted it is time to get the legal work done. We can provide you with a solicitor if you require, or use someone local who has been recomended to you.
- Have the property inspected - There are basically three levels of inspection, we will help you to decide the most appropriate.
- Arrange life insurance and protection - Buildings insurance is mandatory and we will ensure it is in force for the exchange stage. Other insurances are optional and we will discuss these with you.
- Exchange of contracts - At this stage you will have had your formal mortgage offer and would now be comitted to the purchase.
- Organise your move - With a date set for completion you can now arrange to move in.
- Completion - This is when you become the legal owner of the property and can move in.
