Buying a property
Buying a new home can be exciting and also pretty daunting, but all you need is ESPC.
Our ten steps for buying include:
- Finding a solicitor estate agent
- How to get independent mortgage advice
- Top tips for viewing
- How to make an offer
Check out all ten steps now
Maybe you’re buying your first home or perhaps you’re moving up the ladder? Either way, it’s a huge task, often with a major financial commitment. The ESPC experts are here to help you make the right decisions.
Speak with an Independent Financial Adviser. The team here at ESPC Mortgages can help you find out how much you can borrow and what your repayments would be. The amount you can borrow will be based on your salary (or joint salaries if applying for a joint mortgage), combined with your spending habits and commitments.
There are literally hundreds of mortgages out there and they are all called different things: fixed, variable or tracker rate.
Found somewhere you love? Take a closer look at the Home Report. This contains three items: a Single Survey, a Property Questionnaire and an Energy Report and it can help you work out the condition of the property and make a more informed decision when placing an offer.
Once you find a house you think you might buy, you need to speak to your solicitor. This is probably the trickiest part of the entire house buying process – deciding how much to bid. It requires market knowledge, commercial instinct and – just as important – a good slice of luck. Your solicitor pays a crucial part in this process. If you decide to go ahead, your solicitor will submit the formal offer.
Once you’ve made an offer and it’s been accepted, you need to get your mortgage approved. If you’ve already got an Agreement in Principle, this stage should be a bit easier. Your IFA will help you every step of the way.