Process of Residential Coveyancing

Process of House Buying

Property Search

Making an offer

Getting a Mortgage

Valuing the Property Mortgage Offer

Conveyancing (the legal work)

Completion & moving in

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RequirementPoints to be considered before you will be eligible to buy a house

Credit score check: The average Credit Score is 780 in the UK. Reference: http://www.experian.co.uk/

Deposit (15-25%): To get a mortgage that is 4 times of your earnings you will require a deposit of between 15%-25%.

Constant Earning: There would be constant earning at least £25,000 every year. Lenders also would like to see at least 6 months pay as a proof.

The Process

Once cleared the above step, now you start your house buying process as mentioned below:

Unbeatable features:

Combined Loan Value: £216,000

Male: £30,000 * 4 = £120,000 Female: £24,000 * 4 = £96,000

Average UK Salary

4* Mortgage Loan: You can get mortgage loan 4 times of your yearly combined earning.

Mortgage in Principle: Your mortgage in principle will tell you whether you are eligible to attain a mortgage.

Search a house: After knowing the mortgage value you can find your desired house that suits your pocket.

Surveyor: Surveyor will define the value of your house and report back to the bank.

Mortgage Offer: Lender will finalise your mortgage offer after the valuation of surveyor and they are satisfied you can afford the repayments, taking into account income, outgoings and existing debts.

Conveyancing solicitor: will undertake all the legal searches for the property and liaise with the sellers’ solicitor up to exchange of contracts and completion of the sale.

Deposit (15-25%): Deposit will be given to the conveyancing solicitor.

Bank LBank Loan: Depending on the mortgage offer agreed bank will issue this loan to the conveyancing solicitors.

Solicitors: After combining deposit and bank loan, solicitor will make up 100% of the agreed price with the seller.

Benefit of Your Conveyancing Services

Conveyancing from ONLY £98 plus VAT

Lowest Legal Fees Guaranteed

Expert Residential Conveyancing Solicitors

Highly Efficient & Professional Service

Arranging all Required Inspections

Committed Staff

Limited special offerLEASEHOLD Purchases for FREEHOLD PRICES

http://www.yourconveyancingservices.com/35 Stow Hill, Newport, NP20 1JE

0845 868 1782

Currently in the UK the average house buying process takes 3 months, but your residential conveyancer can make this easier. HAPPY HOUSE

HUNTING

CONCLUSION