How do i go about buying a flat? Where do i start and what are the steps of doing this. May sound dumb but i dont have a clue. :)
2007-02-21 02:13:23 · 9 answers · asked by Anonymous in Home & Garden ➔ Decorating & Remodeling
Have you got any savings? Go and see a mortgage advisor...
Otherwose, chnnel 4 have great tips on buying your first property...
http://www.channel4.com/4homes/buyingandselling/how2buy/h2buy_firsttime.html
They have step by step things to do!!
Good luck - ive just been through it all!!
2007-02-21 02:17:55 · answer #1 · answered by Chazza xx Baby born 7/11/09 4 · 1⤊ 0⤋
Well the first step is to go and see a mortgage adviser and find out how much you can borrow and what sort of mortgage you can afford. Then once you know what you have to spend, go and see your local estate agents or estate agents in the area you want to live and tell them what you want and how much you have to spend. Then the estate agent will arrange some appointments for you to go and view some flats. Make sure you check how much maintenance and ground rent you will need to pay as most flats are leasehold and run my a management company who carry our repaiirs and clean the communal areas. When you see one you like, you need to make an offer. You don't have to offer the asking price first off, see if you can get a deal. Then when the offer is accepted you need to instruct your solicitor to carry out the work for you. this will normally cost between £500 and £1000. you will also need to get a survey done on the property and contact your mortgage lender.
2007-02-21 11:43:57 · answer #2 · answered by ? 6 · 0⤊ 0⤋
When i bought my first flat, i got my estate agent to do everything, they sorted the solicitors the mortage the lot all i had to do was sign papers. It was a bit more expensive but it was worth it especially with a first time purchase. Now i have seen how the process works i now get find my own solicitors and mortgages. I literally went into the estate agents, said i want that flat, never done this before so please sort it all out for me and walked out. Just bought a flat in about 5 minutes.
2007-02-21 10:27:56 · answer #3 · answered by rose 3 · 0⤊ 0⤋
firstly you need to see a financial adviser who will tell you how much of a mortgage you can get.then on that basis you go to estate agents,look in the local paper,find properties you can afford,view them and go from there.Dont rush into anything and dont settle for the first few you see.Take your time and if you can take a friend.Its hard work but with the right advice you should be able to enjoy looking round.One very important thing though always pay that little bit extra to have a proper survey done on the property of your choice as in the future this could save you thousands.Good luck!
2007-02-21 10:22:36 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Start saving a lot of money!
Set budget!
Look for the flat in area you want!
Check the bank loan!
Start working on with these 3 things first!
2007-02-21 11:02:14 · answer #5 · answered by Swiss 3 · 0⤊ 0⤋
first go and see a mortgage advisor. he will let you know how much you can borrow. usually 3 times your salary. ie you earn £30,000 a year you can borrow £90,000. So with a small flat costing about £150,000 you only need to save up £60,000.
Unfortunately that's the reality these days.
2007-02-21 12:40:47 · answer #6 · answered by curlyloxx 3 · 0⤊ 0⤋
first go to a mortgage company and see if you qualify for a mortgage.. try a bank etc .. after that providing you have the finance ..estate agents
2007-02-25 04:57:26 · answer #7 · answered by boy boy 7 · 0⤊ 0⤋
look at an estate agent 1st,then a bank for an mortgage,
2007-02-21 16:24:33 · answer #8 · answered by Anonymous · 0⤊ 0⤋
go to an estate agent, your local one, and go in and tell them your situation, and they'll tell you the rest on what steps to take.
2007-02-21 10:16:44 · answer #9 · answered by Marv 6 · 1⤊ 0⤋