Monday, 09 May 2016 07:40

First Time Buyers Buying Property. Best Compare Online Conveyancing Fees, Costs

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First Time Buyers when buying property should use a moving cost checklist. Budget Control. Use our quick quote Solicitor finder service. Compare online conveyancing fees and costs. Use a fixed fee Property Solicitor. Best value conveyancing made easy for your first property purchase.

Moving cost checklist - First Time Buyers go online to compare moving conveyancing costs quickly and efficiently. 

It is an exciting time when buying your first house. Unfortunately costs can spiral out of control which is why we recommend using a moving cost checklist.

A simple checklist that you can produce yourselves. You can then compare costs online and before you instruct any key professional you can formulate a realistic budget. 

First Time Buyers Affordability Check

The first step to home ownership is to clearly understand what you can afford. It is wise to assume that costs will go up. Which is why speaking to an Independent Mortgage Adviser, Broker that has access to the whole of market best deal mortgages makes sense. After a Mortgage Market Review with your Adviser you can look forward to understanding what the best mortgage deal is and what the Lender is prepared to offer based on your income. You can take into consideration your partners income also.

Friends and Family - What costs do you need to budget for

Why not ask your friends and family to detail what costs they have to budget for each month. This gets you moving towards using an accurate cost checklist. By taking time to understand what you need to budget for will help you confirm what you can afford each month.

Compare online conveyancing fees, costs.

Use our quick quote Property Solicitor finder service to compare accurate, best value Conveyancer fixed fees and costs for your first purchase. No personal details are required to view a comprehensive range of conveyancing quotes. You can search by price, location and by Mortgage Lender. Some lenders do advise that you use a Conveyancer on their approved conveyancing panel. Check this out, this can slow down your purchase if you choose a Solicitor that isn't on the Lender panel. 

Consider Exchange Insurance.

Exchange Insurance is a policy that protects the majority of your purchase costs up to exchange of contracts. If the property fails to exchange and you are forced to pull out through no fault of your own then this cover makes finding a replacement property so much easier. You would have replacement funds to keep moving towards home ownership. The policy details what is covered and you can add the Exchange Insurance when you are requesting that a Solicitor calls you to discuss your quote using our online quote service. No obligation to proceed, but it helps to have the Exchange Insurance detailed in your quote. You can then ask your Solicitor all about it. You also get a copy of the details alongside your conveyancing quote in your in box.

By taking out this Insurance your Comprehensive property searches included in your fully inclusive conveyancing quote can be ordered promptly.

The Moving house detail - Whats involved? Keeping a tab on costs.

The costs do mount up when buying a house but the majority help you to decide if you should move forward with your dream property. A survey can uncover the unexpected. If it does then pause and decide what the costs are to bring the property up to the RICS (Royal Institute of Chartered Surveyors) standard. If you can negotiate a reduced purchase offer for your property then that initially sounds great, Remember the works highlighted in the Survey still need to be budgeted for. Watch out for your lender holding back monies until repaired works have been carried out and passed. This is called a retention. 

It maybe better to get the works carried out before Exchange so that any monies are not held back by your Mortgage Lender. The vendor would carry out the works in this instance. Your are bound to buy the property once you have exchanged. 

Freehold Leasehold Property

Which is better a freehold or leasehold property? Freehold has no time constraints. Leasehold property does have time constraints. Your Conveyancer will explain what term the leasehold is for and if it is wise to extend the leasehold. The leasehold term is linked to the market value of the property. A mortgage will only be granted if the leasehold term fits within the lenders loan criteria. 

Read 1105 times Last modified on Monday, 08 August 2016 20:02

Why Choose Us

Save & Convey in partnership with The Homebuyer Conveyancing panel provides you the Homebuyer or Investor the conveyancing tools to find your property legal professional – Your Conveyancer. We understand that selling, buying and remortgaging freehold and leasehold property can be a stressful experience. We provide Free Instant conveyancing quotes where you can compare cheapest or nearest saving both time and money. You can book a call from your chosen Lender Conveyancing Solicitor or Licensed Conveyancer to discuss your quote.

Free No Obligation Advice

Need Conveyancing Advice From A Property Legal Professional? – Why not use our conveyancer finder and book a timed call back from your chosen Conveyancer.

Alternatively please call us on 0345 463 7664. We are here to help you.

Our conveyancing search filters provide specialist conveyancing quotes. Help to Buy, Right to Buy, Shared Ownership, Transfer of Equity, selling Freehold or Leasehold property or when you need a specific Lender Conveyancer that is on your approved mortgage conveyancing lender panel when you are buying or remortgaging freehold or leasehold property This is often applicable when you have a loan / mortgage.

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  • Book a timed call back from your chosen Conveyancer
  • Conveyancing Solicitors and Licensed Conveyancers that take time to explain in detail how they will work for you
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  • Our quotes are comprehensive and tailored to suit First time Buyers, Buy to Let Investors, Residential property buyers and sellers, lender specific Conveyancers
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