Guide: How to buy a house in London

BUYING and getting your own house has always been responsibility and investment for everyone.

What’s more satisfying than getting to rest comfortably and safely in your own home?

If you are planning to buy a house and are not sure what to do, continue reading.

Choosing a house in London

London offers a lot of properties.

Choosing where exactly to settle can be difficult and exhausting.

To lessen the trouble, you can find your best house at 1newhomes.

It’s easy as you can just scroll and see all of your available options.

But before you decide which one to choose, you need to be prepared and consider important factors.

Factors to consider in choosing your house in London

Before you even start looking for a flat or house, it is crucial to consider the following to reduce the chances of encountering many problems and issues in the future.

Here are some of the things you might want to take into account:

Location

It is one of the essential things to consider when choosing your forever home. You wouldn’t want to live in an inconvenient place.

More importantly, you have to make sure that the location of your desired house is secure.

Ask the question: Does it feel safe for you and your family when you stay there?

You wouldn’t want to be added to London’s existing crime issues or even get to witness some.

Make sure you’re choosing a place that will make travelling convenient for you as well, near your work and other important areas. These developed areas are also usually safe and secured.

Size

Decide how big or small you want your house to be.

In addition to this, consider the things you’re going to take with you when you move in, will they fit the size of your chosen house?

Also, how many of you are moving and going to live in the house? If you want to have kids in the future, too, you will need to consider them. Will they be comfortable in the available space?

Financial status

Getting a house is a financial commitment, so make sure you are financially capable of acquiring and having one.

First, think about the cost of the house, will you be able to shoulder that cost?

There are many things you’d need to pay while buying, and even after purchasing, like deposits and mortgages.

There are also other living expenses like bills, so carefully assess your financial condition before settling in.

Procedure in buying a house

Now, buying a house isn’t simple and straightforward. It requires a thorough procedure.

Legal statements and papers are needed to be read and signed before you can finally call your house your own. Below is a general process you would have to go through to get a house:

Know how much you would need

Learn about costs or deposits you are required to consider for a property.

With this, you can calculate how much you would need to save from your earnings to accommodate this investment.

Choose your house

Take your time in choosing the house that best fits you. Don’t just get hung up on style.

Take into account all the critical factors and preferences you have as well.

Such as design, structure, and cost.

Evaluate all your choices and select the one you want and need the most.

Try to create an offer

Most agents and direct sellers accept and consider offers from their potential customers.

You can try to make one, either verbally or through a letter, especially if you want to get the property for a lower price. There is no harm in trying.

Get a solicitor

You can get a solicitor or an adviser to help you with the process.

Registered solicitors and legal advisers are a great help when buying a house.

They handle all legal works of the house’s purchase, and they can also represent you throughout the whole buying process.

They will also check with the authorities for any issues with the property.

Survey

Survey the property to get knowledge and information about potential repair and maintenance costs. If issues are determined during surveying, the house’s price can be further negotiated and decreased.

Seal the deal

After all inspections, offers, and deals, it’s now time to finalize everything and exchange contracts.

You will be given the contract details as well. Make sure to read and understand it well.

Sign only after you’re satisfied with it. After this, all needed payments shall be paid to the seller or their agent or solicitor. Legal fees, stamp duties, and other necessary charges shall be covered as well.