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So, you want to buy a house

April 13, 2022 7:15 am

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In the UK, house ownership is seen as an aspiration that everyone should have. It might be that you’ve been renting for quite some time and you want to get a place of your own. Finally, you can decorate it how you want it to look rather than asking if it’s ok to do it with the Landlord. Whilst it means that you are responsible for the upkeep of the place, the sense that it’s yours generally overrides this. What do you need to do to get one?

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Houses are expensive. You’ll need to have a large loan from a bank or building society to get on. Here is the first hurdle. Banks and Building Societies won’t lend you the full amount. You have to have at least 10 percent of the asking price. For example, the average price of a home in the UK is £250,000. This means that you need to have £25,000 at least in savings.

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Assuming you have that, and the Mortgage company agrees to lend you the rest, you then need the services of a Conveyancing Cheltenham based company like https://www.montpellier.legal/. A Conveyancer makes sure that the legal side of the house purchase is covered. They will also make sure that the money for the house is transferred to the people who built it or are selling it. I’m sorry to say that you do not get the money in your account at any point.

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