FAQ’s: A guide to the buying process.

Buying a house can be both exciting process but also it can be stressful, especially if you have never purchased a property before. If so, don’t worry here at Blount & Maslin Estate Agents we are here to help! Searching for properties online and arranging lots viewings is part of the process, however there are a few tasks that you can complete to put yourself in a strong purchasing position before you find your dream home! In the next two blog posts we will take you through the buying process and what you can expect:

Understand and improve your credit score:

It is important to have a good credit rating to ensure you can qualify for the best possible range of mortgages and interest rates. Check your credit rating with a site such Experian they will also suggest ways in which you can improve your credit rating if it is low!

Get your paperwork in order:

You will need to provide a mortgage broker, and eventually your chosen solicitor and estate agent, with a range of documentation including proof of address, finances and identity. We recommend finding out what you will need in advance to speed up the process.

Mortgage In Principle (MIP):

Put yourself in a good position to move forwards when you do find your dream home by ensuring that you have a Mortgage in Principle. Find a good mortgage advisor before you even start looking at properties, soyou know your budget limitations. Ask friends who they used, or pop in and ask us, we have a range of advisors who we can recommend.

Listen to your agent:

As Estate Agents with over 50 years of experience, we are experts on the local property market. People rarely end up buying the property that they envisioned when starting their search. Make sure you explain clearly your need and requirements and we will try and find the best solutions for you! Try and be open minded and you never know what you’ll find!

If you would like to read more about finding your ideal home, check out out blog post on the subject here.

Next month we look at the process of making an offer, solicitors, surveys, exchange and completion.