Make a list of your priorities before purchasing a new home, including the neighbourhood,
facilities and transportation options.
This rule applies regardless of whether you want to live there or let it to tenants. Easy access
to bars, restaurants, and stores is always desirable when renting to students. Families, on
the other hand, could like big, open locations and desire to be close to a good school. You
can learn more about real estate pricing once you have focused your search.

While some buyers choose to pay cash, most people who invest in real estate need a
mortgage. Your mortgage advisor can calculate how much your monthly repayments will
likely be after they know how much of a deposit you have. We may suggest an impartial
financial advisor who can guide you through the process if you’d like some assistance
choosing the best house loan.
Property sellers will see that you are serious about making an investment once you have
obtained a Mortgage Agreement in Principle from your preferred lender.

You typically have three months from the date of the Mortgage Agreement in Principle to
identify the perfect real estate investment. Give yourself plenty of time to look at several
houses because this may take longer than you anticipate.

When you’re satisfied with a property, it’s time to submit an offer. You must inform us as soon as possible of the price you are willing to pay so that we can provide the seller the information so they can begin to think about it.

Hopefully, you and the seller will ultimately agree on a price, at which point your lawyer will become involved. Poppys Estates can assist you in finding a solicitor if you do not already have one. In order to expedite the transaction and ensure that all legal criteria are met, you will want to hire a recommended specialist.

It is also now time for you to formally apply for a mortgage so you can ensure the lender will be prepared to lend you the money for your preferred real estate investment.

You should check with your mortgage lender to be sure they are not lending you more
money than the home is worth. To ease your mind and get a more comprehensive
understanding of a home, you can choose to have a homebuyer or building survey
completed.
Once they are satisfied with your real estate investment, they will email your solicitor your
mortgage offer along with all the necessary information.

Contracts can be exchanged once you’ve signed your mortgage paperwork and sent the deposit to the seller’s solicitor.  As a result, the sale’s terms become legally enforceable, and the home-buying process can be completed.

The remaining funds will be transferred, and ownership of the property will formally shift. This will take about four weeks, but if you need it, we can help you expedite the exchange.

The remainder of the money you owe will be paid to the buyer’s solicitor on or around the day of completion, and they will acknowledge receipt. You now possess the title deeds and the transfer papers, and you may pick up the keys to your new real estate investment.

WELCOME TO YOUR NEW HOME !!!!!!!