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COMMERCIAL FINANCE

The Home Buying Process

If you’re a first time or inexperienced property buyer, you may find the following steps helpful when buying a home. If you choose FFP we will be here to help you every step of the way.

A step by step guide to the home buying process

Important facts about buying a property

Stamp duty

This is paid on completion of the purchase via your solicitor, so make sure you budget for it in advance. Stamp duty is an indirect tax, it is payable on the purchase price of your property.

Please use the link below to work out what potential stamp duty you may have to pay: Stamp Duty Calculator

Solicitor’s fees

These can be expensive. Make sure you get a quote in advance so you can budget for these costs, which include third party disbursements for things like search fees. FFP can introduce you to a solicitor who we have had a good working relationship with.

Home Insurance

Insurance for the building must be in place on the day you exchange contracts. We are happy to arrange competitive buildings insurance for you and make sure your solicitor and new mortgage lender has the details prior to your exchange date.

ANY PROPERTY USED AS SECURITY, INCLUDING YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. COMMERCIAL MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY OR THE PRUDENTIAL REGULATION AUTHORITY.

To speak to one of our experienced mortgage advisers today about all your mortgage and protection requirements

Call FFP today on

01745 530020

or fill out the Contact Us form.

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