Top Tips for Purchasing Your Home

There are many practical steps that can be taken to minimise the stress associated with buying a house, leaving you free to enjoy the process. 

  1. Establish your budget and stick to it. The Central Bank have imposed rules on the banking sector which limit the amount that can be borrowed by home buyers. It is important that you engage with your bank to secure a mortgage in principle, which will save time when you find the house that you want, in your price range. 

  2. Put Insurance in place. Once you agree a mortgage in principle, it would be advisable to make contact with a broker to secure a quotation for life cover which will form part of the conditions of any mortgage that you receive. 

  3. Research! By carrying out some basic research, you can assess whether a property meets your requirements in terms of access to services and facilities. Some criteria to consider would include proximity to schools, local transport and other amenities. 

  4. Due Diligence. When you find a house that you want and agree a price, it is at this stage that you need to carry out some further investigations. The engagement of an experienced and insured property surveyor is essential. Your surveyor should inspect the structure, planning permission and boundaries of the property to ensure that there are no discrepancies. 

  5. Closing. Once your solicitor has carried out the investigation of title and your surveyor has completed their examination, if all matters are in order, the transaction can proceed to close, and you can pick up the keys to your dream home! 

*The above article consists of general recommendations and should not be interpreted as legal advice. You should  contact a Solicitor to secure advice specific to your individual requirements. In contentious business, a Solicitor may not calculate fees or other charges as a percentage or proportion of any award or settlement. 

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