2. Buying a home
Buying a new home can be a stressful and confusing process. It's vital that you understand the basics before moving into the property market.
When you start looking for a home to buy there are plenty of places to look:
- your local estate agents
- the internet – search for estate agents and new housing developments
- the local newspaper
One thing to consider when moving home is the Council Tax band that your new property will be in. Check which Band your house is in or find out the current Council Tax Rates for each Band.
There are many mortgage providers around that all want your business. Shop around to find a mortgage that best suits your circumstances, don't just take the first offer.
Help to get a mortgage
If you want to buy a property, but are having difficulty accessing the mortgage, there are schemes which may help. There is the Local Authority Mortgage Scheme and the government's Help to Buy scheme.
Please note that Stockport Council does not operate the Home Move Purchase Grant scheme at present.
There are a number of hidden charges to consider when moving house including;
- Stamp Duty
- Arrangement Fees
- Valuation Fees
- Legal Fees.
It's important to get legal advice when buying or selling a home.
Your solicitor will do a number of searches in relation to the house that you're buying. This includes making sure that the people selling the house actually own it. They will also arrange the transfer of deeds and the signing of contracts.