My Kitchen Table: 100 Quick Stir-fry Recipes (My Kitchen, 16)

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You should save the search information you receive in a safe place – it may come in handy for reference if you sell the property in the future, although searches are only valid for a certain number of months and therefore may need to be redone. 15. Your mortgage

income and your current outgoings, and will consider any changes that might affect whether you would be able to Making an offer on a property is a big step. You shouldn’t feel pressured to put in an offer before you are ready – a second viewing is usually helpful when deciding whether it is the right place for you.Many developers will ask you to exchange contracts and pay a deposit shortly after reserving the property. You should make sure your lender and legal representative are aware of the deadline and are able to meet it.

whether the lease contains any restrictive terms and conditions; for example it may not allow you to keep pets in the property.Before you begin viewing properties you should get a mortgage decision in principle. This is a written You should remember that buying the property is not going to be your only expense. You may also need money to pay for:

You can now choose the tax year that you wish to calculate. By default, the 2023 / 24 tax year is applied but if you wish to see salary calculations for other years, choose from the drop-down. To use the tax calculator, enter your annual salary (or the one you would like) in the salary box above HM Land Registry – searchable property information (e.g. flood risk) and advice for joint property owners and for boundary questions

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leasehold – where you own the right to occupy a property for a fixed number of years, typically 99 years or more. Buying a new build property can be quite different from buying a second-hand home. You may be buying home) surveyor – it is advisable to employ the services of a qualified surveyor to conduct a homebuyer’s survey before purchasing a property. You need to consider how you are going to move your belongings into your new home. You may be able to move yourself or hire movers to help you.

You may be able to claim tax relief for additional household costs if you have to work at home for all or part of the week. Who can claim tax relief Once your offer has been accepted, you need to complete a full mortgage application for the lender you wish to use (this can be either the lender who gave you your initial decision in principle, or another provider). energy performance – how is the property’s energy performance? What would need to be done to improve it? This information can be found on the property’s Energy Performance Certificate or EPC although certain properties (usually historic buildings) are exempt from providing EPCs. If access to your property is difficult or you have unusual items to move, ensure the removal company visit before giving you a quote. 20. Preparations for moving A leasehold property means you only own the property for a fixed number of years. You have the right to live in that property, but you will need to follow any rules laid down in the terms of the lease. Flats are often leasehold, but houses can be too.

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letter of engagement – sets out the terms of agreement between the client and their legal representative including client instruction, fees, timescales and other relevant information. You should strongly consider having a survey carried out. A survey is useful because it will advise you of minor maintenance and major works required on the property now and in the future. decision in principle – a written statement from a lender to say that ‘in principle’ they would lend a certain amount to a particular prospective borrower. You should advise the agent of your legal representative. You should receive a memorandum of sale from the estate agent which outlines your offer in writing and provides details of the legal representatives for each party. Specialist professional or tradesperson – able to advise on any maintenance or building works that are identified in the survey