The house buying process

So you have decided to take a big step and purchase your own home, buying a house is one of the biggest financial decisions you will make in your life. Although this is an exciting step, its both lengthy and complicated often fraught with stress and worry. After finding a home you like the process from having an offer accepted to completion of the sale takes about 12 weeks.

It is important to have a good understanding of the process as it will help you avoid some of the most common hazards of home buying. The following outlines the main stages you will go through when buying your first home.

• Work out how much you can afford
• Get a mortgage Agreement in Principle
• Choose your home
• Hire a solicitor
• Make an offer
• Have a survey and valuation done
• Do any necessary legal work
• Arrange for life assurance
• Finalise your mortgage
• Exchange contracts
• Organise your move
• Finalise your contract details
• Move in!