Process of Residential Conveyancing

Your Conveyancing Services PROCESS OF RESIDENTIAL COVEYANCING PROCESS OF HOUSE BUYING PROPERTY SEARCH MAKING AN OFFER GETTING A MORTGAGE VALUING THE PROPERTY MORTGAGE OFFER CONVEYANCING (THE LEGAL WORK) COMPLETION & MOVING IN REQUIREMENT POINTS TO BE CONSIDERED BEFORE YOU WILL BE ELIGIBLE TO BUY A HOUSE CREDIT SCORE CHECK: THE AVERAGE CREDIT SCORE IS 780 IN THE UK. REFERENCE: HTTP://WWW.EXPERIAN.CO.UK/ DEPOSIT (15-25%): TO GET A MORTGAGE THAT IS 4 TIMES OF YOUR EARNINGS YOU WILL REQUIRE A DEPOSIT OF BETWEEN 15%-25%. CONSTANT EARNING: THERE WOULD BE CONSTANT EARNING AT LEAST £25,000 EVERY YEAR. LENDERS ALSO WOULD LIKE TO SEE AT LEAST 6 MONTHS PAY AS A PROOF. THE PROCESS ONCE CLEARED THE ABOVE STEP, NOW YOU START YOUR HOUSE BUYING PROCESS AS MENTIONED BELOW: MALE: £30,000 * 4 = £120,000 FEMALE: £24,000 * 4 = £96,000 AVERAGE UK SALARY COMBINED LOAN VALUE: £216,000 4* MORTGAGE LOAN: YOU CAN GET MORTGAGE LOAN 4 TIMES OF YOUR YEARLY COMBINED EARNING. MORTGAGE IN PRINCIPLE: YOUR MORTGAGE IN PRINCIPLE WILL TELL YOU WHETHER YOU ARE ELIGIBLE TO ATTAIN A MORTGAGE. SEARCH A HOUSE: AFTER KNOWING THE MORTGAGE VALUE YOU CAN FIND YOUR DESIRED HOUSE THAT SUITS YOUR POCKET. SURVEYOR: SURVEYOR WILL DEFINE THE VALUE OF YOUR HOUSE AND REPORT BACK TO THE BANK. MORTGAGE OFFER: LENDER WILL FINALISE YOUR MORTGAGE OFFER AFTER THE VALUATION OF SURVEYOR AND THEY ARE SATISFIED YOU CAN AFFORD THE REPAYMENTS, TAKING INTO ACCOUNT INCOME, OUTGOINGS AND EXISTING DEBTS. CONVEYANCING SOLICITOR: WILL UNDERTAKE ALL THE LEGAL SEARCHES FOR THE PROPERTY AND LIAISE WITH THE SELLERS' SOLICITOR UP TO EXCHANGE OF CONTRACTS AND COMPLETION OF THE SALE. DEPOSIT (15-25%): DEPOSIT WILL BE GIVEN TO THE CONVEYANCING SOLICITOR. BANK LOAN: DEPENDING ON THE MORTGAGE OFFER AGREED BANK WILL ISSUE THIS LOAN TO THE CONVEYANCING SOLICITORS. SOLICITORS: AFTER COMBINING DEPOSIT AND BANK LOAN, SOLICITOR WILL MAKE UP 100% OF THE AGREED PRICE WITH THE SELLER. BENEFIT OF YOUR CONVEYANCING SERVICES UNBEATABLE FEATURES: CONVEYANCING FROM ONLY £98 PLUS VAT LOWEST LEGAL FEES GUARANTEED EXPERT RESIDENTIAL CONVEYANCING SOLICITORS МЬ HIGHLY EFFICIENT & PROFESSIONAL SERVICE ARRANGING ALL REQUIRED INSPECTIONS ЛР COMMITTED STAFF LIMITED SPECIAL OFFER LEASEHOLD PURCHASES FOR FREEHOLD PRICES CONCLUSION CURRENTLY IN THE UK THE AVERAGE HOUSE BUYING PROCESS TAKES 3 MONTHS, BUT YOUR RESIDENTIAL CONVEYANCER CAN MAKE THIS EASIER. HAPPY HOUSE HUNTING HTTP://WWW.YOURCONVEYANCINGSERVICES.COM/ 35 STOW HILL, NEWPORT, NP20 1JE 0845 868 1782