Solicitors for mortgages, estate agents, surveyors… There are a lot of people to pay and many costs to be incurred during a house move. This is why it is important to compare costs to get the best deals. You can save huge amount of money by using comparison tools online.
What does it mean to buy off plan?
Buying off plan means purchasing a property that has not yet been built, literally using the plans that have been drawn up to pick the house or flat you want. Conveyancing solicitors should be able to process the case without issue, as long as they have the expertise required. This is one of the reasons that choosing mortgage solicitors with that specific experience is important. Before you can buy off plan, most developers will want to see a mortgage agreement in place. You will also usually need to pay a deposit – anything from five to 10 percent.
The problem could be that most mortgage providers will only keep their mortgage offer valid for six months. If the property takes longer than that to build, then you may have to re-apply and the rates might have changed. If you can’t get another mortgage offer, you may lose your deposit. Additionally, a survey will need to be carried out before and after the build is completed. This could change the loan once the lender actually sees the building. Other than these differences, the process of buying off plan is the same as buying a property that has already been built.
Solicitors for mortgages are not hard to find, but the right solicitor for your mortgage could be.
That’s why you should compare conveyancing fees with Conveyancing Index at https://www.conveyancingindex.co.uk.
We have the expertise to provide you with the ultimate savings package. Find out more by calling 0203 874 2020 today.