At Halifax, we want to make home buying as easy for you as possible and this video is here to help you as you begin to think about the process.
First of all, you need to check that you can get a mortgage. You'll usually need a deposit of at least 10%.
To help, try using our online mortgage calculator on our Home Finder app
There are a few other costs you must take into consideration, such as... The property will need to be valued for your lender. A survey will highlight any possible defects or structural problems.
You'll need a solicitor or conveyancer to carry out all of the legal work. There will be fees for obtaining searches and checking the legal title to the property.
On properties costing over £125,000, Stamp Duty Land Tax of 1 to 7% will be payable.
And finally, remember that most mortgages will have a product fee associated with them, as well as a mortgage account fee.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
To find out more about arranging your mortgage check out our six other home buying videos and download our new Halifax Home Finder app today: http://www.halifax.co.uk/homefinder
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