What
to be aware of with your new property purchase
Buyer
beware apart from the mortgage valuation
So
now your are about to buy a new property loan, your
first home and get on the property ladder here listed
are a few tips
to
be mindful of to potentially avoid future problems and
to purchase a home that has better potential. This is
a massive descision that will have a large impact on
your life so doing some research and taking due diligence
should pay valuable dividend. It is very expensive and
troublesome to move so making the right choice is important
When
you look at the property try and make several visits
to the road and area on different days and at times,
this will give you more of a feel for the surrounding
location you are potentially interested in buying. Look
out for traffic levels, parking, noise, street clutter
and troublesome neighbours. If possible maybe talk to
few residents if you get opportunity and enquire what
the neighbourhood is like.
Enquire
if there has been any subsidence in the local area for
example if the region is build on a mainly clay soil.
This can potentially have movement issues in long dry
periods of weather, the summer of 1976 created a large
number of subsidence claims. This can cause higher insurance
costs and effect future selling.
Help
and guidance
Does
the property have tall trees or bushes that are placed
in close proximately to the property. Does the roof
look old. Does the roof sit square or are there bows
and dips on it. Do drains run near the property that
are near shrubs. Are there cracks in the walls especially
in the top and bottom corners and run a fair length.
Do internal doors and external windows open and shut
true. Are there any damp patches throughout. Do the
roof timbers seam clear of damp or rot. Are the electrics
new and not a group of add on boxes at the fuse board.
Does the boiler and heaters look in good conation.
It
may be wise if you have a friend who is a builder to
take him in for an informal inspection. Careful home
inspections can pay off.
| The
following APR relates to the above products only.
THE OVERALL COST FOR COMPARISON IS :-
8.9%
APR
The actual rate available will depend upon your
circumstances ask for a personalised illustration. |
