The New Homes Shop Limited Overview

First-time buyers may find it particularly useful, but as the buying process can change, even more experienced buyers can benefit from understanding the latest key steps. You will need independent legal advice and may also choose to have an independent property survey. Be sure to shop around for the best quotes and check you know exactly what you’re paying for so you can compare your options. If you are approached by someone offering to help you buy your home, always check what’s in it for them and don’t feel pressured to use their services. It’s important to note that no company can negotiate deals on the discount entitlement you are offered or house prices, on your behalf. Both will be your responsibility unless you live in a flat or maisonette, which usually cover buildings insurance in the service charges.

The service charge is paid to the managing agent or landlord towards the costs they incur for the services they provide, like repairs, gardening or cleaning of common areas. If you buy a leasehold property you may have to pay regular ground rent and service charges to your freeholder. If you’re looking for a property, for sale or to rent, you’ve come to the right place. We have tens of thousands of rental properties, many of which are advertised direct from private landlords who do not use the major portals and only advertise on

Don’t forget you’ll need to provide ID when submitting your application. The schemes operate in very similar ways – the main difference is the amount of discount you receive. We are passionate about providing housing and helping to transform the lives of our customers. As well as working alongside Registered Providers, we also partner with private sellers who are looking to sell their current Shared Ownership home. To give you the full membership experience, we will process your personal data in accordance with the H&M’s Privacy Notice.

This may only be refundable in certain circumstances, so check the small print before you pay. Has the property repeatedly changed hands or have previous sales fallen through – if so, why is that? You can check the former online by looking at ‘sold property price’ data, which will also tell you what price the seller paid for the property. However, as part of the decision in principle, the majority of lenders will carry out a credit search.

Credit score – a rating showing how likely a lender is to lend you money. Conveyancer – legal executive, licensed conveyancer or conveyancing solicitor who does the legal work to do with transferring the ownership of land or buildings from one person to another. They will generally owe a duty to their client to take reasonable care when carrying out that legal work. Ombudsmen provide a free and independent advice service for consumers who want to complain about a company. Once the ombudsman has received your complaint, they will investigate the claim on your behalf. If you withdraw from the agreement after exchange you may lose your deposit and have to pay compensation to the seller for other losses.

If you have a mortgage broker they may complete the application for you. Make sure you select a lender who offers the best deal for you for the property you wish to buy. During the process your legal representative will raise enquiries.

Share to Buy is the leading online portal for Shared Ownership properties. Other costs to consider when buying a home include solicitor and mortgage broker fees – you can find out more about these costs on Share to Buy. Discover our huge selection of apartments, flats and houses for sale, many of which you won’t find anywhere else online. Unlike other property search engines, on you’ll find homes advertised from private sellers, estate and letting agents, private landlords, online agents and property developers.

Proof of address – driving licence, bank or credit card statement, utility bill . Shared Ownership and Shared Ownership Wales may be able to help you buy when you aren’t able to afford a property on the open market in a specific location. The larger your deposit, the more favourable the mortgage deals you are likely to be able to access. We will now review your application and endeavour to get back to you with a response as soon as possible.