Budget for "extra" expenses, including Stamp Duty (tax on property purchases), solicitor fees, survey costs, and removal van hire. 2. The Property Search
In the UK, Freehold means you own the building and the land. Leasehold means you own the right to live there for a set term (often 99 or 999 years) but pay ground rent or service charges to a freeholder. buy house uk
Before browsing listings, you need to know what you can actually afford. Budget for "extra" expenses, including Stamp Duty (tax
You and the seller sign the contracts, and your deposit is transferred. At this point, pulling out results in heavy financial penalties. Leasehold means you own the right to live
Check for damp, the age of the boiler, and the condition of the roof. Don’t be afraid to visit the neighborhood at night to check noise levels. 3. Making an Offer
Most lenders require at least 5% of the property price, though 10–15% often unlocks better interest rates.