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Buying a home in Scotland
1. House hunting
It helps to have some idea of what kind of property you
want, and where you want to live.
When viewing a property, don't be afraid to ask essential
questions. A useful tool is the home buyers checklist. Why not print a
copy to take along when viewing a property.
2. Appointing a conveyancer
Once you have found a property you are interested in
you need to appoint a conveyancer. We can help you find a conveyancer
if you don't already have one.
3. Checking your mortgage arrangements
Before you make an offer, you can arrange to get your
Halifax mortgage agreed in principle by applying for a Mortgage Promise.
Apply online for our time-saving Mortgage Promise. It
tells you if we will give you a mortgage and how much you can borrow,
subject to a satisfactory valuation and the information you have given
us being correct.
4. Arranging a valuation
You will need to arrange and pay for a valuation survey
on the property.
5. Making an offer
Once you have your Mortgage Promise and valuation, you
should talk to your conveyancer about making an offer on your behalf to
the sellers' conveyancer.
6. Offer accepted
Once your offer is accepted, you are legally bound to
buy the property.
7. Apply for your mortgage
You now need to complete a full application for your
Halifax mortgage. Our Mortgage Advisers will talk you through all the
mortgage options available. Call 08456 00 10 00 (8am - 8pm every day)
or visit any Halifax branch.
8. Conveyancing
Conveyancing covers things like checking legal documents
relating to ownership of the property and making local authority searches
to find out if there are any plans in the pipeline that would adversely
affect the property and its value.
9. Your mortgage offer
Once we have made all the relevant checks and everything
is OK, we will make you a mortgage offer. This will arrive by post.
In the meantime we'll have sent you a password so you
can keep track of your mortgage application online. Just log onto our
Mortgage Enquirer service.
10. Conclusion of Missives
This is the stage when the terms of sale and purchase
of the property are confirmed. You will need to sign the document that
transfers the property to you and the mortgage deed (called a 'standard
security'). Your conveyancer will explain these documents as well as the
mortgage conditions. The conveyancer will confirm to us that the property
has a good and marketable legal title and will ask us for the mortgage
money.
11. Settlement - collecting the keys
On your behalf the conveyancer will pay the balance of
your purchase price to the seller's conveyancer. You can now collect the
keys.
Now the exciting part - moving in.
If you have any problems/queries please e-mail us at
YOUR HOME IS AR RISK IF YOU DO
NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT. ALL
LOANS ARE SUBJECT TO STATUS. SECURED LOANS ARE SECURED ON PROPERTY
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