Did you spot my mistake at the beginning of the video? I was meant to say "You wouldn't be wrong" Are you buying your first home at the moment or have bought your home? How did you find the process?
I'm in the U.S. but its still really interesting to see the process for buying homes in other countries as well! Nice channel by the way, great quality videos 👍
Great video. The bit that wasn’t clear to me is when each of the party can bail out. You mentioned that the lender and the seller can stop the process if the value differs from the offered one. Can the buyer do that as well? Could the buyer add more conditions in the offer to protect themselves more? Because it seems that the substantiated offer makes the buyer bound to it, which seems unfair.
All of this seems pretty normal except for the parts where the lender tells you how much they are willing to lend for a particular house and as you said that in England the property survey is not all done upfront. I'm not from the UK by the way.
Well, the fact that the lender will decide on how much money they are going to lend you base on anything else other than your ability to pay them back is a bit weird but I guess this is to discourage overpricing of properties.
Did you spot my mistake at the beginning of the video? I was meant to say "You wouldn't be wrong"
Are you buying your first home at the moment or have bought your home? How did you find the process?
How many properties do you have?
@@Hallo-vt5rf 1 complete, working on the 2nd
@@MattBrighton oh nice
I'm in the U.S. but its still really interesting to see the process for buying homes in other countries as well! Nice channel by the way, great quality videos 👍
Thanks Daniel! Appreciate it 🙏
Great video, cheers mate. Helpful to refer back to when I get this process going!
Good luck for when you do!
This video is really cool ive always wondered what the buying process was like in the UK
Haha - long, length and backwards!
thank you, so as well as having to raise funds for a deposit I need around 3k set aside to pay for fees! Trying to find a house is stressful enough.
So informative! Love it 😊
Thanks Hasan! 😀 good to see you still putting vids out as well!
Great video. The bit that wasn’t clear to me is when each of the party can bail out. You mentioned that the lender and the seller can stop the process if the value differs from the offered one. Can the buyer do that as well? Could the buyer add more conditions in the offer to protect themselves more?
Because it seems that the substantiated offer makes the buyer bound to it, which seems unfair.
Very informative and sincere thanks to you
Glad it was helpful!
For a first time buyer buying a no chain property will it still take that long?
All of this seems pretty normal except for the parts where the lender tells you how much they are willing to lend for a particular house and as you said that in England the property survey is not all done upfront. I'm not from the UK by the way.
Usually the lender will give you a rough idea. Then as you go into full application they’ll get a surveyor to check it for their final offer
Well, the fact that the lender will decide on how much money they are going to lend you base on anything else other than your ability to pay them back is a bit weird but I guess this is to discourage overpricing of properties.
Do one of these but for rental property’s!
Same process - you just rent it out at the end & mortgage is a buy to let one
Nice 👍🏾
Glad you found it useful!