1. Budget preparation

To buy a house in the UK, banks need to determine their own loan amount, calculate the funds available for purchasing the property, reserve space for miscellaneous expenses, and consider one-time expenses and property holding fees.

Choose a property

Be sure to clarify the purpose of buying a house in the UK and sort out the demand (location, internal and external configuration of the house, check-in time, etc. ) and find a professional British housing consultant to search for a suitable property.

Pay a deposit

The buyer quotes and entrusts the real estate agent to negotiate. After accepting the price, the buyer signs the purchase order and pays the deposit, and the transaction is initially reached.

4. Lawyer intervention

After the purchase order is signed, lawyers need to intervene (deal with the transaction and financial part, investigate the legality of buying real estate and other legal issues). When buying a house in Britain, British law requires that a lawyer must be hired. Professional real estate agents will also recommend reliable lawyers for long-term cooperation.

5. Sign the contract and pay the down payment

The buyer's lawyer exchanged the contract within 2 1 day after receiving the contract from the seller's lawyer, and both parties signed the down payment, thus the British house purchase transaction was formally established.

6. Loan application

Apply for a loan 3-6 months before the completion of the British property. If the buyer meets the requirements of the lender, the bank will provide the loan details to the buyer and the buyer's lawyer. If you need a loan to buy a house in the UK, it is recommended to arrange the plan as soon as possible to prevent the loan from not being in place when you hand over the house.

7. Check the room and hand over the house

Two weeks before the final completion of the property, the owner who gets the house key can go to inspect the house and check the facilities. At the same time, the seller's lawyer provides the completion certificate, the bank lends money according to the loan approval amount, and the buyer pays the balance. When buying a house in Britain, you must pay attention to all aspects of acceptance.

8. Paying taxes and transferring ownership

Pay stamp duty through lawyers, and then the lawyers will register the land ownership for the buyers; After the registration is completed, the land registration department will issue a land certificate to confirm that the registrant is the property owner. Buying a house in Britain is basically completed.