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Save Money on your house purchase!
Step
1 Find the perfect House.
Using the internet for selecting can save you hours of
trekking up and down the country.
Tip, if you go
through a Virtual agent there is a good chance you will
save on the "Real Estate Agents Commission"
New - Self-help site:
Advertise
your property FREE! at: www.homes-seekers.co.uk/
Virtual
Estate Agents:
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| 08004homes.com |
100,000 UK properties |
| www.easier.co.uk |
"Guided tours of
your choice property"
No Agents, No fees, Have your pictures scanned-in to
their website |
| Fish4Homes |
200,000+ Properties, As
in Regional Newspapers |
| Halfapercent.com |
London wide agent with
online Virtual Tours! (and only 0.5%) |
| Home
to Home |
Related to 08004Homes |
House
Web - Buying and Selling
guides etc
Did you know that over 5% of homeowners sell their property without an estate agent?
Selling your home using the Internet is now as effective as using an estate agent, with one major difference... You don't pay the agent's commission.
That's a typical saving of over £4,000. |
For a limited period we're giving away HouseWeb's 21-page "Guide to Selling Your Home", which includes:
Click here for your
free copy
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- Selling - Options & Costs?
- Agent or the Internet?
- Reducing My Costs
- What is My Home Worth?
- The 6 Myths of Agents
- Marketing my Property
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| Hunt
a Home |
Advertise for Free: Self
help site |
| PropWatch |
Buy and sell direct via
email! |
| Make
the Right Move |
Tips and Advice |
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Here are some aids to selection:
New Legislation coming: The Home Sellers Pack
The responsibility for documentation will swap from
buyer to seller! |
More info from
Legal & General |
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If you want a greater choice:
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Estate
Agent Cooperatives |
| AssertaHome |
Rent or Buy online from
CGNU (200,000 properties details from 3000 Estate Agency
Branches): |
| Find
a Property
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20,000 Properties from 650+
Estate Agents |
| Guild of
Estate Agents |
Small selection |
| Home Movers |
200,000+ properties from Estate Agents |
| Home Sale Network |
Properties from 650 Estate Agents |
| Homes-On-Line |
6,000 estate / letting agents |
| National
Directory of Estate Agents |
400,000+ properties to rent or buy in UK towns |
| Numberone4property |
Nation-wide Independent
estate agents network |
| Partners In
Property |
Estate Agents Network |
| Primelocation |
240 Agents |
| Property File |
30,000 properties in UK & France,400 Estate Agents |
| Property
Finder |
400 Estate agents, 60,000 properties |
| Property
World |
UK and Overseas from hundreds of Estate Agents |
| Team Property |
20,000 Properties, Estate Agents, UK/Spain |
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Step
2. How to finance your dream home:
Option 1 Cash?
Good for you - go for it - there is hardly any
other investment that is as 'safe-as-houses'.
Option 2 Mortgage? OK - what type? - Endowment? - Go to an
insurance company or a mortgage broker tied into insurance
companies. Straight repayment? then you need to decide on
Flexible or Level term; Fixed rate or variable rate
interest. You may also weigh up whether to mortgage via a
Bank, Building Society, or just go to an intermediary.
Need help: see hints and suggestions below
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Survey |
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Hint: Save on the Structural Survey. 40% of
homebuyers spend hundreds of pounds on a Structural Survey
which tells you every dimension of the
property and what it is made of. However,
The lender simply needs to verify the
property is a safe investment ie can they
recover the loan if you default on payments:
A Valuation Survey, typically £100, will
satisfy this need as well as identify any
repair work considered appropriate. |
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Option 2 Mortgages?: Think
about What type and Where to source: |
| Type |
Term |
Interest |
Source |
Repayment
Mortgage
For Repayment Mortgages
Check out Freebeez main Banks & Building Societies Page |
Level Term
You agree at the outset the length of term, typically 25
years |
Fixed Rate
(Beware penalty clauses) |
Bank |
| Building Society |
| Variable Rate |
Bank |
| Building Society |
Flexible Term
(Beware lousy rates in return for facilities offered)
The lender allows variable repayment amounts and/or
dates |
Fixed Rate
(Beware penalty clauses) |
Bank |
| Building Society |
| Variable Rate |
Bank |
| Building Society |
Endowment
Mortgage
You buy an insurance policy which you hope
will pay off the loan at the end of the term. (You
only pay interest during the term).
The risk is if the endowment doesn't grow
sufficiently to cover the debt... |
Insurance Company |
| Tied agent, eg Bank, Building Society |
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