Out & About July 2017

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10 STEPS TO YOUR

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&RQWUDFW H[FKDQJH The contracts will now be exchanged and a completion date agreed. &RPSOHWLRQ GD\ Your purchase is now complete and you can collect WKH NH\V WR \RXU ¿UVW KRPH &RQJUDWXODWLRQV Remember, within your initial purchase, various fees may be payable, including; stamp duty, solicitors fee, valuation fees, application and booking fees. +DYH \RX FRQVLGHUHG 6KDUHG 2ZQHUVKLS" Purchasing a Shared Ownership property means part buying, part renting your property. You’ll buy a share of WKH SURSHUW\ DW ¿UVW SD\LQJ UHQW WR D KRXVLQJ association or landlord for the rest. You will only need to pay a deposit on the part you are initially buying. You will be paying your mortgage as well as rent to the housing association or landlord. Buying this way could mean a lower initial deposit with an option to buy more shares further down the line. For more information on buying a home, you can visit our Newbury branch, call us on 01635 522588 or email QHZEXU\#QHZEXU\ FR XN <285 0257*$*( ,6 6(&85(' 21 <285 +20( 7+,1. &$5()8//< %()25( 6(&85,1* 27+(5 '(%76 $*$,167 <285 +20( <285 +20( 0$< %( 5(3266(66(' ,) <28 '2 127 .((3 83 5(3$<0(176 21 <285 0257*$*(

&RXOG WKLV EH WKH \HDU \RX EX\ \RXU ¿UVW KRPH" *LYHQ WKDW EX\LQJ D KRPH LV WKH VLQJOH ELJJHVW SXUFKDVH PRVW SHRSOH ZLOO HYHU PDNH LW¶V LPSRUWDQW WR JHW LW ULJKW ,I \RX DUH D ¿UVW WLPH EX\HU KHUH DUH WHQ NH\ VWHSV \RX ZLOO QHHG WR WDNH LQ RUGHU WR EX\ \RXU ¿UVW KRPH *HW LQ WRXFK ZLWK D PRUWJDJH SURYLGHU Agree a mortgage in principle; this will tell you the price of the property you can afford to buy. *R KRXVH VKRSSLQJ Look at as many properties as you can to get a good idea of what is out there and don’t forget to explore local facilities. Will the area suit you? 0DNH DQ RIIHU When you have found the property for you, you can make an offer, keeping in mind the amount you can borrow. 0HHW ZLWK \RXU PRUWJDJH SURYLGHU 6SHDN WR \RXU PRUWJDJH SURYLGHU DQG ¿QDOLVH \RXU application for your mortgage. 'HFLGH ZKDW \RX QHHG WR NQRZ DERXW WKH SURSHUW\ The property will be valued, producing a basic report. If you want to know more about the property, you can organise for a home buyers or full building survey to be undertaken. ,QVWUXFW D 6ROLFLWRU Now you will need to instruct a legal representative to undertake the conveyancing process for you. 5HFHLYLQJ DQ RIIHU ,I \RXU PRUWJDJH SURYLGHU LV VDWLV¿HG ZLWK DOO WKH information in your application, they will make you a mortgage offer. 3D\LQJ WKH GHSRVLW You will need to pay the deposit to your solicitors, who will arrange the purchase.

Jane Bosher 6HQLRU 2I¿FH 0DQDJHU

NEWBURY building society

1HZEXU\ %XLOGLQJ 6RFLHW\ LV DXWKRULVHG E\ WKH 3UXGHQWLDO 5HJXODWLRQ $XWKRULW\ DQG UHJXODWHG E\ WKH )LQDQFLDO &RQGXFW $XWKRULW\ DQG WKH Prudential Regulation Authority (Financial Services Register number 206077).

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