Nowadays, for domestic high-net-worth individuals, buying a house in UK is a very worthwhile investment! More and more people are starting to turn their attention to the UK!# {3}
So in order to buy a house smoothly, British Real Estate has summarized the following 7 suggestions for you!
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About the house purchase budget#{16 }
1. Estimating the family's disposable income
When buying a house, you must correctly estimate the family's disposable income. Generally speaking, these two parts of the funds must be spent before buying a house. It must be reserved, firstly for the daily expenses of the family, and secondly, reserve funds for medical insurance and prevention of unexpected disasters.
2. Choose the appropriate housing price and area
After estimating the family's disposable income, investors can make targeted Choose a residence with high cost performance. The prices of houses of different sizes in different locations are different. It is recommended that you first choose a location that suits your consumption level and then consider factors such as the area and layout of the house.
3. All taxes and fees should be settled in advance
The payment of taxes and fees occupies a considerable proportion when purchasing real estate, and the largest part is Real estate transaction fees, legal fees (lawyers), stamp duties, survey fees, etc. Investors must understand clearly the types of taxes and fees that need to be paid when buying and selling a house.
About the location of the house!
If you are buying a house mainly for investment, you need to find one with developed business and large room for appreciation; if it is mainly for self-occupation, it needs to be divided into school districts, retirement homes, and vacations, and the surrounding facilities should be mainly considered Living facilities, transportation, medical conditions , and educational resources.
In an international city like London, due diligence must be done beforehand.The environmental conditions of different neighborhoods are different, including crime rate, greening, educational level of nearby residents, international reputation of nearby schools, etc., which are all factors that investors need to consider.
About the choice of housing
Before actually viewing the house, you should mainly understand the following points:
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The layout and structure of the house;
The orientation of the master bedroom and living room, and how it is decorated;
#{ 59}Is the house a Council House (municipal property tax )?
Is there a commercial store and what type of commercial store it is;# {66}
Existing house or off-plan house;
How long is the property rights of the house and how much is the renewal fee when it expires; # {74}
What are the service charges?
About the sale Price Comparison
#{80 } The pricing of housing prices in foreign countries is the same as in China. It mainly depends on the average price of nearby communities and other factors (refer to the house selection standards).When buying a house for the first time, it mainly depends on whether it is what you like, whether the price is acceptable, the real estate cycle, the long-term macroeconomics, and the number of real estate listings in the region. In the short term, the price is actually not much different.
If the house is located in your most ideal area and meets the conditions for schooling, living, retirement, medical care, etc., price is not the first factor to consider.
About house purchase loans
Which bank to borrow depends on your personal situation and the bank's Mortgage Rate. Different banks have different situations . Some Banks require permanent residence, some require a work visa for one year, and some only require proof of the legal source of the house payment, such as a house sale deed, receipts from stocks or other financial gains, wills or other gift certificates , savings certificates, etc. .
Different banks have different situations. Of course, the more stringent the conditions, the lower the interest rate; the higher the down payment ratio, the smaller the loan amount, the lower the interest rate, and the more banks to choose from.
