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Cheap Property in UK

Checklists

Checklist provided by 

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If you are buying a property at a discount to make money from buy to let or renovation, create a business plan first. For a free version, contact us.
Most properties are sold at a discount because they need a deal quickly, so research and secure finance that can conclude deals in up to TEN working days.
Create time to research the market and the property types that you are looking to purchase so you are clear of what properties are actually selling for and can therefore spot or negotiate a bargain price.
  Find the best resources for you to research genuine discounted property.
  Sign up to the EI Group to find out about the auctions in your area.
  Choose a Legal Company that specialises in buying properties quickly (so you don’t lose the deal because of slow moving legals).
  Carry out viewings, check what the motivation and timeframe is to buy from the owner – understand why they would be willing to except an offer below the true market value.
Check via professionals such as builders, electricians, gas engineers etc what work is required to bring the property up to scratch to live in, rent or sell on.
Make an offer subject to an independent survey and agree the timescale to purchase the property.
Contact us to find out what to do if your offer is rejected.
Offer accepted.
Organise an Independent Survey.
Finalise your Mortgage Offer and Insurance.
Manage the purchase of your property.
Manage the purchase of your property.
Organise the work required on the property to achieve your objectives eg moving in yourself, renovating to sell on, work required to rent the property out.
Arrange for the deposit to be in place.
Exchange contracts.
Organise Change of Address if you are moving in yourself.
Complete your purchase and start work to prepare the property.
Pay the Stamp Duty and check the SDLT forms have been filed.

 


All our information is brought to you by Kate Faulkner, author of
Which? Property books and one of the UK's top property experts.
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