Sell House Fast Scotland | Quick House Sale in 7 days
For some it may seem like you will never be able to save enough money for the deposit on a house. With today’s living expenses it may seem like you never have the spare cash to put aside to buy your dream home. But there is actually some help out there, you just have to find it. There are schemes in place for first time buyers and tenants of council and housing association houses.
Cornovia provide a service which is no fee to help homeowners sell their house fast. Homeowners have been using this service which meant they could sell house fast Scotland.
Their new property buying service offers people looking for a quick house sale the opportunity to do so. Not only will they receive the best market price but they will also get it in the shortest period of time possible.
The article below explains a bit about the right to buy scheme which is in place to help tenants buy their homes at a discounted price
Read the full article here http://en.wikipedia.org/wiki/Right_to_Buy
Right to Buy
The Right to Buy scheme is a policy in the United Kingdom which gives secure tenants of councils and some housing associations the legal right to buy, at a large discount, the home they are living in. There is also a Right to Acquire for assured tenants of housing association homes built with public subsidy after 1997, at a smaller discount. About 1.5m million homes in the UK have been sold in this manner since 1980. Critics claim that this compounded a housing shortage for those of low income, initiated a national house price bubble, and what is commonly recognised as the displacement and social cleansing of traditional communities. Supporters claim that the programme gave millions of households a tangible asset, secured their families finances and by releasing cash to repay Local Authority loans, helped improve the public finances. As the homes sold were already occupied, there could be no net loss of “stock” as they were not available to other households to take over.
Council-type housing stock in Weaverham, now mostly owner-occupied
Individual local authorities have always had the ability to sell council houses to their tenants, but until the early 1970s such sales were extremely rare.
The Labour Party initially proposed the idea of the right of tenants to own the house they live in, in its manifesto for the 1959 General Election which it subsequently lost. Later, the Conservative-controlled Greater London Council of the late 1960s was persuaded by Horace Cutler, its Chairman of Housing, to create a general sales scheme. Cutler disagreed with the concept of local authorities as providers of housing and supported a free market approach. GLC housing sales were not allowed during the Labour administration of the mid-1970s but picked up again once Cutler became Leader in 1977. They proved extremely popular, and Cutler was close to Margaret Thatcher (a London MP) who made the right to buy council housing a Conservative Party policy nationally.
In the meantime, council house sales to tenants began to increase. Some 7,000 were sold to their tenants during 1970, but in two years that figure soared to more than 45,000 in 1972.
So with these schemes, it may be easier to buy a house than you first thought but there are other matters to think about also. Mortgages, the property you want to buy, who will handle all of your paperwork etc. Before buying a property make sure you have done your homework and know exactly what to expect. Below is an article with some tips on home buying. You can read the full article by clicking the link below.
House buying: estate agents’ tips
The average house now costs £254,000 and some experts are predicting prices will increase quickly.
Getting it right when it comes to buying is becoming more important than ever.
Estate agents from the BBC Two series, Under Offer: Estate Agents on the Job share their thoughts on what’s most important.
Get your finances in place
Make sure you can get a mortgage and you have enough money for a full deposit before you start looking for a home.
An estate agent should not take an offer on a property without proof the perspective buyer has finances in place. This could be provided with a bank statement or letter from a solicitor or lender.
Don’t dismiss a property before you see it in person
The more homes you visit the better. Pick a minimum of three.
Give yourself time to make any decision. There is usually time to shop around, depending on where you live in the country.
Get a survey
If you are looking for an older, run-down or unusual property it’s worth paying extra for a homebuyer report or building survey.
Three types of survey you can choose from:
Condition report. The cheapest and most basic survey, it tends to be used on conventional homes or new builds. It doesn’t include a valuation or investigate possible future repairs.
Homebuyer report. More expensive and thorough, this examines both the inside and outside of the property and includes additional valuation.
Building or structural survey. The most comprehensive option, this is more suited to older or unusual properties like converted barns.
Buying your first property
Your mortgage lender’s valuation is a basic survey for mortgage purposes only and is not a full survey. It usually includes some recommendations for any obvious faults.
You can ask for a surveyor recommendation from people you know or a mortgage lender. Alternatively the Royal Institution of Chartered Surveyors can help you find a member in the area you need.
Budget for the extra costs
Mortgage arrangement fees, solicitors’ fees, surveys: the costs quickly add up.
Make sure you have enough left over to cover your living costs.
Check the property is freehold or leasehold
The property will either be sold with the freehold or leasehold.
In some areas of the country, you may be offered a house at a cheaper price if you buy it with a leasehold.
If you are tempted, check for any charges that might be attached to the deal. Also, find out the length of the lease and its effect on getting a mortgage.
So the property world isn’t as easy as it looks, its not just a case of choosing your property and and moving in. Read up on what help is available to you, and make sure you take your time when choosing a property. If you are selling your current home and would like a fast house sale, a quick house sale company may be helpful to you. Soldquickly have the experience to help you.