Checklists
Checklist provided by
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If you are doing this to make money from Buy to Let or Renovation, create a business plan first. | |
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Research and secure finance that can conclude deals in FIVE to TEN working days for help contact us. | |
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Create time to research properties, you won't be able to do this as a ‘weekend' job. | |
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Find the best places for you to research repossessed property. | |
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Choose a Legal Company that specialises in buying repossessed property (so you don't end up buying the current owners debt!). | |
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Research the market so you know the difference between a genuine repossession bargain and a property ‘pretending' to be sold ‘below market value' but really being sold at normal market prices. | |
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Carry out viewings, check what the timeframe is to buy for the owner to avoid being repossessed. | |
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Check what work is required to bring the property up to scratch to rent or sell on. | |
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Make an offer and agree the timescale to purchase the property. | |
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Contact us to find out what to do if your offer is rejected. | |
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Offer accepted. | |
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Organise an Independent Survey. | |
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Finalise your Mortgage Offer and Insurance. | |
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Manage the purchase of your property. | |
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File your paperwork carefully - you'll need the paperwork when you come to sell. | |
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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. | |
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Make sure there is nothing in the legals that means you take over the owner's debt or that stops you from being able to rent the property out now/in the future. | |
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Arrange for the deposit to be in place. | |
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Exchange contracts. | |
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Organise Change of Address if you are moving in yourself. | |
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Complete your purchase and start work to prepare the property. | |
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Pay the Stamp Duty and check the SDLT forms have been filed. | |
