Buying a House

 Buying a House through Crown Property Investments

 

We understand that many people are just looking to buy a house to live in rather than an investment property. In this day and age it can be difficult enough to get together a big enough deposit to get on to the housing  ladder so why shouldn’t you have access to the same   bargain property deals that we provide to investors ?

 

The good news is that, unlike the majority of property investment companies,  we do allow homebuyers to purchase the discounted properties that we have available for sale, as long as you are able to meet the following criteria:

How to Buy a House with Crown Property Investments

 

• You must be in a position to buy and move at the point at which you enquire about buying a house with us. This means that you will not be in a position where you need to sell your existing property before purchasing a new one. Many of our properties are of a size and price that suit first time buyers, so buying one of our discounted properties can be an excellent way to get on the housing ladder sooner than you thought was possible.

 

• You must not be in a chain. Unfortunately we are unable to consider you for any of our properties if you have agreed a sale of your existing property but your sale is part of a chain.

 

• You will need to be able to make a quick decision on any property that interests you. You will, of course have the opportunity to view any property that interests you but should be aware that, due to the fact that most of our listings are heavily discounted, properties tend to be sold quickly. If you choose to purchase a property you will be expected to complete the purchase within 6 weeks of reservation, barring exceptional circumstances, or we reserve the right to re-market  the property. 

 

We have to insist on enforcing the above criteria because most of our discounted properties are only available at such low prices because the seller needs to achieve a quick sale. We make a commitment to them to sell their properties as quickly as possible and therefore are only able to work with serious buyers who are ready and able to complete a purchase.

We understand that the process of buying a house can be daunting and stressful, particularly if you’ve not done it before. So if you would like to consider buying a discounted property from us but are unsure about something or have any questions about the process please do contact us here for a chat.

If buying a heavily discounted property is something that interests you, please check our latest below market value property listings.

 

Steps to Buying a House

 

Getting a Mortgage

We always encourage buyers to get arrangements in place for a mortgage as quickly as possible. In fact we firmly believe that, in order to be fully prepared  for buying a house, you should obtain a decision in principle from a lender before you even select a property to buy. That way you can be much more confident about what you can afford to pay for a property.

We do not recommend any particular single mortgage provider. This is because the  mortgage market and the deals available change on an almost daily basis. The mortgage deal that suits you best one week may not be available the following week, or may have been superseeded by an even better deal.

We do recommend that you use a qualified, licensed, independent mortgage broker to assist you with finding a suitable mortgage. A good mortgage broker will be able to quickly sift through the multitude of deals available to find the best one for your individual needs and circumstances .

Some well  established mortgage brokers will get access to exclusive preferential deals from lenders that  are not available to the general public. If you would like us to put you in touch with our mortgage broker, just fill in the contact form on this page and we’ll be happy to make the introduction for you.

Finding a Solicitor

You need a high quality and efficient conveyancing solicitor, especially if you need your purchase to complete quickly. Far too many people make the mistake of using their family solicitor to do the legal work on their home purchase and, unfortunately, many pay a hefty price for doing so.

There is quite a lot of legal work involved in buying a house but that doesn’t mean that it has to take 3 months ! It can and should be completed within 4 weeks. We’ve seen countless people miss out on their dream home because of an inefficient solicitor who spent several weeks claiming that he couldn’t do anything else until the seller’s solicitor responded to his enquiries.

Our solicitors are used to working quickly, efficiently and, due the large volume of business we put their way, at extremely competitive prices. Again, if you’d like us to introduce you to them feel free to fill in the contact form on this page and we’ll be glad to put you in touch with them.

 

Home Insurance

You need to make sure that you have adequate home insurance in place before moving in to a property. Your insurance will actually need to be in place as soon as you own the property so you should prepare for this as soon as possible  by getting some home insurance quotes from a comparison service such as Quotezone .

 

Is It a good time to buy a house ?

 

This is a question we get asked a lot at the moment. People ask us if it is even worth bothering to look for  a property when the economy is struggling and mortgages are being rationed by risk averse lenders.

The short anwer is Yes ! Iti is a buyers market now and if you have a decent credit record  and a reasonable deposit, you will be able to get a mortgage quite easily.

The huge discounts that can be achieved on good quality property today, were unheard of just 3 or 4 years ago and you can bet  that, in another 3 or 4 years  time, they will be just as impossible to achieve as they were in 2007. Those who do buy property at a discount in the next 2 years will be very glad that they did in 5 years time.

 

Other Useful  Information

If you are currently looking for a home you’ll no doubt  be checking  the major internet property portals to see what houses they have listed in your desired area.

 We have written articles about 2 of the most popular portals, Rightmove and Zoopla. These explain some of the fantastic applications and services  available on their websites to help you find out lots of information about any property  you are thinking of buying.  99 % of home buyers simply have no idea these services exist, so we think the articles are well worth a  read.

Finally, whether  you chose to buy a discounted house from us, or find a property elsewhere, we’d like to wish you good luck with your search for a home.