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Lidierth Financial helped me get my dream home

BUYING YOUR NEW HOME...What's involved?

1: Meet with us to find out how much you can borrow and arrange approval of your mortgage.
2: Armed with your approval you may view houses and select your new home.
3: If you are buying a new house you may pay a ‘Booking Deposit’ to the auctioneer.
4: If you are buying a pre-owned house you may make an offer and continue the negotiation process until a figure acceptable to both parties is agreed. A ‘Booking Deposit’ may then be paid to the auctioneer.
5: Appoint a Solicitor and advise the auctioneer.
6: Inform us of the house details.
7: Arrange a Survey of the house if necessary.
8: We will arrange a ‘Valuation Report’ and your ‘Letter of Loan Offer’ will then issue.
9: Call into us and we will arrange your insurances.
10: Your Solicitor receives Contract from the seller’s solicitor and Letter of Loan Offer from the mortgage provider.
11: Sign Contract and Accept loan offer…after your solicitor is happy with the terms.
12: Pay balance of the deposit to your solicitor. A total of 10% is payable on signing the contract. This is made up of the ‘Booking Deposit’ paid to the auctioneer + the balance to make 10%.
13: The seller of the property signs the contract.
14: A ‘Closing Date’ is agreed…advise your broker of this date.
15: During the week leading up to the closing date we will liaise with your solicitor to ensure that the insurances are in place for your loan cheque to be released on time.
16: Your solicitor requests the cheque and hands over the funds.
17: Congratulations! You receive your keys and arrange to move in.

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WARNING: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY LOANS SECURED ON IT.