7 steps to your new home | Buying a house in Scotland
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- čas přidán 9. 07. 2024
- Watch our short video to find out the seven steps to purchasing property in Scotland and how your solicitor can help you through the process of buying a house. For more information, visit lawscot.org.uk/buying-a-house
As noted in the comment below, I'd echo the point about getting the home report before doing anything else. Why? To get the valuation. The listed price means nothing unless it's fixed price. It's usually "offers over", but in Scotland almost all properties go for above valuation - well above valuation within the past year. So the valuation from the home report will indicate whether it's in your budget or not.
It's worth noting as well that mortgage lenders will only lend according to the valuation, so if a property valued at £100k goes for £108k, you'll most likely need £18k (10% deposit plus the £8k above valuation).
Good points clearly stated. Video seemed to state that the Home Report is requested by the purchaser after noting interest via the solicitor but I prefer to get the home report before viewing the property or even engaging a solicitor.
Background music is too pervasive and loud. Quite unnecessary.
Really enjoyed this thank you
There’s an awful lot of emphasis on the assumption that everyone wants a mortgage! I agree with the comments about the background music. Totally unnecessary and distracting. I noticed that this video was posted 8 years ago and I wonder if anything has changed with the house buying process in Scotland?
Super 😚😚😚😚😚
What happens if your interested in selling your home in England & want to buy in Scotland?.... is very risky, Advises much appreciated.
God, that music is annoying. I couldn't watch it all the way through.
Is it a good idea to buy a property in Scotland anyone?
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Only if you wanna live and settle down in Scotland. As an investment? you're probably better off buying and renting out flats in London, cuz that'll (almost) always go up in value.. Yes, it's a bit of a hassle if you live outside of London but properties in London double in value every 10 years.