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If the procedures do not follow correctly and professionals not use expensive mistakes could occur.
For example, if a proper structural survey is not carried out and underlying problems not identified putting it right will be down to new purchasers. For example, problems with roof tiles or not functioning heating system unlike new properties due to lack of warranty could cost thousands.
To buy on the second-hand market is more complicated if a mortgage is required.
Financial firms will be required more comprehensive report from surveyors for the valuation.
One of the major differences from buying new is that the seller could pull out of the sale up to exchange at any time without providing any explanation or providing any compensation.
After you find the property that suits you then make an offer. Once an offer has been accepted you arrange a mortgage and go through the details with a solicitor.
We would advise you then hire a surveyor to carry out a survey on the property. After this has been completed you may then exchange contracts completing the final steps.
Start your real estate journey today with Lex Home. Lex Home is a company operating in the UK real estate market, especially in London.
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