Having a home that you own is a dream for many people. Whether you are looking for a place just for you, somewhere for you and your partner to build a life together or a home to accommodate a growing family, buying a house is a precious moment in anyone’s life.

At Saracens Solicitors, we are dedicated to helping you achieve your home-buying dreams. Whether you are a first-time buyer, selling your home, buying at auction or in shared ownership, our mortgage solicitor in London can provide you with the clear, simple advice you need to secure your home. In this article, we’ll look at some of the different ways you can buy a house.

First time buyer

You have an advantage over other buyers as you aren’t part of a chain and so can move more quickly. And don’t worry about unfamiliar legal and technical documents: our mortgage solicitor in London will guide you through each step of the process and provide you with reports in plain language so you can be sure of everything that’s involved before you sign the mortgage contract.

Buying at auction

You can pick up great bargains at auction but you have to be prepared to act fast. If yours is the winning bid, you are legally obliged to buy the house, so make sure you’ve done all your research beforehand. The agent can provide you with a legal pack before the auction. Our mortgage solicitor in London can review this for you and give you a report so you are fully informed. It is also advisable to complete property and environmental searches before the day. You will need to have funds in place to pay a 10% deposit once the hammer falls.

Shared ownership

This is where you buy a share in the property from a housing association and pay a small rent to cover the rest. This is a great solution for those who aren’t able to buy outright. There are different deals on offer, so do your research and see what this particular housing association is offering. You may be able to buy a bigger share of the property as time goes on and even buy it outright eventually.