Going for the big one

rayer · 27 Mar 2006 at 14:17

With the impending arrival of a little screaming one, i have come to the concluesion that life may be difficult in our one bed rented flat. So we have gone for the big one, and dived into the housing market.
After a few weeks of seeing overpriced rabbit hutches and houses owned by stig of the dump, we have found a beauty. 3 bed, good condition and first thing I noticed, hey, i can put my PC set up over there.

Offer has now been accepted and just seen an IFA and found a good 3 year fixed term. ( Was considering the OneAccount option as we also have savings but umming and errring)
Anyone know of any pitfalls to look out for and does solictor fees of £700 sound to deep.
Cheers for any info my fellow humans.

rayer · 27 Mar 2006 at 14:21

The estate agents are providing the solicitors. Is that a good thing or should I get an independant one ?

rayer · 27 Mar 2006 at 14:23

anticonscience said:
Wish I could afford to buy a house

GL!

Try and get registered as impending homeless with the housing association, and the goverment will invest 25% of the house value as long as you can get a mortgage for the other 75%.
Then you can either eventually pay the goverment off for their 25% or when you sell up, they will take 25% of the selling value of the house.

rayer · 27 Mar 2006 at 14:42

So what does a solicitor provide compared to a conveyancer <sp?>
Mainly asking because i have just seen an online conveyancer offering services for £300 ???

rayer · 27 Mar 2006 at 20:41

The estate agents had an inhouse Independant Financial Advisor who were showing me all the available mortgages and seemed genuine. She advised me on what to avoid like overhangs and explained all the other types available.
I am looking at a 3 yr fixed term and then maybe move to an offset or another fixed term, not sure.

By the way, the house is in Willsbridge, South Bristol to that person who asked.