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What do you wish you knew before buying your first home?

In retrospect .... I'm about to get on the property ladder and would like to avoid that nagging feeling that I wish I'd known about something before...

Asked on Dec 11 2012, General in London | Report content

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  • Learn stamp duty thresholds, it'll save you £1000's potentially! Great question btw!!

    Answered on Dec 17 2012, Report content
  • Thanks! I'll be sure to read up on stamp duty. I've been told my a friend to get a home inspection - do I need have an offer accepted on the property before I can do this? What if the inspection throws up lots of issues - can I retract my offer after? Help!

    Answered on Dec 20 2012, Report content
  • You will need a home inspection or survey if you are getting a mortgage, the bank will insist. It will cost about £300 a time. Any offer you make will be subject to contract in other words you can retract if the survey is bad.Trouble is, so can the owner! Have a good look around yourself and see if you can spot any usual problems, bad roof, damp, leaning chimney etc. There's a lot to consider but remember the solicitor and surveyor will be helping you so don't panic! Regards.

    Answered on Dec 20 2012, Report content

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