Investigating your financial situation.

When planning to purchase a property or move home, assessing your financial situation is typically the first step. However, there are times when a specific property coming onto the market may prompt you to consider moving. In either case, unless you are fortunate enough to purchase a property without significantly impacting your finances, it is advisable to seek financial advice at an early stage.

If you intend to use a mortgage to finance your property purchase, I recommend consulting an independent mortgage advisor who can search the entire market on your behalf. Even if you are considering porting all or part of an existing mortgage, it is worth exploring the full market independently to ensure you secure the best deal. Even for those with sufficient funds to buy a property outright, consulting an independent financial advisor before proceeding with the purchase is a prudent step.

Don’t hesitate to ask if you'd like a recommendation for a local IFA to York or Tadcaster, we have worked with our highly professional independent mortgage advisor for many years now. She comes highly recommended as she advises me personally, my family and may of my clients and friends. 

Other costs associated with purchasing a property may include:

• Stamp duty
• Solicitors’ fees
• Surveyors’ fees
• Removal costs

While this advice primarily targets those purchasing property through traditional means (such as buying a residential property via an estate agent), it is important to remember that some properties may incur additional fees for auction, reservation, or buyer’s premiums, where applicable.

If you have any questions regarding the sale of property in York or Tadcaster, don't hesitate to get in touch, we're here to help.