Property and Real Estate

Buying a Property

Once you find a property that you like you will be asked to make an offer. This will either be accepted or rejected.
If it is accepted you will then be asked to instruct solicitors and arrange finance for the purchase. If you are buying the property for cash then you would be wise to instruct a surveyor who will check the property for problems.
If you are buying the property by borrowing money from a lender then the lender will insist on a survey which they will arrange but you will pay for.

Legal Fees
The conveyancer(usually a solicitor) will set fees usually based on bands dependant on the house price. The legal fees will include the disbursements which will include land, mining, water authority, Chancel searches etc. It will also include the actual solicitors conveyancing fees and possibly any stamp duty that may be payable according to the current Inland Revenue rates at the time of completion. There are also usually some charges for bank transfer fees.

Property Surveys
Usually based on the size and type of house. Be aware that if you are borrowing money from a lending institution such as a bank or building society then they will probably want a survey on the property, usually known as a valuation. A valuation is usually paid for by the buyer but the surveyor will be acting on the behalf of the lender to ensure that they are given a true market value for the possible investment of the property.