We take the view that the purchase of a home is an exciting prospect – an opportunity for a fresh start and renewal.
At Beach & Country, this is supported by proffesional and efficient approach to purchasing in the Jersey property market.
To assist you in the home buying process we have prepared the following guide to smooth the process and help you avoid some of the common pitfalls that we have witnessed over the many years of assisting families in buying and selling their homes in Jersey.
Clearly before you embark on purchasing a new house, you need to determine what you will be able to afford. Our advice in any property purchase is to approach a mortgage lender in the first instance to identify the amount of a mortgage that your budget will reasonably support. An offer made from a potential buyer who has already had a mortgage approved in principle will be far more tempting to a vendor than one from a purchaser who has not yet considered those arrangements.
In calculating the budget you will need to think not only about whether you can service the ongoing mortgage costs from your lifestyle budget, but also about how you are going to pay for the costs of the move. These include the costs of a valuation or surveyor’s report, stamp duty, the bank’s arrangement or administration fee, the bank’s lawyer’s fees, house insurance costs, life insurance costs, legal fees and the like.
Use our Jersey Mortgage & Stamp Duty Calculators to help you determine the likely monthly repayments as well as the fees and charges you can expect.