Buy House Uk Official

In the UK, Freehold means you own the building and the land. Leasehold means you own the right to live there for a set term (often 99 or 999 years) but pay ground rent or service charges to a freeholder.

While your bank does a basic valuation, it’s wise to pay for an independent RICS survey to check for structural issues like subsidence or Japanese Knotweed. 5. Exchange and Completion This is the home stretch: buy house uk

Usually 1–4 weeks after exchange, the remaining money is transferred. You pick up the keys from the estate agent and officially become the homeowner. Pro Tip: Government Schemes In the UK, Freehold means you own the building and the land

Once your finances are in order, use portals like Rightmove or Zoopla to scout locations. In the UK