When it comes to buying property, there’s no such thing as too much research! If you are thinking of entering the market, then it is crucial to ensure your finance is organised well in advance of finding a property.
There are many advantages of doing a full assessment including:
- You will know your maximum borrowing capacity
- You will be able to move quickly on making an offer
- You will be in a very strong position to negotiate
- You have done your homework and know what to expect
It gives you a clear picture of what your spending limits are and gives you peace of mind that if you find a property, you’re really interested in you can move quickly to make an offer. And it may put you in a stronger negotiating position than other potential buyers who don’t have pre-approval. Of course, even with a pre-approval, a subject to finance clause is an important protection in any sale contract.
A full assessment is the first step in confidently starting your search for a new home. We will be there to help you every step of the way.
