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Tag: Buying A House

Why choose CR Real Estate?

Posted on by Sophie Winter

At CR Real Estate, we prioritise honesty and transparency at every stage. We know that buying or selling a property is a major life decision, and we’re here to make that process smooth, effective, and rewarding. By using proven marketing strategies and skilled negotiation techniques, our team is committed to delivering the results our clients expect.

Our experienced team are dedicated to providing professional, personalised service designed to meet each client’s unique needs. After years of experience helping local clients, we established CR Real Estate as an independent agency to offer the highest level of service and to build lasting relationships.

What CR Real Estate offers

Local Expertise with a Friendly, Professional Touch

Our team of local experts are ready to support you at every step, ensuring that you always have knowledgeable assistance whenever you need it.

Dedicated Sales Progressor

The moment your home receives an offer, our dedicated sales progressor steps in to manage every aspect of the sale, making sure the process goes as smoothly as possible from start to finish.

Listings on Major Property Portals

We maximise your property’s visibility by advertising it on all major property portals. Including Zoopla and Rightmove, reaching the right buyers and getting you the best possible price.

Professional Photography and Floor Plans

Our commitment to quality means we offer professional photography and provide expert floor plans. First impressions are key, and high-quality photos and detailed floor plans allow buyers to envision the layout and appeal of your home.

Book your free valuation today

At CR Real Estate, our goal is to secure the best price for your property and find the ideal buyer. We believe in keeping you informed at every stage, so you never feel left in the dark. Regular updates and open communication are the backbone of our approach. Ensuring you know exactly where you stand with your sale.

Ready to list your property or need some free advice? Contact CR Real Estate today for help. Book your free valuation and let’s work together to achieve the best outcome for your property sale.

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How to be fully prepared for a mortgage application

Posted on by Sophie Winter

Embarking on the path to homeownership is exciting, and being well-prepared for a mortgage can make the journey much smoother. Whether you’re a first-time buyer, remortgaging, or relocating, a bit of preparation can streamline the mortgage process. Here’s how to get yourself fully prepared for a mortgage application.

Steps to get prepared for a mortgage

It’s smart to start getting prepared for a mortgage at least six months before applying. This allows plenty of time to gather necessary documents and review your finances.

When applying, lenders will assess your ability to afford monthly mortgage payments. First-time buyers might need additional paperwork, while current homeowners will still need to prove they can manage the financial commitment. Preparing well in advance strengthens your application and boosts your chances of approval.

Key ways to prepare for a mortgage

Review Loans and Debts

Your existing loans and debts, such as credit card balances or personal loans, will be scrutinised by lenders. Aim to pay off as much debt as possible before applying, as this can enhance your financial profile. Additionally, avoid taking on new loans close to your application date, as they can impact your affordability assessment.

Stay Current on All Payments

Showing a consistent track record of on-time payments is essential. This includes paying rent, council tax, and other recurring bills promptly. Late or missed payments negatively impact your credit score, which can make mortgage approval more challenging.

Register on the Electoral Roll

Registering to vote at your current address can boost your credit score by verifying your identity and residence. Also, ensure all your bills and accounts are updated to your current address to make documentation smoother when it’s time to apply.

Establish a Savings Record

Regular savings habits reflect financial stability, which is highly favorable when applying for a mortgage. A healthy savings balance not only demonstrates where your deposit is coming from but also signals financial discipline to lenders.

Check Your Credit Score

Your credit score is an essential factor in the mortgage approval process, as lenders use it to assess your creditworthiness. Regularly checking your credit report and improving your score if needed can make a positive difference. While a low credit score doesn’t necessarily prevent mortgage approval, it can add complications.

Maintain Stable Employment

Lenders prefer applicants with steady employment and a reliable income. If you’re considering changing jobs, it may be wise to wait until after your mortgage is secured. If you’ve recently started a new position, try to stay in it for at least six months to demonstrate financial stability. You’ll likely need to provide recent payslips as part of the application process.

Need help with getting ready for a mortgage?

If you’d like expert help in preparing for a mortgage, our experienced and partnered mortgage broker, The Residential Mortgage Hub are here to help you. They can provide insights and advice tailored to your situation, making the process more straightforward and stress-free.

Contact us today to discover how they can guide you in finding the right mortgage to fit your needs.

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The step-by-step guide to buying a house in Medway

Posted on by Sophie Winter

Buying a house in Medway is a significant journey that can be made easier by breaking it down into these 8 essential steps. Though it may seem complex, our team is here to guide you at every stage.

Get a Mortgage in Principle (MIP)

The first step toward purchasing a house in Medway is securing a Mortgage in Principle (MIP). This involves meeting with a lender or mortgage adviser, who will review your finances and determine the loan amount you’re eligible for. Having an MIP demonstrates to estate agents and sellers that you’re ready and able to proceed with a purchase.

Depending on the lender, this initial check may be a soft or hard credit check. An MIP typically lasts from 30 to 90 days. You can book an appointment with our partnered and qualified mortgage advisers online here.

Start house hunting and choose your ideal property

With your MIP in hand, the exciting phase of house hunting can begin! Partnering with estate agents, you’ll view houses in Medway that meet your budget and preferences. Once you find a property you love, you’ll submit an offer. The seller may accept, reject, or counter your offer. If accepted, you’re ready to move on to the next step. Check out our available properties for sale to get started on finding your ideal house in Medway.

Complete your full mortgage application

After your offer is accepted, you’ll proceed with a full mortgage application. Lenders typically set a loan-to-value (LTV) limit, defining the maximum loan they’ll offer as a percentage of the property’s value.

Arrange a building survey (optional)

As part of the process of buying a house in Medway, consider arranging a building survey when completing your mortgage application. This helps identify potential issues with the property. The Royal Institution of Chartered Surveyors (RICS) offers access to qualified surveyors, and surveys are available at three levels:

Level 3 – Full Building Survey: Ideal for older or unique properties, this in-depth report provides guidance on repairs, renovation, and maintenance. Cost: £600-£1,500.

Level 1 – Condition Report: A basic inspection suitable for newer properties in good condition. It identifies major issues and urgent repairs. Cost: £400-£950.

Level 2 – HomeBuyer Report: For properties in fair condition, this survey also assesses necessary repairs and provides a market valuation. Cost: £450-£1,000.

Hire a Conveyancer

Next, you’ll hire a solicitor or licensed conveyancer to handle the legal transfer of the property’s title. Conveyancing ensures the legal aspects of your house purchase are completed smoothly.

Be patient during the legal process

This waiting period can often feel like the hardest part. Typically, it takes about 2-3 months to complete all legal searches and documentation. Keeping in regular contact with your conveyancer helps keep everything on track.

Exchange contracts

After the conveyancing is complete, you and the seller will exchange contracts, making the transaction legally binding. At this point, you’ll sign documents to officially transfer ownership and set a date for completion.

Completion day – move into your new home!

On completion day, your mortgage lender will transfer funds to your solicitor, who will then send them to the seller. We’ll notify you once the legal process is complete, and you can collect your keys and move into your new home in Medway!

About us

CR Real Estate offer expert help with buying a house in Medway. With a range of properties across Kent, we’re dedicated to helping you navigate the home-buying process with confidence. Reach out to us here to learn more about how we can help you find the best house in Medway at a great price.

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