Buying A Home British English Student
Buying A Home British English Student
Buying A Home British English Student
BUYING
A HOME
QrrkoD Scan to review worksheet
Expemo code:
1CB2-A5BE-GEPS
1 Warm-up
1. a solicitor
2. a surveyor
3. a mortgage broker
4. an estate agent
5. a mortgage lender
BUYING A HOME
3 Buying a home
Arrange a survey Make an offer Organise someone to handle the paperwork Complete
the sale Do your homework Exchange contracts Find a mortgage
BUYING A HOME
1.
Unless you have a lot of savings, you will need to get a mortgage. A mortgage is a loan to
buy a house. Buyers need to calculate their monthly outgoings and make sure that they
can still pay the mortgage if interest rates rise or their circumstances change.
2.
Searching online first is a good option. You can also find an independent broker who can
help with the process. A bank might be able to do a special deal if you are an existing
customer.
3.
If the seller agrees to your proposition, then the buying process can go ahead. You won’t
have to complete the deal if there’s a problem with the survey or contract.
4.
You will need to hire a solicitor or conveyancer to handle all the legal procedures. They
will check that there are no planning restrictions or local issues that might affect the value
of the property.
5. This will show any potential problems with the property.The
property should also be valued to check that it’s worth the asking price. If there are any
problems, the surveyor can usually tell you how much they would cost to fix. If this is
the case, you might decide to renegotiate the price with the seller or pull out of the deal
altogether.
6.
Once this is done, the seller should take meter readings. If everyone is happy, now is the
time to sign the contracts. At this stage you will have to pay a deposit, normally 10% of
the price. When this happens, the buyer and seller have committed to the sale. If you pull
out of the deal, you will probably lose your deposit.
7.
This is when the property becomes yours. You get the keys and the deeds ... but there will
be some bills to pay! These are the rest of the cost of the property (usually 90%), solicitor’s
fees, the government tax of stamp duty and removal costs.
Congratulations, you now own your first home!
BUYING A HOME
1. an amount of money you pay when you agree to buy something (noun):
2. amounts of money that you spend regularly, usually on bills (plural noun):
3. the amount of money that a seller would like to get for their home (noun phrase):
4. discuss again how much you will pay for something (collocation):
5. promised that you would buy something (phrase):
6. problems happening in an area close to a property (collocation):
7. decide not to complete the agreement (phrase):
8. legal documents regarding the ownership of property (plural noun):
5 Talking Point
Renting
Buying
6 Further Practice/Homework