house with for sale sign

Buying A House Your Options

When you are buying a house you have a number of different options available to you. It is important that you know what they are before you start.

There are a number of ways for buying a house - we have picked out the most common here.

Sealed bids

Sealed bids are most common way of buying a house in Scotland (although this is changing a little in the latest
Buying a newly built home

If you decide to buy a newly built house or flat, it's vital that you know whether the builders are members of the National House Building Council (NHBC) scheme. Around 85% of new homes fall into this category, which means that the property comes with a NHBC warranty and insurance services.

The NHBC's ten-year Buildmark Cover protects buyers of new homes against specified defects that occur because the builder has not complied with NHBC Standards. Problems can then be rectified even if the contractor has gone out of business.

Auctions

Finally, the other popular route is to buy a house at auction. There are increasing ways to find some real bargains - but it's not for the faint-hearted!! Why not read out article dedicated to house auctions

 

The information included in this article is based on the law applying on 1 January 2005. Please seek your own legal advice for more information regarding your rights.

 

Useful Websites

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  • Guardian Finance
    Have been arranging loans and mortgages since 1971, established a national reputation for fast, efficient service help with council house purchase, insurance protection, low cost loans, unsecured pers
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Further Reading

  • First Time House Buyer

    If you are buying a house for the first time our consumer guides can help walk you through what will probably be your biggest ever purchase!
  • Buying House Insurance Online

    House insurance is one of the most important things you need to do as a house owner. Check out our guide on how to get the cheapest deals online.
  • Buying At Car Auctions

    Thought about buying at car auctions? Save money and grab yourself a bargain - if you know what to look for and how to bid right!
  • Buy A House At Auction

    Considered whether to buy at house auction as a way to get a bargain property? Increasingly popular, what are the pitfalls - read our simple consumer guides
  • Advice For Viewing A House

    Read our simple property advice for viewing a house. Basic rules and ideas to ensure you don't get rose tinted glasses. The Lifestyle consumer guides can help you save money and time!

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