What are the requirements for buying a house in the UK? What if you are not qualified to buy a house in the UK?

What are the requirements for buying a house in the UK? Britain does not restrict the real identity of buyers, and citizens of China, China can also buy houses in Britain with China passports.

You must do your homework when buying a house in Britain 1. Establish the effect of overseas real estate investment. Whether buying a house in the UK is rent, simple project investment (considering medium and long term), children's education or other priorities, investors should take different types of investment advice and choose different types of real estate.

If children are studying in Britain, they can buy a suitable apartment building or even rent an extra room, which makes it easier to rent a house and repay the bank loan for others. The mortgage interest rate of commercial banks will be different according to the use of different purchasing industries. If you are interested in immigrant investment, or have a daughter studying in the UK, buying a house in the UK may require different considerations.

You must do your homework when buying a house in Britain. 2. Master the local real estate situation and its market situation. On the one hand, with the help of friends and relatives, you can get more reliable data through professional intermediaries, and you have a higher chance to find satisfactory property management more conveniently and get more professional standardized services.

For example, the geographical location of property management, the surrounding environment, what kind of residents are nearby neighbors, whether the transportation is convenient, whether there are colleges, ecological parks, shopping places, the surrounding real estate market price, and the future planning scheme of the places. A technical professional nursing survey report is likely to give you more indoor space and save a lot of money when bargaining. Mastering the historical data and future development trend of local housing prices is conducive to making a wise distinction. This kind of service without a service company is also difficult to complete.

You must do your homework when buying a house in Britain. 3. Master the cost of purchasing industry and various taxes and fees. Overseas home buyers generally have to pay stamp duty, municipal supporting fees and other taxes. Selling a house will also bring in taxes, generally corporate value-added tax. Some countries levy 45% value-added tax, and some countries, such as Britain, do not levy property value-added tax (income tax) on foreigners who buy houses locally at this stage in order to support them.

As far as buying a house in the UK is concerned, in addition to the purchase price, customers also need to pay the property file and property measurement and testing fees, property file filing/deed tax, contract stamp duty (SDLT, which varies according to the house price), municipal property tax, property management service fee (if it is an apartment building) and indispensable lawyer's agency fee. Because all real estate transactions must be attended by notaries to ensure the rights and interests of investors. In addition, you need to pay a certain agency service fee to help you find a satisfactory house and go through the necessary business procedures.

You must do your homework when buying a house in Britain. 4. Pay great attention to the contractual responsibility and pay for buying a house in the UK immediately. If you have questions or unspecified things, you have the right to ask for a response without signing a contract. Once the British house purchase contract is signed, there will be legal recognition to control the other party from that moment, and the customer must operate in strict accordance with the terms of the contract to prevent possible troubles and legal disputes.

Owning mortgage loans and other payments to banks not only affects their personal credit records, but also may be subject to loan interest claims or even collection, and the deposit is difficult to get back. On the other hand, if there are other quality problems or obligations of real estate developers, customers also have the right to apply for patents for maintenance or compensation.

What if you are not qualified to buy a house in the UK? Now the main body of buying a house has long been removed, and international students seem to be big buyers (including their homes). Can international students buy a house in Britain? International students in Britain can naturally buy a house. Although it seems that the British are traditional in many ways, they are particularly open to foreign investors.

There are no special restrictions and requirements for overseas buyers who invest in real estate in the UK. In other words, everyone can buy a house in Britain, which is not necessarily the true identity of Britain. Bottom line: As long as you 18 years old, you are eligible to buy a house no matter where you come from, regardless of whether you have a visa or not. Therefore, the problem of how to buy a house in Britain is not too big.

What are the steps to buy a house in Britain? In fact, the process is similar to that in China. Before buying a house, you must first know your own requirements. It is essentially for personal use or project investment. Second, prepare assets in advance. If you need a loan, you should contact the financial institution as soon as possible and prepare the application materials in advance, so as to avoid the problem of assets after the house is taken down and miss the good house. Thirdly, when buying a second-hand house, we must ask the Royal Institute of Chartered Surveyors to evaluate the house, so as to analyze the value of the house itself and ensure the value for money. Then negotiate the price. Find a lawyer to approve the materials and change the contract. Basic processes such as paying the bill.