Can I Buy a House on My Own UK?

Purchasing a home is one of the biggest financial decisions that you’ll make in your lifetime. But for Americans buying a property in the UK, there are additional implications that you should be aware of before you take the plunge.

Can I Buy a House in My Own UK?

From negotiating offers to get the right legal help, to finding the right mortgage lender, it can seem like an insurmountable task for new home buyers in Dartmouth. And this is especially true for first-time British-born buyers. So before you start your search, we recommend that you research local surveyors and solicitors.

Ask friends and coworkers for recommendations, or check online reviews. It will save you time, money, and a lot of stress in the long run.

Another thing to consider is the different way that homes are priced in the UK. Rather than a single number, UK homes often list their prices as a range or with phrases such as “offers in excess of.” So while you might view a property that’s listed at PS375,000, you might actually make an offer of PS378,000.

Finally, you’ll need to understand whether the property you are interested in is freehold or leasehold. For more information on this, see our Mortgage guide and the government’s How to buy a leasehold home guide.