Sounds like a winner!

Tell you what, Its soon going to be our new place. stand at tease. Taylor Wimpey build. 

I finally got the good news, it depends on how u define good, earn you the best sleep. its always more than whats on surface.. buying new house its harder than I thought it would be due to covid.

we gamble with what we have, none of us know how much time we really have it.

Step / process involved in buying house in Scotland

Have good credit check, 

a) View the house, if you are happy with the house and want to go for it then consult mortgage adviser - get the DIP (Decision In Principle) for new home. (Mortgage advisor is free, most of the new builders help us with this contact)

if you are looking for any old house, then you should give an offer to the house owner. this is done via solicitor. if the house is on offers over then you might have to bid offer for more than the value mentioned in advert and if accepted this remaining money should be paid by yourself not via loan amount.

b) Reserve the House by paying some initial token advance say £99.00 for new house.

c) Mortgage adviser should apply loan (I went for Halifax), if you are going for First home found check the choices and interest. with First home fund the interest rate increases. 

d) Get the first home fund - Government can help you by paying 10% of your house cost or £25K and you have to pay the same 10% while selling the house. or any time in between.

e) To get the loan - you might have to show your 6 month payslip, Maximum amount you will get is your gross*4 say if you are getting 40K per annum you will get 40*4=200K. if good credit check some banks offers gross*4.5

f)You should have solicitor who can process everything, they will verify your remaining money. - for this you should show the money as your savings, or Gift from you and your partner's blood relation etc. proper proof should be shown. they should sign the deed of gift form. also, you can get the money back from your friends if you have already given them.

g) If you are going for new house, then you should confirm your options and choices in your house. this is something like your carpet choice, tiling, kitchen changes etc.

h)once money source is verified, then you pay your missives amount, I paid £ 2099.00.

we have to pay to solicitor and then then will pay to the builders.

same time if you are paying opting for first home fund, you have to pay £550.00

i) Then it will be concluded, you should receive your conclusion letter from builder.

we have to wait till the construction is completed and then key is given, we can enter house. Have to pay the remaining money or loan should be sanctioned before entering house.