Top five checks before buying a new home

Top 5-650

Although there is no 'perfect' time to buy or sell a house in the UK, the market does tend to pick up in the autumn. Experts believe this is because the summer holidays are over and people are back in their normal routine – but the cold of winter hasn’t begun yet.

If you are looking for your first home, want to move up the housing ladder, or are considering investing in a buy-to-let property, you’ll want to take a look at our top five checks when buying a new home below. These could help save you time and money before you buy.

  1. Check the vendors are asking a fair price

    To find out what property is being sold for in your chosen area (as opposed to what is being asked) check out the Zoopla website. The site contains historic property listings, including pictures and details – and sold prices. This will mean you can compare similar houses in the area you’re looking at to see if you are getting a good deal.

    www.zoopla.com

  2. Check local schools

    To find out details about local schools – including location and OFSTED reports – go to the government website. You’ll find links at the bottom of the page for schools in Scotland, Wales and Northern Ireland.

    www.gov.uk/find-school-in-england

  3. Check if there are any risks in the environment

    You can check environmental risks – such as flooding, subsidence, nearby landfill or mining sites – on a website called Home Check. You’ll just need to enter the postcode where you wish to buy to receive instant information about that area.

    www.homecheck.co.uk

  4. Check what’s being built nearby

    All new developments that require planning permission in your chosen area will be on the local council’s website. You can search the register of planning permissions via the government’s website: 

    https://www.gov.uk/search-register-planning-decisions

  5. Check you can afford home finance

    To make sure that you can afford your new home or buy-to-let investment, it really pays to use a calculator for home finance. Al Rayan Bank has a calculator to show payments on its Sharia compliant Home Purchase Plan (or HPP) range at:

    www.alrayanbank.co.uk/home-finance/home-purchase-plan/payment-calculator

Al Rayan Bank’s Home Purchase Plans (HPPs) and Buy-to-Let Purchase Plans (or BTLPPs) are based on the Islamic finance principles of a co-ownership (Diminishing Musharaka) and leasing (Ijara), and offer very competitive rental rates – in fact, the current rental rates are the Bank's lowest ever. For more information on HPPs and BTLPPs, please call 0800 4080 448 and speak to a member of our team, or complete our online form and we'll get back to you.

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