What to do just before you get your keys

Firstly, a big congratulations, you’ve now exchanged contracts! After weeks and months of waiting, you are about to move in. What should you do first?

We have made a practical checklist to help you with what needs to be done and the people you need to notify about your move.

Security and Access

Locks and keypads

To ensure you’re the only ones who have access to your property, it is a good idea to change the locks and reset any keypads.

Alarms and cameras

Update any alarm systems and install security cameras if you wish.

Utilities

Gas & Electric

One of the first things we recommend doing is to check the gas and electric meter readings. From there, you can set up your account and be charged only for the energy you use. You should have been informed about the existing gas and electricity supplier. It is also a good idea to take a photo of the meters, as this will include a date and help the provider when opening the account.

Water

Your water supplier is responsible for providing drinking water of an appropriate pressure and in charge of sewerage too. You won’t be able to pick your water supplier, but you will need to update them with your details as the new homeowner.

Internet, phone, and TV

Again, you should have been informed by the previous owners who your phone and internet provider is. If you had a contract from a previous house, contact them to see if they can move you over.

Mail

Remember to redirect your post with Royal Mail.

Bin days

Find out and make a note of when the bin collection days are – this may become useful when moving in with plenty of boxes to recycle!

Safety and Maintenance

Smoke and carbon monoxide alarms

Test and replace any smoke and carbon monoxide alarm batteries

Water mains, gas, and electrics

Find out where the water mains are and locate the shut-off valve. Same if you have gas in the property – make sure you know how to turn it off, and locate the electrical panel.

Before you move in

Consideration should be given to whether you want new carpet/flooring, or to redecorate. Organising for this to be done before moving furniture in would make sense and be more cost-effective. Most people would want to give the place a deep clean.

Keep documents safe

Keep a file of any warranties, manuals, and inspection reports.

Recent posts

The chancellor will deliver her second budget this autumn. Due to slow economic growth and high inflation, the government need to manage a £40 billion shortfall in public finances. There have already been reports about changes to taxes including income tax and capital gains tax.

The chancellor has advised that landlords could have another tax to pay this autumn as the Treasury decide whether to extend national insurance contributions to rental income. 

According to a report in the Guardian, senior ministers have asked Treasury officials to look into a “proportional” property tax to see how it would work as an alternative to the existing stamp duty land tax on owner-occupied homes. 

More than a quarter of UK adults in long-term relationships (26%) have reported that despite living together, they keep their finances separate from one another.

There has been a rise in both rent and mortgage costs over the last three years, with renters seeing a greater increase in their monthly payments than those with a mortgaged property.

The new Delayed Start Mortgage launched by Skipton Building Society allows first time buyers to postpone the first three mortgage payments. This product has been designed to help soften the blow of moving in costs for first time buyers. 

Mortgage lenders are starting to recognise their “Green” responsibilities when it comes to the different products they offer. 

A recent study by Boon Brokers where 1,000 people who had used an estate agent over the last year were surveyed, showed that a whopping 52% said they were pressured into using the estate agents’ in-house mortgage broker.