Step by Step Buying Guide
1. Arrange a mortgage
Before you start your search for the perfect property we would strongly advise that you get your finances arranged. It is best to speak to an independent mortgage advisor who has access to all of market products. They will be able to help you determine how much you can afford and get you deals suited to you. Don’t forget to keep money aside for the stamp duty land tax as well. See our guide to stamp duty.
2. Contact us
Come and visit us in person to discuss your specific needs or register online if you are short of time and keep one step ahead. We will inform you as soon as a property that may be suitable becomes available via email or SMS.
3. Arrange your viewings!
We accompany all viewings and at a time to suit you. To be in with the best chance of securing a property we recommend early viewing.
4. Instruct a solicitor
It is advisable to instruct a solicitor before you find your ideal property so that you are ready to go! Choose a local solicitor or legal specialist that specialises in conveyancing. This conveyancer will ensure that all the relevant paperwork is in order. If you would like any help in choosing your conveyancer/property solicitor, please contact us. We only recommend solicitors we trust to do an excellent job and who work with us to keep your move as stress free as possible.
5. Make an Offer
You’ve found a property you definitely want to buy. Don’t waste time in making an offer. If you love the property the chances are someone else will too. If your first offer is declined don’t be concerned as buying property is all about negotiation. We will negotiate on your behalf and keep you informed every step of the way. You will though need to demonstrate your ability to proceed.
6. Offer agreed
Once your offer is accepted we will issue all parties with a memorandum of sale which will include the agreed selling price as well as solicitor details. At this stage most buyers will employ a chartered surveyor to carry out a more in depth survey. The most popular types of survey are a homebuyers report or a building survey – see our guide on surveys.
Your solicitor will raise any enquiries on receipt of the draft contract from the seller’s solicitors. They will request local searches and agree on a date for exchange of contracts. See our guide to conveyancing.
8. Mortgage offer
The mortgage company will arrange a mortgage valuation to be carried out. When this is done and deemed acceptable they will issue a mortgage offer.
Exchange will take place when all parties are happy and any issues raised resolved. A deposit will be paid to the seller’s solicitors (usually 10% of the purchase price). A completion date is set. This is now a legally binding contract between the seller and you.
When all the monies have been received then legal completion takes place and you can get your keys! Congratulations!