Buyers Guide
Buying Process
1. Find your ideal home
Most buyers will look at a minimum of two to three properties before deciding to purchase, typically visiting on several more occasions prior to making an offer. We recommend that you always have an offer of finance in place before committing to a property. However, if you have a home to sell getting a valuation prior to viewing is also advisable.
2. Making an offer
Congratulations you have found your ideal home! Now in order to secure it you need to make an offer. To increase your chance of having your offer accepted please have your deposit and mortgage information to hand along with your agent’s details if you are in a chain. The agent will need to comply with the Money Laundering regulations and formally identify you and the source of funds; currently, this process will also be undertaken by your lender and your solicitor.
3. Offer accepted
Now that the property can be marked as sold (subject to contract) your buying journey can begin. Instruct your solicitors, inform your lender to start a full mortgage application and decide if you need a survey. We can help you with all these services and the journey takes about 3 months. Once your lender has approved the mortgage, the mortgage offer will be sent to your solicitor.
4. Completion
Once your solicitor is satisfied with your purchase, including search results, mortgage offer and survey, you are ready to exchange and complete. Exchange of contracts is the point at which you commit to buy the property with a date set for completion, and it is on this agreed date that you pay for the property and collect your keys.