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STEP-BY-STEP GUIDE

BUYING A HOME

Here are a few steps that every prospective homeowner should take before making a big purchase. 

Sort Your Finances

Before starting your property search, we recommend arranging your finances and obtaining a mortgage agreement in principle. This will help you determine how much money you have available to purchase a property and will affect your property search. We can assist you in finding the best mortgage available with our market access.

Register With Us

Register with us to find the perfect property for you. If you have limited time, you can easily register your interest online. We have a vast selection of properties to choose from, so we are confident that we will have what you're looking for. 

Property Search

After we have determined your property requirements, we will provide you with a list of potential properties that match your criteria. We can also keep you informed about the latest released properties by reaching out to you in the most convenient way. 

Viewings

To give you the best chance of securing a property, we suggest you view it as soon as possible. We will meet you at the property and accompany you during the viewing to answer any questions you may have and provide advice when necessary. We are flexible with viewing times to accommodate your schedule.

Choosing a Solicitor

Using an experienced and efficient solicitor is crucial to ensure a successful property purchase. We recommend selecting a solicitor who specialises in conveyancing and is familiar with the area you plan on moving to. Our recommended solictors will help ensure a smooth and stress-free process.  

Making an Offer

After you've found a property that satisfies your needs, we'll present your offer to the seller, both in writing and verbally, and we'll make sure they understand any conditions that come with the offer. You might need to show proof that you're able to proceed at this point, such as a mortgage in principle. It's worth noting that there are no legal obligations to keep until contracts have been agreed upon and signed. 

Sale Agreed

After your offer is accepted, we'll take the following steps: 

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  • 1. We will send a letter to all parties involved to confirm the agreed upon price. 

  • 2. We will prepare a memorandum of the sale

  • 3. We will ask you to provide us with the details of your mortgage broker.

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At this point, the solictors will be instructed to provide with the conveyancing process, and your mortgage broker will start working on your application. 

Conveyancing 

Upon receipt of the draft contract from the seller's solicitor, the solicitors will review it and raise any necessary inquires.

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  • The solicitors will request local searches 

  • Agree on a date for the exchange of contracts

  • The solicitors will work with all parties to agree on a date for the exchange of contracts. We will be working alongside the solicitors throughout the process and will keep you informed of each step. 

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Formal Mortgage Offer

A surveyor appointed by the mortgage lender will conduct a survey of the property to determine its value, in case of any issues. Once the valuation report has been received, the solicitors will be provided with a formal mortgage offer that must be signed and returned. Legal obligations will not arise until contracts have been signed. 

Exchanges of Contracts

Contracts are exchanged after all inquires have been confirmed and agreed upon. Once the contract has been signed by all parties, the deposit will be transferred or paid via a banker's draft between the solicitors. The completion date will be agreed upon mutually. 

Completion

Completion takes place when your solicitor transfers the residual monies, approximately 90%, to the seller's solicitor account. Once the payment has cleared into the seller's account, you will will officially become the legal owner of your new home. 

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