Buyers - The Buying Process

Step 1 – Finances at the Ready!

 

Before you begin searching for property, we would strongly advise that you arrange your finances and, if required, have a mortgage agreed in principle.  This will help confirm how much money you have to fund the purchase, which will ultimately influence your property search criteria.

 

We have a Mortgage Advisor who you can speak to, which has access to the entire market, as well as exclusive deals and rates to help find you the best mortgage.

 

Step 2 – Registering your interest

 

The initial steps to finding the right property is to register your interest with us by either calling us on 01325 351212, completing our online registration form or visit our Branch to discuss your requirements with one of our property agents.

 

We have many properties to choose from and with our help, we can assure you are looking in the right locations, for the right property.

 

Step 3 – Searching for the right property

 

Once we have discussed your requirements you will receive a list of properties which match your criteria.  We will also keep you up-to-date with the property alerts of the latest properties being marketed.

 

Step 4 – Viewings and offers

 

In order to prevent any disappointment, we strongly recommend an early viewing.  We will meet you at the property and be available to answer any questions that may arise during the viewing.

 

Our office is open 9am-5pm Monday to Thursday, and 9am-4.30pm Fridays.  We are available for viewings on Saturdays, Sundays and Bank Holidays by appointment only.

 

Step 5 – Making an offer

 

Once you are confident that you have found the right property for you, we will put your offer forward to the seller stating any special conditions of the offer.  We will at this stage request that you demonstrate that you are able to proceed (e.g. provide evidence of your funds or mortgage agreed in principle).

 

Step 6 – Acceptance of your offer

 

Once your offer has been accepted, we will do the following:

 

  • Write to all parties to confirm the agreed purchase price
  • Ask you for confirmation of your solicitor’s and mortgage broker’s (if applicable) details
  • Prepare a memorandum of sale

 

Step 7 – Conveyancing

 

During the conveyancing process of your purchase, your solicitor will do the following:

 

  • Raise any queries in relation to the draft contract received from the seller’s solicitors
  • Request their own local searches
  • Agree a mutually available date to sign and exchange contracts

 

We will assist your solicitor throughout the process and endeavour to keep you informed of progress throughout the process.

 

Step 8 – Survey and mortgage offer

 

If you are using a mortgage to finance your purchase, your mortgage lender will arrange for a survey to be completed to advise a property’s value and identify any structural problems.

 

After the mortgage valuation has been completed and the report received by the lender, a formal mortgage offer will be sent to both you and your solicitor which you will need to sign and return.

 

Step 9 – Exchanging contracts

 

Once any queries have been confirmed and agreed by all parties, then the exchange of contracts can occur.  This process is handled by all parties’ solicitors and a date to exchange contracts will be set.

 

Once the contract has been signed by all parties the deposit, which usually equates to 10% of the purchase price, will be paid in the form of a banker drafts or electronically transferred to the seller’s solicitors.

 

Now a date for completion can be mutually set by all parties.

 

Step 10 – Completion

 

Completion is when the remaining monies are transferred from your solicitor’s to the seller’s solicitor’s account.  Once the monies are cleared in the seller’s account we will release the keys.  Congratulations, you are now the legal owner of your new property.