Step-By-Step Guide to Buying A Property

Buying a property can be a compli
cated process. This step-by-step guide has been designed to walk you through the process of buying your property.

Step 1: Arranging your mortgage

Before you begin your property search, it is advisable to arrange your finances and, if required, have a mortgage agreed in principle. This will confirm how much money you will have to fund the purchase, which will ultimately influence your property search. 

Our recommended mortgage advisor will help to find you the best mortgage available to you.

Step 2: Register your interest

The first step to finding the right property is to contact us by either calling, emailing or visit our office.

Call us on 01443 809836 or click here to complete the contact form.

Step 3: Finding the perfect property

Once we have a clear understanding of your requirements you will receive a selection of properties that match your criteria. We can also keep you constantly up-to-date via email and SMS alerts when the latest properties become available. 
Search for a new property to buy.

Step 4: The key to successful viewing

We conduct viewings at times to suit you.
In order to secure a property we recommend an early viewing. We will chauffeur you to your viewings ensuring you arrive in a relaxed frame of mind and accompany you throughout so that we are on hand to answer any questions immediately and advise where necessary.

Step 5: Instructing a solicitor

The successful purchase of a property can be reliant on the instruction of an efficient and experienced solicitor. It is a good idea to use a solicitor who knows the area that you're moving to and specialises in conveyancing. 
We recommend using our solicitors who have an extensive knowledge and provides an excellent service.

Step 6: Making an offer

Once you have identified a suitable property we will put your offer forward to the seller both verbally and in writing stating any special conditions of the offer. You may need to demonstrate, if requested, that you are able to proceed (e.g. provide evidence of your mortgage agreed in principle). 
There are no legal obligations on either side until contracts are signed.

Step 7: Offer accepted

Once your offer is accepted we will do the following: 
  • Prepare a memorandum of sale 
  • Write to all parties to confirm the agreed price 
  • Ask you to confirm your solicitor's and mortgage broker's details 
You will now need to instruct your solicitor to proceed with the conveyancing process and your mortgage advisor to proceed with your application.

Step 8: Conveyancing

As part of the conveyancing process your solicitor will do the following: 
  • Raise any additional enquiries on receipt of the draft contract from the seller's solicitor 
  • Request their own local searches 
  • Agree on a date for exchange of contracts 
We will assist your solicitor and negotiate throughout the process, keeping you informed every step of the way.

Step 9: Survey and mortgage offer

A survey of the property will be booked by a surveyor on behalf of the mortgage lender to identify any structural problems and advise on the property's value. 
After the mortgage valuation report is received, a formal mortgage offer will be sent to you and your solicitor which you will need to sign before it is returned. 
There are no legal obligations until contracts are signed.

Step 10: Exchange of contracts and completion

Exchange of contracts occurs when all enquiries have been confirmed and agreed. 
Once the contract has been signed by both parties the deposit (usually 10% of the purchase price) will be telegraphically transferred or paid in the form of a banker's draft from your solicitor to the seller's solicitor. 
The completion date is then set by mutual agreement.

Completion is when the residual monies (usually 90%) are transferred from your solicitor to the seller's solicitor's account. 
We will release the keys once the money has cleared in the seller's account. 
Congratulations, you are now the legal owner of your new home!