Buying a Property

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If you are considering buying a property the internet has made life considerably easier for you. Ensure you register with us so we can keep you up to date as new properties come to the market.

 Buying a property is, for many, the biggest investment they will make there are a few things you can do to ensure the process is as smooth as possible:

Talk to a Mortgage Adviser
A good mortgage broker will be able to explain the various options that are available and to direct you towards the most favourable offer to fit your circumstances. We are happy to recommend one to you.
Appoint a Solicitor
It is beneficial for you to use a solicitor who is familiar with the area in which you are purchasing a property. We can recommend a few different solicitors to you should you need.
Search for a Suitable Property
Once you have your mortgage arrangements in place, you will be in a strong position to act when a suitable property is offered to you. We will be able to guide you as to where you are most likely to find the ideal accommodation.
Submit an Offer
Once you have found a suitable property, act decisivly and submit your offer. This can be done verbally and/or in writing, making  clear any conditions associated with it . Once your offer is accepted we will notify your solicitor and give them all the information they require to commence their due diligence. 
The Sales Process
If you are obtaining a mortgage, notify your broker or lender. The lender will normally instruct your solicitor to act on their behalf as well. We will be in regular touch with both parties' solicitors to ensure things move at an appropriate pace.

Survey and valuation
You should obtain tour own Homebuyers Survey/valuation or full survey. Your mortgage lender will normally appoint their own surveyor to carry out a valuation of the property which you will get a copy of but we recommend you do not rely solely on it. Usually the surveyor conducting the lenders survey can carry out the more detailed survey for you at the same time.

Exchange Contracts
Once your solicitor has completed his enquiries and received your written mortgage offer a date is agreed for exchange of contacts and completion of your purchase. Two identical contracts are signed by the purchaser and vendor and exchanged. At this point the purchaser pays the agreed deposit, normally 10% of the purchase price. Both parties are now legally bound to proceed to completion and if you do not it could result in the forfeit of your deposit. The property must be insured by the purchaser from the date of exchange.

On completion day the outstanding balance is transferred to the vendor's solicitor and the property becomes yours. Keys can be collected and you can move in. Your solicitor will have the conveyance stamped by the Inland Revenue and registered with the Land Registry. The Deeds will be handed over to you or your mortgage lender after these legal formalities are completed. The appropriate stamp duty is liable and payable on completion. 



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