Buying – The Step by Step Guide

Before you start your search for the perfect property, we would strongly advise that you get your finances arranged. It is best to speak to an independent mortgage advisor who has access to all of the market products. They will be able to help you determine how much you can afford and get you deals suited to you. Don’t forget to keep money aside for the Stamp Duty Land Tax as well. See our guide to stamp duty.

Come and visit us in person to discuss your specific needs, or register online if you are short of time and keep one step ahead. We will inform you as soon as a property that may be suitable becomes available via email or SMS.

We accompany all viewings and find a time to suit you. To have the best chance of securing a property, we recommend early viewing.

It is advisable to instruct a solicitor before you find your ideal property so that you are ready to go! Choose a local solicitor or legal specialist who specialises in conveyancing. This conveyancer will ensure that all the relevant paperwork is in order. If you would like any help in choosing your conveyancer/property solicitor, please contact us. We only recommend solicitors we trust to do an excellent job and who work with us to keep your move as stress-free as possible.

You’ve found a property you definitely want to buy. Don’t waste time making an offer. If you love the property, the chances are someone else will too. If your first offer is declined, don’t be concerned, as buying property is all about negotiation. We will negotiate on your behalf and keep you informed every step of the way. You will though need to demonstrate your ability to proceed.

Once your offer is accepted, we will issue a memorandum of sale to all parties, which will include the agreed selling price as well as solicitor details. At this stage, most buyers will employ a chartered surveyor to carry out a more in-depth survey. The most popular types of survey are a homebuyers report or a building survey – see our guide on surveys.

Your solicitor will raise any enquiries on receipt of the draft contract from the seller’s solicitors. They will request local searches and agree on a date for the exchange of contracts. See our guide to conveyancing.

The mortgage company will arrange a mortgage valuation to be carried out. When this is done and deemed acceptable, they will issue a mortgage offer.

Exchange will take place when all parties are happy, and any issues raised are resolved. A deposit will be paid to the seller’s solicitors (usually 10% of the purchase price). A completion date is set. This is now a legally binding contract between the seller and you.

When all the money has been received, then legal completion takes place, and you can get your keys! Congratulations!