Buyers Guide

WHERE TO START!

To begin with, you will need to view as many properties as it takes to find the one for you. When you’re sure you want to proceed, you would then make an offer. There are a few things you can do to speed up the process from the outset. The main thing is to speak to a mortgage advisor and make sure you a financially qualified to proceed. Most vendors insist on this qualification before they will look at an offer. We work in conjunction with the AL Mortgage Solutions Ltd so we can arrange an appointment for you in the comforts of our office with an extremely experienced and friendly advisor.

Once your offer is acceptable, now is the time to instruct a conveyancer to work on your behalf. Again we work closely with some excellent local solicitors so we can arrange a quote for you no problem. It is extremely important you are able to speak with your solicitor when you need to and for us to keep you up to speed with the progress of your sale.

After you have received your solicitors pack, you will need to complete the relevant information and return it to your solicitor as quickly as possible. They may now ask for some funds to be transferred onto your account so they can make a start with searches. Your solicitor will explain in detail what this entails.

Your mortgage provider will then instruct a surveyor on your behalf to inspect the property to make sure it is valued at the amount you are paying.  The basic valuation is not always enough for some properties and many buyers prefer to instruct a surveyor to carry out a much more detailed report.

Once the survey has been completed, you will receive a copy and your financial advisor/lender can now talk you through the implications. Once everything is confirmed you will receive a mortgage offer.  This is a legal document and needs to be read carefully.  Your solicitor will also receive a copy and they will answer any questions you may have.

When everything that is needed has been obtained and your solicitors have advised you so, it’s time to sign your contract. Your solicitor will talk you through this process and explain each document to you.

Once your contract and supporting documentation is signed, contracts will exchange.  This is legally binding and your solicitor will call you first to obtain authority.  When contracts exchange, your completion date will be set.  Once solicitors inform us the property has completed, we will call you to collect the keys to your new home.

This summary is brief and there may be many other factors involved. We are here to advise you so if you’re unsure please call us or your solicitor for clarification.