Step-by-step guide to buying
Getting finance in place
We advise purchasers to have their finances sorted before starting the buying process. If money is tied up in shares or investments, it is a good idea to ensure that funds can be accessed easily and without delay to avoid holding up the buying process. If a mortgage is required, we advise that you contact a mortgage advisor.
Either register online, through the website or by telephoning or calling in to the office. Once you are registered we can match you to properties and alert you to any new properties that become available. Contact us if you are interested in viewing a property.
Instructing a solicitor
We advise buyers to appoint a solicitor as soon as the search for a property begins to ensure that the buying process moves along as quickly as possible.
Making an offer
Once you have made an offer we will pass this on to the seller as soon as possible. We will need to ask you how you intend to fund the purchase and, if you have a mortgage arranged we will need an Agreement in Principle (AIP) document, we will need details of your financial advisor and, in the case of cash buyers, we will require evidence of finance.
If your offer is accepted, we will contact your solicitor, the seller and their solicitor and confirm details of the sale in a Memorandum of Sale. Offers are not legally binding until contracts have been exchanged.
Survey and mortgage offer
If you are buying with a mortgage, the lenders will require a survey of the property and they will arrange this usually through us. Once they have received a satisfactory survey report the lender will issue a mortgage offer to your solicitor. If you would like a survey for your own interest, we can provide the details of reputable surveyors.
Exchange of contracts
Once contracts are exchanged the sale becomes legally binding on both sides. Exchange can only take place when you have paid a cleared deposit (usually 10% of the purchase price) into your solicitor’s account. Your solicitor will inform you and then us when exchange has taken place. The completion date is then set by mutual agreement and is contractually binding.
Completion occurs when you transfer the remainder of the purchase price to your solicitor by the agreed completion date and the purchase is then finalised. Your solicitor will contact you and us when this has happened and we will release the keys to you.