Our property professionals take great delight in helping you find your ideal home; we can point you in the right direction when it comes to finding the right mortgage product, finding that perfect property in your price range and advising you on the best conveyancers in the business. We put ourselves in your shoes as a buyer and chase the purchase through to completion. Your property purchase will proceed seamlessly and effortlessly.
The first step is to find the right property for you. It is important to consider how long you intend to be at a property, whether school catchment areas are important, what your budget is, and what your must-haves and nice-to-haves are. Create a list and get as many ticks as possible. Go and see as many properties as possible to get a real idea of what you like and don’t like, and avoid ruling properties out without seeing them. Many buyers will buy something completely different to what they initially set out to.
In order to make an offer and put yourself in the strongest possible position when the vendor is considering your offer, it is imperative that you have a mortgage agreed and solicitors in place. This shows the purchaser that you are ready to proceed should they wish to accept your offer. Speak with Loveitts and we can help with both the mortgage and legal side.
Once your offer is accepted, ensure that you instruct your solicitors quickly and pay for searches. Searches can take a couple of weeks to come back so it is important that this is done early on to ensure a swift sale. At the same time, it is important to instruct your mortgage survey as again this could take a couple of weeks to come back and you will not get a mortgage offer until a RICS surveyor has signed off the value and condition of the property.
The owner of the property will have their solicitors send you out a draft contract. This will form the basis of the formal contract that you will sign in order to exchange contracts. Your solicitor will go through this with a fine tooth comb and raise any questions or queries that they have. It will be up to the owner and their legal representative to ensure that these are dealt with and answered satisfactorily.
Once the mortgage offer is in, the searches are back and your solicitor is happy with the contract, then you will sign and transfer a 10% deposit. You will then be asked for authority to exchange. Once this takes place the sale is then legal and neither party are able to pull out without being in breach of contract. This is also the point where the completion date is confirmed and you can book removals.
On day of completion, the solicitors will call you to let you know that you are now the legal owner and you can collect keys and move in to your new home. Completion usually takes place before lunchtime and keys are left with the estate agent. Loveitts are on hand to guide you through this process and make it as smooth and stress-free as possible.