The Buying Process
Buying a property is less stressful if you understand the entire process.
Step 1: Arranging Your Finances
Step one, before anything else, it’s advisable you arrange your finances, and if required, get an agreement in principle (agreed mortgage certificate), this will tell you how much you can afford to spend on a property. Our mortgage broker has access to the entire UK mortgage market to help find you the best mortgage available. Book a mortgage appointment now
Step 2: Register
Now you know your budget, you can begin to look for a property.
Whatever one of our offices you register with has access to our entire portfolio of available properties across our entire company.
Step 3: Finding the Ideal Property
Now we have a good understanding of what your ideal home looks like, we can then keep you updated on new to market properties, before they even hit the internet, you can register for email alerts and priority phone calls from our sales team to make sure you don’t miss out on your ideal home. Search Now
Step 4: Viewings
In order to secure a property, it’s advisable to arrange a viewing as early as possible. We can accompany the viewing if you wish, and will be able to answer any questions you have immediately and advise where necessary.
Step 5: Making An Offer
Once you’ve identified a property you would like to buy, we’ll put your offer forward to the vendor, both verbally and in writing (along with any special conditions). You may need to demonstrate your ability to proceed financially (example by showing us your agreement in principle)
Step 6: Offer Accepted
Once your offer is accepted by the vendor we’ll arrange for the agreed terms to be sent in writing to all parties. It’s at this stage that you’ll need to instruct your solicitor to proceed with the conveyancing process and your mortgage broker to proceed with your application.
Step 7: Instructing a Solicitor
You’ll need to instruct a solicitor to handle the legal paperwork involved (known as conveyancing). We recommend that you use a solicitor that knows the area that you’re buying in, and who specialises in conveyancing.
We’ll have a selection of solicitors that we work with on a regular basis who we’re happy to recommend. Get a recommended solicitor now
Step 8: Conveyancing
As part of the conveyancing process your solicitor will do the following:
- Raise any enquiries relating to the property you’re buying
- Request local searches and confirm environmental details relating to the property
- Confirm your security towards the property (i.e. Buildings insurance, lease details)
- Agree on a date for exchange of contracts
We’ll liaise with your entire chain from the solicitors involved, mortgage brokers and other Estate Agents throughout the process, keeping you informed every step of the way.
Step 9: Survey and Mortgage Offer
If you’re obtaining a mortgage for the property, your mortgage lender will book a surveyor to visit the property to identify any structural issues that the property may have and to offer the mortgage lender a valuation of the property. This won’t involve a detailed survey of the property and it’s done with no obligations to you.
A formal mortgage offer will be sent to you and your solicitor after the mortgage valuation is received which you’ll need to sign and return.
Step 10: Exchanging Contracts
The contract needs to be signed by you and the vendor. The deposit (usually a 10% minimum of the purchase price, but this can vary from sale to sale) is transferred to the vendors solicitor. Once they receive the deposit the contracts can be exchanged. It’s at this point that the sale is legally binding.
A completion date is mutually agreed between all parties in the chain and set by the solicitors.
Step 11: Completion
This is generally set a few days to a few weeks after exchange of contracts, depending on the personal requirements of the buyers and sellers in the chain.
The agreed price (less deposit) is transferred from the buyer’s solicitor to your solicitor’s account and your fees and bills will be settled.
Congratulations, you’ve now legally brought your property through Fresh!