BUYER'S GUIDE
Buying a property
Buying a property can be daunting but our step by step guide below will show you how the process works from finding your ideal property to getting the keys to your new home.
When choosing a property, you will probably start by thinking about price, location, and size. It is also a good idea to consider what level of renovation you may be happy to consider, how close you need to be to local amenities, and the amount of Stamp Duty you might need to pay on the purchase. You could also consult a mortgage-advisor to assess affordability if you will require a mortgage for the purchase. To make your search easier, try listing your top three must-haves and areas where you are open to compromise.
We will keep you updated about properties which may be of interest according to your search criteria. We will then arrange accompanied viewings where we can answer any questions you have about the property. Some things to keep in mind include service charges and ground rent, local parking and transport links, school catchment areas and whether the property is leasehold or freehold.
Once your mortgage offer has been secured, a solicitor has been appointed, and all relevant costs—including Stamp Duty, legal fees, and moving expenses—have been accounted for, you will be ready to submit an offer. We will formally present your offer to the seller and upon acceptance we will request the necessary Customer Due Diligence (CDD) documents and verify the transaction details, including proposed timelines. At this stage, the process is officially underway.
At this stage, you will enter into a legally binding contract to purchase the property and submit a deposit, (typically no less than 10% of the property's value). At this point responsibility for the property transfers to you so it is strongly recommended that appropriate insurance coverage is arranged. If you intend to let the property our lettings team can offer professional advice on rental levels, property management, and furnishing options so you can hit the ground running upon completion.
On the agreed date the remaining balance for the property will be transferred to the seller’s solicitor. Upon receipt of the payment you will be given the keys and you will officially be the owner of the property.
