Buying a property can be a complicated and arduous process. Homelink has taken the time to simplify this process into the following key steps:
1. Arrange your finance
Before starting your property search, it is important to have your finances in place. The finance you manage to raise will be a major factor in influencing your property search.
2. Register your interest with HomeLink
Call us on 01234 320 040 to discuss your property requirements with one of our Property specialists. You can also contact us online if you are short of time. With a large portfolio of properties to choose from you can rest assured we have just what you’re looking for.
3. Find the right property
We will search for a property which matches your requirements keep you constantly up-to-date via email and SMS alerts as soon as properties become available. Search for a property now using the Property Search to the right of this page.
4. Research and view properties
Try to view properties early as there is significant demand and no guarantee they will remain on the market for long. We can arrange a viewing at your convenience and will accompany you throughout so that we are on hand to answer any questions immediately and advise where necessary. Do some reading on the local area and available amenities beforehand.
5. Instruct a solicitor
It’s very important to commission an efficient and experienced solicitor. This is essential to ensure you know your way around the legal matters related to a purchase and you can read more about instructing a solicitor here.
6. Make an offer
Once you have identified and reviewed a suitable property, we will put your offer forward to the seller both verbally and in writing stating any special conditions of the offer. Making an offer is a critical to secure a good property value and we have more information about this here.
7. Offer agreed
Once your offer is accepted we will do the following:
– Prepare a memorandum of sale
– Write to all parties to confirm the agreed price
– Ask you to confirm your solicitor’s and finance broker’s detailsYou will now need to instruct your solicitor to proceed with the conveyancing process and your mortgage broker to proceed with your application.
As part of the conveyancing process your solicitor will do the following:- Raise any enquiries on receipt of the draft contract from the seller’s solicitor
– Request their own local searches
– Refer to the information already provided in the seller’s Information Pack
– Agree on a date for exchange of contracts
– We will assist your solicitor and negotiate throughout the process, keeping you informed every step of the way.
9. Survey and mortgage offer
A survey of the property will be booked by a surveyor on behalf of the mortgage lender to identify any structural problems and advise on the property’s value. Read more about arranging a mortgage here.
10. Exchange of contracts
Exchange of contracts occurs when all enquiries have been confirmed and agreed. More information about exchanging contracts is available here.
Once the contract has been signed by both parties, the deposit (usually 10% of the purchase price) will be transferred between banks or paid in the form of a banker’s draft from your solicitor to the seller’s solicitor. The completion date is then set by mutual agreement.
Completion is when the residual monies (usually 90%) are transferred from your solicitor to the seller’s solicitor’s account. More information about completing a sale is available here.