Buyers Guide
Property Buyer’s Guide: From Offer to Completion
Our team is here to guide you from valuation to completion. Contact us today to book your free consultation.
1. Arranging Finances
- Get a mortgage in principle before making an offer.
- Budget for additional costs: survey, solicitor fees, Stamp Duty, and moving costs.
2. Making an Offer
- When you find the right property, your estate agent submits your offer to the seller.
- Once accepted, the property is marked as Sold Subject to Contract (SSTC).
3. Instructing a Solicitor
- Appoint a conveyancer/solicitor to handle the legal work.
- Provide them with your ID and proof of funds for anti-money laundering checks.
4. Applying for a Mortgage
- Submit a full mortgage application with your lender.
- The lender arranges a valuation to ensure the property’s worth the agreed price.
5. Property Survey
- You may choose an independent survey (HomeBuyer Report or full Building Survey).
- Surveys can highlight issues that may affect your decision or negotiations.
6. Legal Searches & Enquiries
- Your solicitor carries out searches (local authority, drainage, environmental).
- They raise enquiries with the seller’s solicitor about the property.
7. Mortgage Offer Issued
- If everything checks out, your lender issues a formal mortgage offer.
- A copy is sent to you and your solicitor.
8. Reviewing Contracts
- Your solicitor reviews the draft contract and title deeds.
- They explain the details and ask you to sign once satisfied.
9. Exchange of Contracts
- You pay a deposit (usually 10% of the purchase price).
- Contracts are exchanged — the sale is now legally binding.
- Agree on a completion date (moving day).
10. Completion Day
- Your solicitor transfers the balance to the seller’s solicitor.
- Once funds are confirmed, you can collect the keys from the estate agent.
- Congratulations — you’re now a homeowner!
Buyers Tips for a Smooth Purchase
- Have documents (ID, proof of deposit, mortgage in principle) ready early.
- Keep in close contact with your solicitor and mortgage broker.
- Budget realistically for all costs beyond the purchase price.
- Stay patient — delays are common in property chains.
Need Help Buying a Home?
Our team is here to guide you through every step of the buying process. Contact us today to start your property search with confidence.
