Guide to Buying

1. Prepare Your Finances:
Get a mortgage agreement in principle to understand your budget.
Save for a deposit (typically at least 5-10% of the property price).

2. Find a Property:
Use estate agents, online platforms, or auctions to find suitable properties.
Attend viewings to inspect the property’s condition.

3. Make an Offer:
If you find a property you like, make an offer through the estate agent.
Negotiate the price and other terms if necessary.

4. Property Survey:
Hire a surveyor to conduct a property survey to identify any potential issues.
Use the survey report to renegotiate the price if needed.

5. Mortgage Application:
Formalize your mortgage application with a lender.
Provide necessary documents and information.

6. Instruct a Conveyancer:
Choose a solicitor or licensed conveyancer to handle the legal aspects.
They will perform local searches, check the legal title, and handle the transfer of funds.

7. Exchange of Contracts:
Your conveyancer will exchange contracts with the seller’s conveyancer.
This is a legally binding agreement, and you will pay a deposit (usually 5-10%).

8. Completion:
Choose a completion date when the property becomes officially yours.
Pay the remaining balance to the seller’s conveyancer.

9. Post-Completion:
Your conveyancer will register the property in your name with the Land Registry.
Notify utility companies, update your address, and organize home insurance.