Buying Process


1Arranging your mortgage

Finding the right mortgage can be a daunting task, with so many lenders, schemes and rates available, where do you start?  We advise you seek advice from an independent financial adviser as a first step and they will carry out the necessary steps to then issue you with An Agreement In Principle.  This ensures you are looking at affordable property and also puts you in a good position when making an offer.

2Register your interest

Register online with estate agents in the area you wish to move to, or if convenient drop into the offices on the high street. Once registered, they should then email details of relevant properties to you. Register with  the property portals: Rightmove and Zoopla and you will receive email alerts with relevant properties 24/7.

3Finding the right property

Think about your ideal property and write a list of key requirements and include what you may be prepared compromise on.  This can help you in deciding on which properties to view and will make it easier for the estate agent to direct you to suitable properties.

4Making an offer

Once you have found your ideal property you make an offer to the agent.  You must consider how much you can afford, weighing up your mortgage offer plus your equity. Don’t forget to allow for Stamp Duty and Solicitor’s Fees.  Once the vendor has accepted your offer you should instruct a solicitor to start the buying process. We can recommend excellent local solicitors to you.

5Offer agreed

Once agreed, the estate agent will issue the sales memorandum to both sets of solicitors and the specific mortgage application begins. You will be required by your lender to pay for a valuation survey and your solicitor will ask you to pay for Local Searches. The estate agents will liaise with both solicitors to ensure that your purchase goes through smoothly.

6Conveyancing

This is the legal term for the transfer of ownership of a property from one party to another. Your solicitor will liaise with the vendor’s solicitor while carrying out Land Registry and Local Authority searches to establish the boundaries of the property, any restrictive covenants or potential developments in the area that may affect your enjoyment of your new home.

7Survey and mortgage offer

Your lender will require a survey for mortgage purposes to establish a realistic valuation. You may also choose to undertake a further more detailed survey although this is usually advisable on a period property or one of non-standard construction. Any issues highlighted may affect the lenders ability to offer a mortgage in its entirety and they may impose special conditions on the mortgage offer.

8Exchange of contracts

Up until this point, either party can withdraw from the sale or purchase, without legal implications. When your solicitor has received: satisfactory replies to all searches and enquiries, a copy of the mortgage offer, a signed contract and the deposit, they can then proceed to exchange of contracts. From this point the seller and buyer are legally committed to the deal. At this point the date is then set for completion.  Time to book removals!

9Completion

Completion is the formal process of transferring the balance of monies due from the buyer’s solicitor to the seller’s solicitor.  This process will be dependent on your circumstances and any other parties involved in the buying chain.  Once the monies have been received by the seller’s solicitors you can collect the keys and become the legal owner of your new home.

10Moving in

Congratulations! You are now the proud owners of a lovely new home.  Remember to get your mail re-directed and don’t forget to tell your bank, your employer, HMRC, DVLA etc that you have changed your address. Agree meter readings, transfer the phone lines and other utilities. Tell your friends and organise the moving in party!
Disclaimer:  This information is provided as a guide only. You should obtain professional advice when buying or selling a property and Flint and Company accept no liability if you rely on the content of this guide and do not obtain professional advice.

Property Valuations

Valuing is an inexact science, so our extensive experience in the industry, combined local knowledge and thorough research into previous related sales, ensures we give accurate and honest advice for every property. At present during the pandemic, we follow government guidelines and attend all properties wearing PPE.

Quality Marketing

Achieving the highest price and selling to the strongest buyer is our aim. We believe that utilising exceptional marketing material assists us, so we employ professional photographers and floor planners for every property at no additional charge, ensuring your property is presented in its best form on the property portals and on social media websites.

Property Presentation

An additional service we provide is advice regarding presentation of your property and where best to invest a little money on home improvements if funds are available, or simply how best to present the house as is. This advice can really add significant value to the property and we do not make any additional charge for this service.

Fees

Letting Fee Information

The asking rent does not include letting fees. Our standard administration fee (which covers general administration and preparation of paperwork) is £xxx (£xxx+VAT). A security deposit, usually equivalent to six weeks rent, is also payable.

Depending on your circumstances and the property you select, one or more of the following may also be charged to you upfront;

Fees may be charged on a per person or per property basis, please call us on 01444 627 762