Buying Process

Firstly, ascertain what budget you have in relation to your property purchase. The majority of buyers require a mortgage, so it’s a good idea to speak with your lender or financial advisor to understand how much you can borrow. Your lender can provide you with ‘an agreement in principle’

Register your requirements with Mark Revill & Co; we will then keep you informed of any suitable properties that come to the market. Many people also set up property alerts on rightmove.co.uk and onthemarket.com.

Once you’ve found your dream property speak with the estate agent handling the sale and ask them to put forward your offer to the seller. If you have your mortgage agreement in principle it’s useful to provide a copy to the estate agent to substantiate your offer. If you’re also selling a property, pass on the details of your selling agent when making your offer.

Once your offer is accepted, it’s time to instruct a conveyancing solicitor. Mark Revill & Co have a close working relationship with a number of local solicitors.

If you’re raising a mortgage on your purchase, your lender will require a mortgage valuation to be carried out. This is the most basic level of survey and can be upgraded to a Homebuyer Survey, or Full Structural Survey (the most comprehensive) on request .

Your conveyancing solicitor will receive a draft contract and the property protocol forms including the fixtures and fittings forms. They will apply for local authority , environmental and water searches. When your solicitor has received satisfactory replies to enquiries searches and a copy of the mortgage offer they are now ready to exchange and a completion date can be agreed. When you have exchanged you can now start making plans by informing everyone of your new address including utility companies, DVLA , the local authority and family and friends. You can also arrange a removal company.

You now have a date and can start making plans for your intended move. You will need to arrange a re-direction of your post and inform many people of your change of address including the Local Authority, utility companies, driving license, insurance companies etc.

Once the owners Solicitor has received the monies then you have officially completed. The agents will now be authorised to release the keys, so you can move into your New Home.