A guide to buying a new home
1) Selecting your home
Once you have chosen your home, we ask that you get financially qualified by our independent Financial Advisor to determine your ability to purchase. When you are qualified you will then be able to secure your new home with a reservation fee.
Once the reservation agreement is signed it means that, subject to contract, the house is all yours at the price arranged.
2) Choosing a solicitor and a mortgage
Choosing the right solicitor is key, which is why we have a recommended list of tried and tested solicitors for you to choose from to make the process run smoothly. If you decide to choose your own solicitor, make sure you choose one that specialises in conveyancing (preparing property transfer documents). We will need details of your confirmed solicitor at the point of reservation.
If you need a mortgage, you will need to do so quickly. If you would like details of an independent Mortgage Advisor please speak to your Sales Advisor. Mortgage Advisors can easily sort through a large list of lenders and find the best deal for you. There may be costs associated with getting this advice but the savings may be worth it along the line. They are also hugely beneficial in helping you prepare everything you need to make your mortgage application.
Once you have confirmed your mortgage provider they will need to carry out a survey of your home for valuation purposes. There will be a fee associated with this.
3) Exchanging contracts
Approximately 4-6 weeks after reserving your new home your solicitor should have had answers to all enquiries pertaining to the sale and you should have received your offer (if required) from your mortgage provider. At this point your solicitor will ask you to pay the balance of your deposit.
Please note that if the exchange doesn’t happen within the agreed date we are within our rights to put your home back on the market.
4) Visiting your new home
Your Sales Advisor will contact you when we are ready to do an initial walk around your new home. We do this so you can identify any issues well in advance of legal completion so we are confident your home will be perfect once you receive the keys.
5) Moving in
Your Sales Advisor will arrange a second visit to your new home so you can walk through and do a final check before legal completion. We will do our very best to get any minor problems fixed before you legally complete and occupy your home.
On the day of completion our Sales Advisor will formally hand your house over to you, give you instructions on the appliances and technology, hand over your keys, give you a new home pack, read your meters and make sure you are happy with every aspect of your new home. You will be asked to sign a handover certificate that documents all of this.
6) Once you have settled in…
We highly recommend you read your new home pack and LABC information. Both contain essential information about your home.