Buying Advice
You should have a mortgage agreed in Principle, this will influence your property search and put you in a strong position when making an offer. Our recommended mortgage broker is Jane Bacchus at ‘More than a Mortgage’ . She has access to the entire market as well as having exclusive rates to help find you the best mortgage available.
Contact London residential, invest some time talking to us, the better we understand your needs the more we can help you. Once we have a good idea of your needs you should view a selection of properties to understand what your money can buy in your chosen area. We will keep you updated with text and email alerts.
Once you find a suitable property you will make an offer. An offer is more than just money, at this point you will be asked your buying position, proposed time frame and how you propose to fund the purchase. All this information will aid the seller in making a decision. The offer will be made to the vendor both verbally and in writing. There are no legal obligations until either side contracts are signed.
Once the offer has been accepted you will need to instruct your broker to proceed with your application and book a survey as soon as possible. You will also need to instruct your London-based solicitor. If you are in a chain you will be asked to confirm that your property is under offer and who the selling agent is.
As part of the conveyancing process your solicitor will raise enquiries on receipt of the draft contract from the seller’s solicitor, request their own local searches, refer to information provided in the management pack and raise additional queries and agree on a date for exchange of contracts. As your agents we will be the main point of communication with all parties involved and we will advise and assist you where possible.
Once the formal mortgage offer is received, all enquiries have been answered and contracts have been signed you will be in a position to ‘exchange contracts’. At this point you will transfer your deposit (normally 10%) and a completion date is then set by mutual agreement. Completion is when the rest of the money (normally 90%) is transferred from your solicitors account to the seller’s solicitor’s account.
CONGRATULATIONS! At this point you are the legal owner of your new home. We will call you to organise a convenient time for you to pick up your keys!
Contact London residential, invest some time talking to us, the better we understand your needs the more we can help you. Once we have a good idea of your needs you should view a selection of properties to understand what your money can buy in your chosen area. We will keep you updated with text and email alerts.
Once you find a suitable property you will make an offer. An offer is more than just money, at this point you will be asked your buying position, proposed time frame and how you propose to fund the purchase. All this information will aid the seller in making a decision. The offer will be made to the vendor both verbally and in writing. There are no legal obligations until either side contracts are signed.
Once the offer has been accepted you will need to instruct your broker to proceed with your application and book a survey as soon as possible. You will also need to instruct your London-based solicitor. If you are in a chain you will be asked to confirm that your property is under offer and who the selling agent is.
As part of the conveyancing process your solicitor will raise enquiries on receipt of the draft contract from the seller’s solicitor, request their own local searches, refer to information provided in the management pack and raise additional queries and agree on a date for exchange of contracts. As your agents we will be the main point of communication with all parties involved and we will advise and assist you where possible.
Once the formal mortgage offer is received, all enquiries have been answered and contracts have been signed you will be in a position to ‘exchange contracts’. At this point you will transfer your deposit (normally 10%) and a completion date is then set by mutual agreement. Completion is when the rest of the money (normally 90%) is transferred from your solicitors account to the seller’s solicitor’s account.
CONGRATULATIONS! At this point you are the legal owner of your new home. We will call you to organise a convenient time for you to pick up your keys!
