Anthony Davies recognises the purchase of a property is the most important and expensive transaction you are likely to undergo. With our local knowledge and expertise, we will be able to find you a property to suit your needs, be it for straightforward 'Owner Occupation' or a ‘Buy to Let’ investment.
We have set out below a quick guide to buying property..
The first requirement is for you to register your details and property specifications which can be achieved by phone, in person or by completing our registration form. This will give us an insight into your personal requirements, thereby enabling us to modify the details sent to you. Once registered, you are then in a position to receive details from us directly in person, via mail or email or download and print these from our website.
Our friendly team are available to arrange those all important viewings of your selected properties, please contact us to arrange a mutually convenient time. Click to view our available properties.
In order to speed up your house buying process, it is advisable wherever possible; to get a mortgage agreed in principle before any final decision on your new property is made. This has the advantage of providing you with a clear indication of what is affordable and the fact that you have a mortgage agreed in principle is also attractive to sellers. We can provide independent assistance for mortgage services, please contact us for more information.
Accepted Offer/Instructing Solicitors
As soon as you have an offer which has been accepted by a vendor, you should instruct a solicitor to act on your behalf. Your solicitor will handle all legal requirements of your purchase (property conveyancing). Please contact us for recommended local solicitors.
The next step is to obtain the Mortgage Valuation, as required by law. This will be conducted by a Chartered Surveyor acting for your Lender. However, we would not recommend that a buyer relies solely on the Mortgage Valuation survey as the inspection is limited and although it may cost a little more to obtain a more detailed report yourself, this could in the long run save you from making a costly mistake.
These are conducted by the buyer’s solicitor who submits a local authority search to the local borough council. Its purpose is to ascertain if there is any planning consented previously granted on the property or if there are any other local issues which may have an impact on the purchase. In some instances, the search may also include an Environmental and Drainage search.
The Lender is now in possession of the Mortgage Valuation survey and, subject to the findings of this report; receipt/approval of the mortgage application and provided all references and checks have been conducted satisfactorily, the Lender will send a formal mortgage offer to the buyer and their solicitor. The document is then signed and returned and funds requested by the buyer’s solicitor.
Exchange of Contracts
Once the contract has been signed by both parties, a deposit (normally a small percentage of the purchase price) is paid by either bank transfer or banker’s draft. At this stage, the parties agree on a date for completion.
Completion usually follows a few days or weeks after exchange of contracts. The balance of the purchase price is transferred by the buyer’s solicitor to the seller’s solicitor and the keys released.
Congratulations, you are now the owner of your new home!