Step 1: Arrange Finance
Making the decision to buy a home is a big step. Before you get too excited, work out exactly how much you can afford and what you need. An independent financial advisor is a good start. Once your financial position is established, you can get a mortgage in principle. This sends a message to sellers that you’re a serious buyer, with a solid financial foundation.
We work with a highly skilled independent mortgage broker Capricorn Financial. We’d be happy to put you in touch.
Step 2: Register for Property Alerts
Once we know what you’re looking for, we can keep you updated as suitable properties come to market. Register with our property alert service and we can update you via email and SMS alerts on properties soon to become available that meet your requirements.
As well as on our own website, we upload our properties on the leading portals, including Rightmove, OntheMarket, PrimeLocation and Zoopla, to make searching easy.
Step 3: Start Viewing
The buying market is competitive, but we’ll do all we can to make sure you see a property as quickly as possible. We’re happy to be on hand during viewings so we can answer any questions you may have about the property or buying process.
Step 4: Make an Offer
Once you’ve found your dream home, it’s time to make an offer. We’ll help you with that, putting forward your offer both verbally and in writing, along with any special conditions. There are no legal obligations on either side until contracts are exchanged.
Step 5: Offer Agreed
When your offer is accepted, we’ll prepare a memorandum of sale and confirm the details, including information about your solicitor and mortgage. If you don’t already have a solicitor, we can recommend one – you’ll need them to oversee the sale.
Step 6: Conveyancing
The legalities start now, with your solicitor making sure you legally own the property and overseeing the transfer of funds. Your solicitor will also be a key mediator, working with your property agent. They will check over the draft contract from the seller’s solicitor, request local searches and advise on the remaining steps in the buying process.
Step 7: Survey and Mortgage Offer
If you are taking out a mortgage, you’ll need to instruct a survey, and even if you’re a cash buyer, a survey is worthwhile. A surveyor visits your prospective property to evaluate the building condition and price. Their report goes to you, the mortgage lender and the seller. That’s when the mortgage lender will formally offer you a mortgage. You’ll need to sign and return it, ready for the most important part – the exchange of contracts.
Step 8: Contract Exchange
It’s time to sign on both sides, and after this is done, the deposit is due. Once you’ve paid, you can set a completion date with the seller and start packing.
Step 9: Completion
Completion is the final step. Your mortgage lender will transfer the balance of the property purchase to the seller, and once the funds have cleared in the sellers account, we’ll give you the keys so you can move in.
10 Reasons to Use Olivers Town
An Independent Agent Focusing on You
An Excellent Reputation based on 30+ years in the Business
Specialising in Kentish Town, Camden and North London
Run by Local Experts who Live and Work in the Area
Tailored Service to match Your Needs
Trusted Agent by Owners, Buyers and Tenants alike
Fast Turnaround for both Sales and Lettings
Approachable and Friendly
High Standard of Service
Five Star Reviews