The Buying Journey
We highlight the key stages of the buying process, from registration to completion.
Registering with Mortimers
Whether you contact us directly, by phone or email, our sales team will need as much information as possible about yourself and anyone looking to purchase with you, and the type of property you require.
The more detailed information we have, the more opportunity we have of finding you the perfect property to suit your requirements.
Our friendly and approachable team have excellent local knowledge – so even if you are from out of the area, we can help point you in the right direction with regards to local schools, transport and amenities.
‘No one’s more at home with Aylesbury Sales and Lettings’
Before you begin your search, it is important that you are clear on your budget. Check with your financial advisor to find out how much you can afford to borrow, taking into consideration that you will be required to pay a deposit for your new home. The mortgage market is ever-changing so you must get up-to-date advice. If you are selling a property you will need to consider the likely sale price of your current home. If your home is local, we would be very happy to arrange a complimentary market appraisal for you.
In addition to the mortgage and deposit, you will also need to consider the costs involved with moving such as stamp duty, legal fees and removal costs.
Searching for your perfect property
Decide on what type of property you are looking for to suit your needs. Make a list of your requirements or the most important factors when buying your new home to suit your ‘likes’ and ‘dislikes’. It is well known that in most cases, the property you set out to buy is not the one you end up purchasing – there will always be compromises. However, we understand that there will be ‘must haves’ that cannot be compromised on; for some it might be the number of bedrooms, receptions, the location, parking or whether there is a downstairs cloakroom. But there will be other features that you can forgo if everything else about the property is ‘just right’.
Once we have a clear picture of your requirements we will then recommend properties that match your criteria. If there is nothing immediately suitable, we will keep your details registered on our database and then continue to look out and alert you as soon as a suitable property becomes available.
We always urge you view as soon as possible as the most desirable properties always move quickly.
When you see a property you like the look of, contact us to arrange a viewing.
Wherever possible we will hold keys so are able to organise viewings at times convenient to you. However, in some cases a time will need to be agreed with the current owners or occupiers. If you can, be flexible and have a few different times in mind.
The weekends are always busy times for property viewings so make sure you arrange a viewing in advance and always arrive promptly.
Making an Offer
When you have viewed the property that is most suitable for you, do not delay in letting us know of your interest. A popular property will receive a great deal of interest, and if you delay making an offer, you may lose out.
We will ask that you put your offer in writing, confirming your position and financial details. If required, we will put you in touch with a financial advisor. This will help us validate your position so we can speak to the vendor about your offer with confidence and certainty.
All offers are put in writing to the vendor. Offers are ‘Subject to Contract’. Until such time as exchange takes place there is no legal obligation to proceed on either side.
As and when your offer is accepted, we will write to all parties involved within the purchase, to begin the legal work.
You will need to begin your mortgage application if you have not done so already and plan for a survey to be carried out.
A solicitor or conveyancer will need to handle the legal paperwork and liaise with the vendor’s solicitor. We have access to a panel of local solicitors and conveyancers who we can recommend. Please also bear in mind that if you are raising a mortgage to purchase, the mortgage company will require you to instruct a recognised solicitor/conveyancer, so before you go any further check your legal representative is able to work with the lender.
Survey & Valuation
Your mortgage lender will require for a survey to be carried out to identify any issues that may affect the property that may affect the lenders position in providing you a mortgage. They will also provide the lender with their opinion of the value. This is a valuation survey carried out on the lenders behalf to ensure the money they are lending you is protected. If you require a more detailed report such as a home buyers report, this will need to be instructed at this time.
Your solicitor/conveyancer will carry out searches with the local authority to check the properties status and title. If the property is leasehold, they will contact the managing agents for service charge and ground rent account. They will also check there are no outstanding costs or any planned works you are not aware of.
Once they are satisfied with the results of their enquiries, the seller’s solicitor and your solicitor/conveyancer will draw up and agree the legal draft contract. You will be sent a report explaining the details of the contract and any ongoing obligations that you are entering. If you are satisfied you will be asked to sign the contract and pay the agreed deposit.
Formal Mortgage Offer
The mortgage offer will be sent to your solicitor for you to sign. Once signed and returned, the mortgage is in place and you are ready to exchange contracts.
Exchange of Contracts
The contract is signed by both the buyer and the seller and the deposit is paid. The transaction is now legally binding and the completion date, agreeing when your move in, is set.
Following exchange of contracts your solicitor/conveyancer will carry out final checks ready for completion. On completion day the balance of money paid over. Once the seller’s solicitor confirms the money is in their account the keys can be handed over and you are now the legal owner of your new home!
Please note: If required and with your permission, we may refer you to Evolve Law (MK) Ltd. If you sign up to a mortgage through them we will receive a referral fee of £180 (inc. VAT). It is entirely your decision whether to deal with Evolve Law (MK) Ltd, you are under no obligation whatsoever to use our recommendation.