Buying a property is probably the biggest purchase anyone is likely to make in life. Whether you are a first time buyer, upsizing, downsizing or investing in property Polecat Properties will be there to guide you through the process. Helping the purchase go smoothly, all the time working to your timescales as closely as possible.
In order to give you a great service, when you buy through us we will spend time with and gather all your relevant purchase information. For example whether you are also selling, if you require a mortgage and have this in place, any timescales you have, prior commitments, school term dates to consider etc.
You can be confident that Polecat Properties will keep you updated throughout the purchase of your new property.
The Purchase Process
Do you require mortgage finance?
If you will need a mortgage to purchase your property it’s a good idea to have a decision in principle before you start looking for your property. This means you will know your budget and price range.
For mortgage finance you could talk to who you bank with, ask colleagues and friends for recommendations, carry out an online search of Financial Advisers amongst other things.
If you are selling a property you might speak to your existing lender regarding continuing to borrow from them. Or look for new arrangements and mortgage products from any of the sources above.
Don’t forget to budget for mortgage related costs. For more information on the all the costs you will need to consider please see our Useful Information Section.
Make a list of your property needs and requirements.
This can be a useful exercise and some points such as number of bedrooms, location maybe rigid and a must. Other points a more flexible, but making a list of needs and musts will help you see this.
Finding your property and making an offer
Once you have found your property, make an offer through the estate agent, who will then conduct any negotiations between you and the seller.
Your lender will require a survey to check that the property is worth the amount they have agreed to lend, and that there are no defects or problems with the property.
There are different levels of surveys and for further advice on this you should discuss the options with the surveyor.
If you haven’t already done so, now will be the time to arrange for a Conveyancer or Solicitor to carry out the legal aspects of your purchase. They will carry out searches, liaise with your lender, liaise with your sellers legal representative, and send you all the paperwork for signing and a report with their investigations into the property and what the search results mean.
Exchange and Completion
All desired completion timescales can be discussed with your Conveyancer and estate agent, who will ensure all parties are aware and working towards agreed timescales.
Invariably there will be hold-ups and delays in property chains. While these cannot be avoided, at Polecat Properties we do our best to minimise these.
Please click here for further information on the Purchase Process.