Buyers Guide to Buying a Property

Step 1

  • Speak with our expert Mortgage Adviser who will advise on how much you can borrow and to work through all the costs.
  • On your instruction our adviser will research an unlimited range across the market to help find the most suitable mortgage for you.
  • Have a mortgage ‘Agreed In Principle’ (AIP) to secure your mortgage and to help speed up the whole process.

Step 2

  • Find a property!
  • Register with local estate agents, look for property on the internet and check the Property Pages in the local press.

Step 3

  • When you have found your ideal property, make a formal offer - ‘subject to contract’.
  • Our adviser can help to negotiate on your behalf.

Step 4

  • When your offer is accepted, it’s time to complete the necessary mortgage documentation. Our Mortgage Adviser will complete and submit all these forms on your behalf.
  • You should now instruct a Solicitor. If you do not have your own solicitor, we can arrange this for you from our list of recommended professionals.

Step 5

  • Once your application is approved, your mortgage lender will arrange for a surveyor to carry out a “valuation report” on the property, and request any references or further information.
  • We will liaise with your lender on a frequent basis to ensure that your application proceeds as smoothly as possible.

Step 6

  • Once the valuation report and all other information have been received, and are satisfactory, your lender will issue a formal mortgage offer.
  • Your solicitor now does the searches, checks ownership of the property, and draws up the contract.
  • If you have asked us to instruct a solicitor on your behalf, we will liaise with them regularly and keep you informed of progress.

Step 7

  • Exchange contracts and pay your deposit.
  • You are legally committed to buying the property when you have signed the contract.
  • Ensure any insurance and protection policies that you have chosen to put in place, are started at this point.

Step 8

  • Completion date. Collect your keys – it’s time to move in!

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBTS SECURED ON IT.

RJW Associates act as credit brokers and will liaise with lenders on your behalf.