1. Research
Prior to starting your property search, it is important to know what features you should be looking for. You will find your search criteria may vary depending on whether you are buying for residential or buy-to-let. For example, close to public transport and local amenities is always popular for buy-to-let property in Canary Wharf.

2. Finances
While some buyers pay in cash, a large percentage require a mortgage. Contacting a mortgage lender will help you work out how much you can borrow and what your monthly repayments are likely to be.
Securing a Mortgage Agreement in Principle from your chosen lender will demonstrate to most sellers that you are serious about making the purchase.

3. Make an offer
Once you find a property you like, you will need to let your agent know as soon as possible what price you are offering so they can forward the details onto the seller for consideration.

4. Sale agreed
Once your offer has been accepted by the seller, you will need to instruct a solicitor to start the sales progression process.
If you haven’t already – now is the time to make a formal mortgage application so you can guarantee the lender is willing to give you the money for your chosen property.

5. Mortgage and Surveying
Your mortgage lender will want to check they are not giving you more money than the property is worth. You can choose to instruct a homebuyer or building survey to be carried out. Once the survey has been completed your lender will send the mortgage offer to your solicitor.

6. Exchange contracts
After signing your mortgage documents and sending the deposit to the seller's solicitor, contracts can be exchanged. This makes the terms of the sale legally binding.

7. Completion
Near to the day of completion your solicitor will pay the rest of the money outstanding on the property to the seller’s solicitor. The transfer document and title deeds are now yours and you can pick up the keys to your new property from your agent.

If you would like to discuss the buying process in more detail please contact our sales team on 0207 042 0033.



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