The buying process
As buying property can be a daunting process, we have designed this guide to help you through the stages of buying your new home.
1. Register – register your interest in buying a property by calling into see us to discuss your requirements, phone us on 01706 863 490, or register on-line at www.cowell-norford.co.uk
2. Begin the Search – we’ll send you details of all properties that match your needs. Remember we’re here to offer advice on any aspect of the properties.
3. Finance – It’s important at this stage to make sure your finances are in place, including the amount of your mortgage, which you can have agreed in principal. Cowell-Norford Financial Services can search the whole of the Mortgage market to find the best mortgage for you, call 01706 863 473, or register on-line at www.cowell-norford.co.uk to arrange a consultation.
4. View – We can arrange viewings at times to suit you, especially at evenings and weekends. Call 01706 863 490 to arrange a viewing.
5. Make an Offer – Once you’ve found your ideal property, we will put forward your offer to the seller. We know that prompt communication between all parties is vital at this stage.
6. Instruct a Solicitor – you need a specialist solicitor to deal with the legal side of buying a property. Cowell-Norford would be pleased to recommend some expert local solicitors for you.
7. Sale Agreed – On acceptance of your offer several steps need to take place. Firstly your solicitor should be instructed to proceed with the purchase of your property, at this stage they will arrange for local searches to be carried out on the property.
Your mortgage application needs to be made in full, which includes the mortgage company instructing a survey on the property. On receipt of an acceptable survey and application, the mortgage company will produce a mortgage offer.
8. Exchange of Contracts – Once the results of the local searches are received, your solicitor will draw up a contract for you to sign and also to be signed by the seller of the property. Once these contracts have been “exchanged” you are now legally committed to the purchase of the property.
9. Completion – This normally takes place a few days or weeks after Exchange of Contracts and is the date when you are legally the owner of the property. You can move into and enjoy your new home.
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