THE BUYING PROCESS
Register your details
The Milton Keynes property market can be extremely competitive and fast-moving. We suggest our clients register their details with us making it clear exactly their needs and requirements so we can help them find a property.
Once registered we will try our best to send you our new properties as soon as they go live.
What can you afford?
We advise our clients before they start viewing properties to arrange their finances. Our Mortgage Consultant Adam Mcgrath has access to the entire market and exclusive deals and rates which he can tailor to your needs.
Stamp Duty Calculator
Do you need to sell?
If you need to sell your current property, we advise you book a valuation and start looking to get your property ready to market. The Milton Keynes property market moves very fast which means you could miss out on your dream home if you’re not ready. We provide free valuations and would be more than happy to help if you fall into our area.
Book your viewing online or by calling our office.
We will accompany you to the viewings ensuring we are on hand to answer any questions immediately and advise where necessary.
Making an offer
As soon as you find the perfect property you can make an offer.
We will explain exactly what we require if your offer is accepted and will also ask if there any special conditions of your offer which will be communicated to the owner.
At this point you may need to demonstrate that you can proceed by providing evidence of your mortgage in principle and solicitor details.
There are no legal obligations on either side until contracts are signed.
Once your offer is accepted we will
- Prepare a memorandum of sale
- Confirm the agreed price with all parties
- Confirm your solicitor and mortgage details
We will then need confirmation you’ve instructed your solicitor to proceed with the conveyancing process and you’ve instructed your mortgage broker (if required) to proceed with your application.
Once the conveyancing process starts your solicitor will do the following:
- Request the draft contracts from the seller’s solicitor
- Once draft contract received they will request their own local searches
- Raising any necessary enquires
- Send documents out to sign and witness
- Agree on a date for exchange of contracts
We will assist you throughout this process helping you chase any issue up and guide you to exchange of contracts.
Survey & Mortgage offer
A survey of the property will be booked by a surveyor on behalf of the mortgage lender to check the property value and on some occasions the structure of the property depending on the type of survey you choose.
After the mortgage valuation report is received, a formal mortgage offer will be sent to you and your solicitor which you will need to sign.
Exchange of Contracts
When your solicitor is happy with all the answers to enquiries and contracts have been signed by both parties, you would transfer your deposit (usually 10% of the purchase price) to your solicitor. This needs to be an instant transfer as your solicitor will require cleared funds to proceed.
They will then ask the mortgage lender to confirm they will release funds on the agreed completion date (which is by mutual agreement) and once confirmation is received they will release to the sellers’ solicitor asking for exchange.
It’s moving day!
Completion is when the monies (usually 90%) are transferred from your solicitor to the seller’s solicitor’s account.
Once we receive confirmation from the sellers solicitor we can release the keys to you.