A Guide to Buying 1. Arrange your finances At the start of your property search it is essential that you arrange your finances and, if required, have a mortgage agreed in principle. This will guide the entire property search and will influence how much you can afford. Letting us know as much as possible about your needs and what you are looking for will also help us to find the most appropriate property to suit your needs. We are able to offer mortgage assistance via our recommended mortgage broker with access to the entire market, as well as exclusive deals and rates to help find you the best mortgage available. Simply contact any Boydens branch for further information. 2. Register with us Registering with your nearest Boydens branch will help us to keep you informed about local property market conditions and property available (or soon to be available) to you. Register either by visiting or calling one of our branches to discuss your property requirements with one of our local experts or registering online at boydens.co.uk 3. Knowing us, Knowing you Once we have a clear understanding of your requirements you will receive a selection of properties that match your criteria. We’ll then keep you updated when the latest properties become available (and sometimes we’ll tip you off about properties yet to come to market which could suit you perfectly). 4. Make an offer Once you have identified a suitable property we will put your offer forward to the seller. At this stage you may be asked to demonstrate that you are able to proceed (for example you may need to provide evidence of your mortgage agreed in principle). Once your offer is accepted we will prepare a memorandum of sale, write to all parties to confirm the agreed price and ask you to confirm your solicitor’s and mortgage broker’s details. 5. Instruct your solicitor Appointing an experienced solicitor is key to making the purchase and sale of a property as smooth as possible. The successful purchase of a property can be reliant on the instruction of an efficient and experienced solicitor. It is sensible to use a solicitor who knows the area that you’re moving to and specialises in conveyancing. We respect your right to choose whichever solicitor suits you best, however, we have a selection of tried and tested solicitors that are experts in property who we would be happy to recommend if you require this. Your chosen solicitor will start the conveyancing process whereby they request local searches, raise any queries and agree a date for exchange of contracts. 6. Survey and mortgage offer A survey of the property will be booked on behalf of the mortgage lender to identify any structural problems and ascertain the property’s value. 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 before it is returned. 7. Exchanging contracts Exchange of contracts occurs when all enquiries have been confirmed and resolved. Once the contract has been signed by both parties the deposit (usually 10% of the purchase price) will be sent from your solicitor. At this stage the completion date is then set by mutual agreement. 8. Completion Completion is when the remaining monies (usually 90%) are transferred from your solicitor to the seller’s solicitor’s account. The keys to the property are then released once the money has cleared in the seller’s account. 1 2
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