On average it takes about 6 months to buy a house to living in it. The process of buying a house has many stages and in order to keep a list of everything, we have put together a checklist to help keep everything in order.
How do I prepare to buy a house?
Whether you are a first-time buyer or have a portfolio of properties, at Spratt Endicott we want to ensure the conveyancing process for purchasing your property is as smooth and stress-free as possible. Knowing what to do and when, to help things progress as they should with your residential property purchase, can help give peace of mind. View our buying a house checklist.
Here is a checklist to help you understand the key stages of the buying process:
When you find a property:
Check the contract and the title deeds of the property
Sort out any problems that are revealed by such checks
Make all relevant conveyancing searches
Make sure all relevant documents are signed and held by us
Your mortgage lender will:
Carry out a valuation of the property
Send the mortgage offer to you and instructions to us
You will need to:
Have the property surveyed (to be sure it is structurally sound)
Arrange provisional building insurance (it will need to be effected at exchange of contracts)
Raise any concerns you have about the property (or neighbouring properties) with us
Make provisional removal arrangements
When contracts are exchanged:
Fix the completion date
Send the deposit to the seller’s solicitor
Request the mortgage funds from your lender
Conduct the final searches
Provide you with a completion statement (financial summary) of the transaction
You will need to:
Confirm your building insurance
Confirm your removal arrangements (now that you have a definite moving date)
Arrange for meter readings to be taken on the day you move in
Notify your change of address to all relevant parties, including banks, building societies, credit card companies, insurance companies, DVLA, doctors, dentists, Post Office and Council Tax Office etc.
Send the purchase money to the seller’s solicitor and collect the deeds and documents of your new property in return
Pay any Stamp Duty Land Tax payable on the purchase price
Register your ownership with the Land Registry
Send you a copy of the title deeds confirming your ownership of the property
You will be able to collect the keys from the estate agent (at an agreed time) and move into your new home.
Download Our Buying A Property Checklist
Download a PDF version of our handy checklists to the buying and selling process of conveyancing.
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