First Time Buyers
Find out how much you can borrow
Get in touch for an initial consultation and we can discuss your current circumstances. Once we’ve done this, we’ll tell you how much you can borrow and provide a decision in principle certificate. Because we’re a whole of market brokers, we can be confident you have an accurate figure.
Start searching for a property
Now you have a budget, it’s time to start looking for your home. Estate agents and property portals allow you to register for daily updates of new properties that match your criteria, so you dont miss out.
Make an offer
Once you’ve viewed the right home for you it’s time to make an offer. At this point, you’ll be asked to provide evidence of your ability to buy the home and you will provide your decision in principle certificate from step 1. You never have to use the estate agents/ builders’ mortgage advisors, no matter what
you’re told.
Find a solicitor
We can introduce you to a solicitor or you can use your trusted local firm, either way, once the offer is accepted it’s time to choose and instruct a solicitor.
Complete your mortgage application
Now is the time to get back in touch with us, we will present a recommendation based on a previous fact-find meeting. If you are happy to proceed the mortgage application will now be submitted in full
Mortgage valuation
The mortgage lender will arrange this valuation, which merely confirms to them that the property is worth what you are paying for it and meets their criteria. It will not give details on the condition of the property, if you want a detailed survey you will need to book a separate buildings survey.
Mortgage Offer
Shortly after the mortgage lender’s valuation comes back as satisfactory, you’ll receive your mortgage offer, which is sent straight to you, your solicitor and your broker.
Exchange of contracts & completion
You will agree on a date for the exchange of contracts and for completion (i.e. move-in day). It’s a good time to start sorting out your internet, moving vans, etc. See our moving checklist for a handy guide. Your deposit will be sent to the seller’s solicitor, along with the signed contract. You are now legally bound to the purchase. All relevant insurance contracts should now be put into force such as building and life cover.
Moving day
Time to move, on the day of the move you will be picking up the keys from the estate agent. This can be any time until 5 pm as the solicitors need to authorise the estate agents to release the keys.
Conveyancing process
This may have already begun but most firms wait until they have the mortgage offer. This process will confirm everything is legally sound and check there’s nothing that will cause you detriment once you have bought the property.