Whether you are a first time buyer or experienced, our iSold guide will take you through the process.
What you can afford will depend on a number of factors, including what your current property is worth if you have one, any savings you have and how much you can borrow through a mortgage. Contact iSold Financial Services for a quote. We work with a wide range of mortgage providers and can find you the best mortgage deal based on your monthly disposable income. Obtain a mortgage agreement in principle. We can also arrange life assurance and other insurances.
Now you know what you can afford, you can begin your search for homes for sale online through iSold. If we don't have what you're looking for, let us know and we can flag up when we receive any new properties that meet your requirements. Check out Buying with iSold to discover the benefits of registering with us.
You will also need a conveyancing solicitor — and iSold can recommend one if you don't already have one — to undertake the legal formalities, carry out local authority searches and handle the offer you make to the sellers.
Once you've made an offer, if your require a mortgage your lender will wish to arrange a survey to confirm the property's condition and value. They will have their own chosen RICS-qualified surveyors. There are different types of survey, from a simple Valuation Report indicating how much the property is worth, which often suffices, to a more detailed Homebuyer's Report or Full Structural Survey.
You're nearly there! As long as there were no problems with the survey, the solicitors from both sides will draw up formal contracts for you and the seller to sign. These contracts are legally binding so make sure that you are totally prepared to go ahead. On the day agreed by both parties, the mortgage funds will be released to your solicitor who in turn transfers them to the seller's solicitor. Remember to have your buildings' insurance in place because as soon as the funds are transferred, the property is yours.
Now all you have to do is move in and enjoy your new home!
Please note, this is a handy guide and does not constitute legal advice