Buyers guide

Exactly what is involved in buying a property?

Below are the 10 steps involved in buying a property.

Step 1. Register your interest

The first step to finding the right property is to register with us either by calling us on 01392 340936 or registering online at www.hellierridley.co.uk

Step 2. Finding the right property

Once we have a clear understanding of your requirements you will receive a selection of properties that match your criteria. We can also keep you constantly up-to-date via email when the latest properties become available.

Step 3. The key to successful viewings

We're open at times to suit you, convenient for viewing after work and at weekends.

Our phonelines are operational between 9am – 7pm weekdays and 9am – 1pm Saturdays, if you see a property that you like please give us a call and we will book in a viewing to suit you.

Step 4. Instructing a solicitor

The successful purchase of a property can be reliant on the instruction of an efficient and experienced solicitor. It is a good idea to use a solicitor who knows the area that you're moving to and specialises in conveyancing.

We are happy to recommend a good local solicitor if you aren’t sure who to use.

Step 5. Making an offer

Once you have identified a suitable property we will put your offer forward to the seller both verbally and in writing stating any special conditions of the offer. You may need to demonstrate, if requested, that you are able to proceed (e.g. provide evidence of your mortgage agreed in principle).

There are no legal obligations on either side until contracts are signed.

Step 6. Offer agreed

Once your offer is accepted we will do the following:

  • Prepare a memorandum of sale
  • Write to all parties to confirm the agreed price
  • Ask you to confirm your solicitor's and mortgage broker's details
  • You will now need to instruct your solicitor to proceed with the conveyancing process and your mortgage broker to proceed with your application.

Step 7. Conveyancing

  • As part of the conveyancing process your solicitor will do the following:
  • Raise any enquiries on receipt of the draft contract from the seller's solicitor
  • Request their own local searches
  • Refer to the information already provided in the seller's Home Information Pack
  • Agree on a date for exchange of contracts
  • We will assist your solicitor and negotiate throughout the process, keeping you informed every step of the way.

Step 8. Survey and mortgage offer

If you are having a mortgage, a survey of the property will be booked by a surveyor on behalf of the mortgage lender to identify any structural problems and advise on 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.

There are no legal obligations until contracts are signed.

Step 9. Exchange of contracts

Exchange of contracts occurs when all enquiries have been confirmed and agreed.

Once the contract has been signed by both parties the deposit (usually 10% of the purchase price) will be telegraphically transferred or paid in the form of a banker's draft from your solicitor to the seller's solicitor.

The completion date is then set by mutual agreement.

Step 10. Completion

Completion is when the residual monies (usually 90%) are transferred from your solicitor to the seller's solicitor's account.

We will release the keys once the money has cleared in the seller's account.

Congratulations, you are now the legal owner of your new home!