Buying my home
WHAT IS THE PROCESS FOR BUYING MY HOME?
The purpose of this document is to give you some idea of what happens in the process of buying your home.
There are four main steps:
1) FIRST STEPS
- We need from you all the relevant information about you and the home you want to buy.
- We will obtain a draft Contract for Sale from the Seller’s solicitor.
- We will do a Local Search at the District Council to find out about anything that may affect your decision to buy e.g. planning applications. The Council can take anything up to four weeks to deal with this.
- We will ask questions of the Seller’s Solicitor about boundaries, fixtures and fittings, disputes, guarantees etc to make sure that you know what you are buying.
- We will investigate and satisfy ourselves that the legal ownership of the property you are buying is in order.
- We will receive a copy of your mortgage offer from your Bank/Building Society.
- We will ask you to come in to check and sign the legal documents or if you have already provided your identification to one of our offices then we can post all the documents to you for signature.
- If two or more people are buying together, we will advise you as to the different methods of ownership i.e Joint Tenants or Tenants in Common (see our separate help guide)
Things you can arrange at this stage:
- You should have your deposit available before exchange of Contracts (if this is going to be less than 10% of the purchase price you should inform us as soon as possible).
- You are recommended to put in place buildings insurance for your new home to start on exchange of Contracts
When all of the above matters are completed and if the Seller is ready, we will be in a position to exchange Contracts. This will legally bind both you and your Seller to complete the transaction.
At exchange we will need your deposit
3) AFTER EXCHANGE OF CONTRACTS AND BEFORE COMPLETION (MOVING DAY)
Once exchange of contracts has taken place the date for completion is legally fixed – completion day is your moving day. Therefore, after exchange you can:-
- Make arrangements with your Removal Firm
- Make a diary note to read the gas and electricity meters at your new home on completion day
- You can start to deal with preparing all the letters you will need to notify utility companies, the local authority, friends and family about your change of address.
- Approve the final legal documents for the transfer of ownership
- Reply to any final queries and finalise any searches
- Obtain final figures from your mortgage company/loan provider and receive the money to buy your home
4) COMPLETION (MOVING) DAY
A key and access to your new property should usually be available for you between 1pm and 3.30pm on the day of completion.
WHY CHOOSE FORSTER DEAN TO BUY YOUR HOME
- We do not charge you for any of our time spent if you do not proceed
- You will have a dedicated case handler
- We provide you with multiple means of communication to ensure that you are able to make contact with us 24/7.
- You will receive a free login code and password to check the progress of your case
- We do not pay a referral fee to any third party for your case – you choose us to be your solicitor because you want to.
- As the largest High Street Law Firm in the UK, we have 29 offices throughout the North West and you may call into any one of them to ask our friendly approachable staff about your case.
- We do not outsource work, and we are NOT a call centre
- We are accredited under the Law Society’s Conveyancing Quality Scheme – a status only available to firms who meet with the strict procedural checks and balances imposed by the scheme.
We care about our clients and pride ourselves on the excellent service we offer.