STEP-BY-STEP GUIDE TO BUYING A PROPERTY

The average time from having an offer accepted in the UK to actual completion is approximately 12 weeks, so we wanted to break down the process in a way that’s easy to understand and ensures it happens as smoothly and as quickly as possible for you.

1. You will need a proactive solicitor .

2. Your legal expert will go through the contract that spells out all the nitty-gritty details.

3. Your solicitor will make sure all the contract terms are crystal clear and work with your mortgage lender to sort out the financing side.

4. You and the seller will both sign the contract, and the solicitors will exchange them. Boom! You’re officially committed.

5. Your solicitor will prepare all the final bits and bobs, like the transfer deed, mortgage deed etc.

6. Your solicitor will ask you for the funds required to complete the purchase - think purchase price, fees, and taxes, so make sure your broker is ready to request funds and that you have your money ready!

7. On the agreed completion day, your solicitor will transfer the funds to the seller’s solicitor.

8. Your solicitor will register the transfer of ownership with the Land Registry. That’s when it becomes official - you’re the proud new owner! At Northwood, we help you through the whole house buying and selling process from start to finish, including working with a select number of trusted proactive solicitors that will provide you with a full no-obligation detailed quote of the fees involved, so please feel free to get in touch with them, see below, today to find out more.