Next step up the property ladder

The legal process of transferring ownership of property from the seller to the buyer is known as “Conveyancing”.  That’s where we come in!

Once you have an agreement in principle to buy that new home you may be asked to provide evidence to the Estate Agent to show how much you can afford to borrow.  Can you do this?  Yes!!  The Mortgage provider should be able to provide this to you at an early stage and getting a mortgage agreed in principle before you have found the ideal house to buy saves time and may put you ahead of others!  The agreement in principle is based on your income, employment status and the sort of property you are looking for. 

Once you find that ideal house you need to make an offer to the owners, normally via the estate agent, and cross your fingers that your offer will be accepted.

Don’t be afraid to negotiate.  If you are a first time buyer or indeed if you already have a buyer for your existing property you may be very appealing to the seller.  A first time buyer is always attractive to sellers because you’re not part of a “chain” of buyers and sellers all dependent on each other’s sales going through.