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  • 1

    Establish your moving costs

    Most buyers who have bought a property before will understand that there are additional costs to buying a property. The following costs need to be thought about before you can think ‘Happy New Home’:

    Fee type

    Explanation

    Mortgage arrangement fee

    Some mortgage lender will charge a fee to cover the setting up of the mortgage. Your financial representative will be able to advise you of this.

    Legal fees

    You will need to instruct a solicitor to deal with all legal aspects of purchasing the property. Attwoods have selected panel solicitors which we can highly recommend. Just ask us to provide a quotation for you. Your solicitor will provide you with a breakdown of costs required for the property conveyancing.

    Stamp Duty Land Tax

    This is a government tax, chargeable to the purchaser of any property in the UK. The stamp duty due will depend on the agreed sale price of the house. Further information can be found at:
    www.gov.uk/stamp-duty-land-tax/overview

    Establish your moving costs
  • 2

    Getting your mortgage

    Attwoods can arrange for our approved financial services advisor, Ryan, to make an appointment with you. He will be able to advise you on how much money you will be able to borrow and discuss a ‘Mortgage in Principle’. A Mortgage in Principle is a conditional agreement made by the lender, subject to seeing the correct information provided by you. The "Mortgage in Principle" establishes your lending ability, enabling you to start the search for your new property. To get an initial idea of costs and monthly payments, have a look at this useful mortgage calculator: www.rightmove.co.uk/mortgages/calculators.

    NB – Your home may be repossessed if you do not keep up repayments on your mortgage. There will be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.

    Getting your mortgage
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    Start your property search

    You will need to consider what your requirements are for your next property. Attwoods highly recommend you carry out viewings on various properties, to get an idea of the spaces and feel of the type of house you would like to purchase and live in. Check out our online portals – Rightmove, On The Market as well as Attwoods current properties here. You can also register your details and requirements here.

    Start your property search
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    Finding the ideal property

    It is ideal to look at the property and its details either online or in our office, before viewing any property you may be interested in. you can often tell a large amount of information from the photographs, floorplans and property particulars. When you have booked in a viewing, we will attend with you and show you around the property. We recommend bringing someone with you for a second opinion, or maybe do a drive-by of the house the day before. Information online and on property details will help you make a decision as to whether you would like to proceed further into possibly purchasing the property.

    Ideal Property
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    Making an offer

    Once you have found the perfect property for you, you will need to make an offer to us. We recommend you think about all aspects of the property and once you have made that offer to us, we will present it to the vendors for consideration. The Attwoods sales team have a legal obligation to put all offers to the vendors and advise them accordingly in order for them to make an informed decision.

    Making an offer
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    SOLD! (subject to contract)

    First things first, Congratulations! This is where things get serious, but exciting too! The next step is to revisit your financial advisor in order to go through your mortgage application in full, and to instruct a solicitor to act on your behalf for all the legal aspects of purchasing a property. Attwoods can provide you with a number of quotations from our recommended solicitors, please just ask us.

    SOLD
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    Solicitors – the legal aspects

    Attwoods can provide you with a range of quotations from solicitors in order to act on your behalf for the legal aspects of purchasing a property. They will be able to give you a full and detailed schedule of costs and timescales to the entire conveyancing process.

    Solicitors – the legal aspects
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    Your mortgage application

    If you need a mortgage for the purchase of the property, your mortgage advisor will be able to assist you in the process of making your full mortgage application. They will let you know what information is needed, and will be able to talk with the mortgage lender on your behalf. Once the full mortgage application has been completed and is successful, they will issue a Mortgage Certificate to you.

    Your mortgage application
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    The conveyancing process

    When you solicitor is in receipt of all information they require (including mortgage offer), they will be in a position to propose an exchange/completion date to you. Once this happens, the solicitor will request the mortgage funds from your lender.

    Conveyancing
  • 10

    COMPLETION!

    Congratulations! When the completion has taken place, you will legally own the property. Time to celebrate...

    COMPLETION
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