Buying Guide

Step 1 Organising your mortgage

Before you begin your property search, it is advisable to arrange your finances and if required have a mortgage agreed in principle. This will confirm how much money you will have to fund for the purchase, which will ultimately influence your property search. We have our recommended mortgage broker who has exclusive deals and rates to help find you the best mortgage available.

Step 2 Register your interest

The first step to finding the right property is to register with us either by calling us on 0800 652 2445 or visiting our office where you can discuss your property requirements with one of our local agents. You can also register your interest about a specific property online if you are short of time or emailing us on info@mfs-group.com. With a constant flow of properties to choose from you can rest assured we have just what you're looking for.

Step 3 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 and SMS alerts when the latest properties become available. Search Link…..

Step 4 The Key to successful viewings

We're open at times to suit you, convenient for viewings after work and at weekends: Our offices are open 9:30am - 6.30pm Monday to Friday and 10am-2pm Saturdays. In order to secure a property we recommend an early viewing. We can drive you to your viewings and accompany you throughout so that we are on hand to answer any questions immediately and advise where necessary.

Step 5 Out and about

Why don’t you visit some properties? You are unlikely to find the home you want straight away, so don’t despair and don’t be tempted into edging over your budget if you don’t like the first place you look at. This is probably going to be your biggest financial decision, so it is worth waiting until you find the right place. Don’t be shy about asking questions when you are looking around a property. The estate agent will be able to provide you with basic details about the property, and to pass on any other queries to the people who are selling. Again, we can drive you to your viewings and accompany you throughout.

Step 6 Conveyancing

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 have a selection of tried and tested solicitors that are experts in property who we would be happy to recommend. 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

Step 7 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 8 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 9 Survey and mortgage offer

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 10 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 11 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!

 

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