Thanks! Buying Your First Home

Buying Your First Home

Buying your first home can be stressful, that is why at Neill Estate Agents we take the stress away from you buying your first home. 

 

Our experienced staff members will be able to guide you through the process from viewing the property until the contract has been signed. 

 

Step 1: Seek Financial Advice

Before you start to look at properties, we would recommend that you meet with a financial advisor. Neill Estate Agents can put you in touch with mortgage IQ who will be able to advise you on the different options available. 

 

Step 2: Look for Properties

Decide on the ideal location and property types within your price range. Contact Neill Estate Agents who will be able to recommend properties currently available. You could also visit: 

neillestateagents.co.uk

propertypal.com

propertynews.com 

 

Step 3: Arrange a viewing

Once you have decided on homes you would like to view contact Neill Estate Agents to arrange a viewing appointment. Our offices are open Monday-Saturday and one of our experienced agents will be on hand to show you around and answer any questions. 

 

Step 4: Make an offer

Now that you have saw a property that you like you are ready to make an offer. At this point you may need to provide evidence of your financial arrangements. Once your offer has been accepted, there are no legal obligations until contracts have been signed.

 

Step 5: Appoint a solicitor

You now need to find a solicitor who can complete the process efficiently. We can provide you with solicitors in the area or alternatively you may prefer to find one yourself. Our staff will then liaise with you and your solicitor throughout the process and keep you up to date with the progress.

 

Step 6: Apply for your mortgage

Now it is time to contact your financial advisor to submit your mortgage application. During this process a surveyor will be appointed on behalf of the lender to inspect the property and complete a report. A formal mortgage offer will be issued upon a satisfactory outcome.

 

Step 7: Exchange of Contracts

Once the legal enquires have been completed, make arrangements with your solicitor to sign the contracts and pay the deposit. The agreements to purchase becomes binding when both parties have signed, accepted and a completion date is then set by mutual agreement.

 

Completion: 

Completion happens when the remaining balance is transferred from your solicitor to the vendors solicitors. Once the funds have been cleared in the vendor’s solicitors account, we will release your keys.